Hsu Ta Tung
Encyclopedia
Hsu Ta Tung was a Chinese
business magnate
and the father
of Daisy Hsu and Rita Fan
.
County (current Zhenhai District), Ningbo
, Zhejiang Province. His father was a teacher
at Chongzheng College (崇正書院), and he also graduated from this school.
Hsu went to Shanghai
and joined a bank as a clerk
. Three years later he and founded his own company in the paper industry named Ta-Tung (大統紙號) after himself. His company developed rapidly and the company was renamed Tung-Yi (統益紙號). In the late 1930s and 40s, he monopolized the paper business in eastern China and was known as the 'Magnate of Paper Industry' (紙業大王). He became chief director (理事長) of the Shanghai Trade Association (上海同業公會).
Hsu invested broadly in other sectors including banking and real estate
. He became the major shareholder of Dah Sing Bank, established in Hong Kong in 1947 as mainland China turned communist.
His daughters Daisy Hsu and Rita Fan were born in Shanghai, with the latter named after American film star Rita Hayworth
, who was then very popular in Shanghai.
. He once became the largest single shareholder of Dah Sing Bank Limited
. The number plate of his car was also famous in Hong Kong - HK1000. In later life he was involved in the charitable promotion of education in mainland China
.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
business magnate
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...
and the father
Father
A father, Pop, Dad, or Papa, is defined as a male parent of any type of offspring. The adjective "paternal" refers to father, parallel to "maternal" for mother...
of Daisy Hsu and Rita Fan
Rita Fan
Rita Fan Hsu Lai-tai GBM GBS CBE JP was the President of the Legislative Council of Hong Kong after the transfer of sovereignty from the United Kingdom in 1997. She was the first woman to hold that position....
.
Life
Hsu was born in ZhenhaiZhenhai
Zhenhai is a district of Ningbo prefecture-level city, Zhejiang, and also a town within that district. Located at the mouth of the Yong River 12 miles north-east of Ningbo proper, the town of Zhenhai lies at the foot of Zhaobao Hill on a tongue of land...
County (current Zhenhai District), Ningbo
Ningbo
Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,...
, Zhejiang Province. His father was a teacher
Teacher
A teacher or schoolteacher is a person who provides education for pupils and students . The role of teacher is often formal and ongoing, carried out at a school or other place of formal education. In many countries, a person who wishes to become a teacher must first obtain specified professional...
at Chongzheng College (崇正書院), and he also graduated from this school.
Hsu went to Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
and joined a bank as a clerk
Clerk
Clerk, the vocational title, commonly refers to a white-collar worker who conducts general office or, in some instances, sales tasks. It is also occasionally used to refer to third-year medical students completing a medical clerkship. The responsibilities of clerical workers commonly include record...
. Three years later he and founded his own company in the paper industry named Ta-Tung (大統紙號) after himself. His company developed rapidly and the company was renamed Tung-Yi (統益紙號). In the late 1930s and 40s, he monopolized the paper business in eastern China and was known as the 'Magnate of Paper Industry' (紙業大王). He became chief director (理事長) of the Shanghai Trade Association (上海同業公會).
Hsu invested broadly in other sectors including banking and real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
. He became the major shareholder of Dah Sing Bank, established in Hong Kong in 1947 as mainland China turned communist.
His daughters Daisy Hsu and Rita Fan were born in Shanghai, with the latter named after American film star Rita Hayworth
Rita Hayworth
Rita Hayworth was an American film actress and dancer who attained fame during the 1940s as one of the era's top stars...
, who was then very popular in Shanghai.
Hong Kong
1949, Hsu moved his whole family to Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. He once became the largest single shareholder of Dah Sing Bank Limited
Dah Sing Bank Limited
Dah Sing Bank is a bank based in Hong Kong with around 70 branches in Hong Kong, Macau and China. It was established in 1947.The bank is the major subsidiary of Dah Sing Banking Group Limited, which also owns MEVAS Bank, Banco Comercial de Macau and Dah Sing Bank Limited.A majority share in Dah...
. The number plate of his car was also famous in Hong Kong - HK1000. In later life he was involved in the charitable promotion of education in mainland China
Education in the People's Republic of China
Education in the People's Republic of China is a state-run system of public education run by the Ministry of Education. All citizens must attend school for at least nine years. The government provides primary education for six years, starting at age six or seven, followed by six years of secondary...
.
Memorial
- Ta-Tung Bridge (大統橋) in Ningbo
- Hsu Ta Tung Memorial Building, at St. Stephen's Girls' CollegeSt. Stephen's Girls' CollegeSt Stephen's Girls' College , known as SSGC, which is one of the grant schools under Hong Kong Sheng Kung Hui , is a girls' schools in Hong Kong. Originally on Caine Road, the school moved to its current location at Lyttelton Road, Mid-Levels, in 1923. The main building is listed as one of the...
, Hong Kong