Hsu Ta Tung
Hsu Ta Tung, was a Chinese business magnate and the father of Yuan Kai Hsu, Daisy Hsu and Rita Fan.
Life
Hsu was born in Zhenhai County, Ningbo, Zhejiang Province. His father was a teacher at Chongzheng College, 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 after himself. His company developed rapidly and the company was renamed Tung-Yi. In the late 1930s and 40s, he monopolized the paper business in eastern China and was known as the 'Magnate of Paper Industry'. He became chief director of the Shanghai Trade Association.
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 son yuan Kai Hsu, 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.