Wing Lung opened at No. 37 Bonham Street East, Hong Kong on February 25, 1933. It was named Wing Lung Bank with a capital of HK$44,500. It engaged in currency exchange, exchange, deposits, transactions between ports, and trading on behalf of customers. The performance of businesses such as stocks, gold and domestic government bonds increased year-on-year.
In 1937, in order to expand its business, it moved to No. 112 Queen's Road Central, Hong Kong.
The Pacific War broke out in 1941 and Hong Kong fell. The Bank settled its colleagues and transferred to Macau to continue operating the banking industry. It also established the "Wing Lung Gold Account" in Liuzhou, Guangxi, and actively cleared old accounts in Macau and Liuzhou, which was highly praised by customers.
The war ended in 1945 and he returned to Hong Kong to resume business.
Participated in the bill exchange in 1950.
In 1952, it started to operate money transfer business; in the same year, the old head office location was rebuilt and completed.
In 1953, he became the general agent of New Zealand National Insurance Co., Ltd. in Hong Kong and Macau.
Registered as a limited company in 1956. Due to business development and an increase in staff, the original location was no longer sufficient, so the pre-existing shops on the right and behind the store were rebuilt to expand business.
In 1960, the Chinese name was changed from "Wing Lung Bank Co., Ltd." to "Wing Lung Bank Co., Ltd."
In 1965, in order to cope with business development, the original head office location was rebuilt for the third time.
In 1973, the new head office building located at Des Voeux Road Central and Connaught Road Central was completed, coinciding with the bank’s 40th anniversary. The head office building is 300 feet high, with 25 floors and a total area of ??more than 145,000 square feet. That year it was changed to a public limited company. Standard Chartered Bank joined as a shareholder of the Bank.
In 1975, another property of our bank, the Banking Center on Nathan Road in Mong Kok, was also completed. The building is 300 feet high, has 25 floors, and has a total area of ??more than 245,000 square feet. It also has a "Mong Kok Branch" In this building. The Bank also began to use computers to process deposits that year. In the early days, the mainframe was attached to a computer company. In 1981, it established its own computer center and gradually computerized various businesses.
At the beginning of 1980, the Bank’s shares were listed on the stock market, with 25% of the shares being sold to the public and listed on the stock exchange.
In 1982, the Bank teamed up with four other Chinese banks to form UnionPay Tongbao Co., Ltd. to provide customers with ATM services.
In 1984, the first overseas branch was opened in Los Angeles, USA.
In 1986, the wholly-owned subsidiary Wing Lung Insurance Co., Ltd. was authorized by the government to operate insurance business.
In 1987, due to changes in investment policy, Standard Chartered Bank withdrew as a shareholder of the bank and transferred its 10% equity stake to a company controlled by the Wu family. In the same year, Kangling Co., Ltd. (now renamed Wing Lung Securities Co., Ltd.) was established to provide securities investment services to customers.
In 1992, the Development Bank of Singapore acquired 10% of the bank's equity from a company controlled by the Ng family and became a shareholder.
In 1994, a representative office was established in Guangzhou, which was the Bank’s first domestic business base.
Started operating credit cards in 1995.
In 1996, the Service Logistics Center was established to centralize various business processes of various departments and branches. In the same year, a branch in the Cayman Islands was added to provide customers with offshore banking services.
In 1998, it operated hire purchase loan business through its wholly-owned subsidiary Wing Lung Finance Co., Ltd. In the same year, "Wing Lung Online Banking" was launched to provide automated services to customers using the Internet.
In 1999, a representative office was established in Shanghai. In the same year, the Bank teamed up with several peers to form UnionPay Trust Co., Ltd. to develop mandatory provident fund services. It also launched the electronic securities trading system "Wing Lung Telephone Securities Trading" and "Wing Lung Online Securities Trading" services.
In 2000, it formed Yinhe Reinsurance Co., Ltd. and Hong Kong Life Insurance Co., Ltd. with its peers to further expand the insurance business.
In 2001, a highly intelligent teller platform system was introduced to International Business Machines China Hong Kong Co., Ltd. to strengthen customer service. In the same year, a financial management center was established to expand financial management business.
In 2002, the Bank’s previous capital increases were all distributed to shareholders in the form of bonus shares. As of December 31, the Bank’s total assets were HK$61.7 billion.
70th anniversary in 2003.
In 2004, the Bank was the first Hong Kong bank to receive approval from the China Banking Regulatory Commission to establish a branch in the Mainland after the implementation of the Closer Economic Partnership Arrangement between the Mainland and Hong Kong. In the same year, the first mainland branch was established in Shenzhen, now providing customers with foreign exchange deposits, loans, remittances and bill draft services. Start RMB business. The major shareholder of the Bank, Ng Ji Yee Limited, repurchased 10% of the Bank's equity held by DBS Bank. As of December 31, the Bank’s total assets were HK$71 billion.
In 2005, there were 39 branches and offices with a total staff of more than 1,200. The Bank provides comprehensive banking services, including deposits, loans, bills, exchanges, syndicated loans, corporate loans, credit cards, online banking, mandatory provident funds, investment and financial management, etc. The Bank also provides lease purchase loans, property trusts, trusteeship, insurance agency, brokerage and consulting, and futures and securities brokerage services through its wholly-owned subsidiaries.