DBS Group is Singapore's largest commercial bank. Then in 2003, the three banks were merged into Daoheng Bank. Later, in order to avoid the disgust of Hong Kong people caused by its Singapore background and affect the development of Hong Kong, it was renamed "Star Show Bank (Hong Kong)" and then reorganized. However, the largest shareholder of DBS is still Temasek Holdings Limited, the investment arm of the Singapore government. In January 2004, the Star Show Bank acquired a minority stake in Taiwan's Apple Daily.