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Wing Lung Bank

Company nameWing Lung Bank Limited
永隆銀行有限公司
Company typePrivately owned company
Slogan"Progress with Prudence, Service with Sincerity"
IndustryFinance
Founded1933
Founder(s)Dr. Wu Yee-Sun
HeadquartersHong Kong
Area servedHong Kong
Key peopleChairman: Dr. Ma Weihua, CEO: Mr. Zhu Qi
Employees1600
ParentChina Merchants Bank

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Wing Lung Bank ( ) (former stock no: ) is a medium-sized bank based in Hong Kong. As of 2010, it has 39 branches, including one branch in Los Angeles and one branch in the Cayman Islands.

The bank was founded in 1933 by Dr. Wu Yee-Sun ( ), who owned a majority stake in the bank. It was listed in Hong Kong from 1980 to 2009 until it was acquired by China Merchants Bank. It currently employs 1,600 people and has assets of around HK$117.3 billion.

In 2008, China Merchants Bank purchased 53.12 percent of Wing Lung Bank's equity and became the largest shareholder of the bank. Dr. Ma Weihua (China Merchants Bank's President) and Dr. Zhang Guanghua (China Merchants Bank's Vice President) were appointed to be the Chairman and Vice Chairman of Wing Lung Bank respectively.

In 2009, China Merchants Bank acquired the remaining shares of Wing Lung Bank, and it became a wholly owned subsidiary of China Merchants Bank. It was delisted from the Hong Kong Stock Exchange after 16 January 2009. In May 2009, Wing Lung Bank adopted the corporate identity of China Merchants Bank.


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