hang bank limited banco ocbc weng hang s.a. type subsidiary founded canton republic of china 1937 headquarters hong kong macau key people na wu beng 1 ceo patrick fung chairman products banks credit cards number of employees 2 000 2013 2 parent ocbc bank website ocbcwhhk.com ocbc wing hang bank traditional chinese simplified chinese transcriptions standard mandarin hanyu pinyin y ngh ng y nh ng yue cantonese jyutping wing5 hang1 ngan4 hong4 ocbc wing hang bank limited chinese formerly wing hang bank limited is a licensed bank with its head office in hong kong where it is the eighth biggest bank by total assets . 2 since end july 2014 wing hang bank has been a subsidiary of oversea chinese banking corporation ocbc of singapore . the acquisition of wing hang has given ocbc a network of about 70 branches spanning hong kong macau and mainland china to add to ocbc s existing operations in hong kong and china . contents 1 history 1.1 acquisition by ocbc 2 operations 3 subsidiaries 4 references 5 external links history edit ocbc wing hang bank queen s road central branch in hong kong . mr y k fung established wing hang ngan ho in 1937 in canton to engage in money changing . its early years were difficult due to the turbulent political and economic conditions in china . in 1941 the firm established a subsidiary banco weng hang in macau . in 1945 wing hang ngan ho re established itself in hong kong with a capital of hk 300 000 and a staff of 19 . the firm prospered during the post war boom and in 1960 incorporated as wing hang bank . in 1973 the irving trust company of new york acquired a majority interest in wing hang and the partnership provided the bank with a stronger financial base and the expertise of a major international bank . in 1979 the head office building was re developed and provided much needed modern facilities for its operations . in 1989 irving trust company merged with the bank of new york . in july 1993 wing hang bank listed its shares on the hong kong stock exchange . in august 2004 wing hang completed the merger with chekiang first bank a local bank noted for its solid credit history and high quality portfolio . this acquisition provided the bank with a greater scale and coverage in the market . in january 2007 the bank acquired inchroy credit corporation a major financial institution engaged in the hire purchase and lease financing business . in july 2007 the bank of new york company inc. merged with mellon financial corporation to form the bank of new york mellon corporation . that same year wing hang established wing hang bank china . acquisition by ocbc edit singapore s ocbc bank has acquired wing hang for 6.23 billion sgd . 3 under the hong kong companies ordinance ocbc bank with 97.52 percent of wing hang s shares compulsorily acquired the bank on 29 july 2014 . wing hang was subsequently delisted after the acquisition was completed . 4 5 on 1 october 2014 wing hang bank was re branded as ocbc wing hang to reflect its integration into the ocbc family . 6 operations edit wing hang bank is the holding company and the principal operating company of the group . it provides a comprehensive range of banking and related financial services through a network of 43 branches in hong kong . its wholly owned subsidiary wing hang bank china has a network of branches in shenzhen guangzhou shanghai beijing and zhuhai . the group s subsidiary in macao operates under the name banco weng hang and has an extensive branch network there . in addition through its other subsidiaries and affiliated companies the group provides nominee deposit taking offshore banking hire purchase consumer financing insurance and share brokerage services . subsidiaries edit banco weng hang s.a. honfirst investment ltd. wing hang bank china ltd. wing hang bank nominees ltd. wing hang bank trustee ltd. wing hang credit ltd. wing hang finance co. ltd. wing hang insurance agency ltd. wing hang insurance brokers ltd. wing hang shares brokerage co. ltd. inchroy credit corporation ltd. references edit new ceo for wing hang bank . channel newsasia . retrieved 6 september 2014 . a b hong kong s 20 largest licensed banks 2013 pdf . hong kong business . retrieved august 15 2014 . ocbc succeeds in bid to acquire hk s wing hang bank . the straits times . july 30 2014 . retrieved august 15 2014 . close of the voluntary general offer by ocbc bank to acquire wing hang bank limited whb . compulsory acquisition and withdrawal of listing of whb shares and suspension of trading pdf . ocbc bank . july 29 2014 . retrieved august 15 2014 . ocbc owns 97.52 pc of wing hang allowing it to delist lender . the malay mail online . 30 july 2014 . retrieved 15 august 2014 . ocbc announce . ocbc . retrieved 6 september 2014 . other references feng bangyan ; 2002 . a century of hong kong financial development . joint publishing hong kong . isbn 962 04 2129 9 . wikimedia commons has media related to wing hang bank . external links edit ocbcwhhk.com ocbcwhmac.com v t e banks of macau monetary authority of macao banco delta asia banco nacional ultramarino china construction bank macau esp rito santo financial group macau chinese bank industrial and commercial bank of china macau banco ocbc weng hang s.a. category banks of macau list of banks in china list of banks in hong kong retrieved from https en.wikipedia.org w index.php title ocbc wing hang bank & oldid 690647570 categories companies formerly listed on the hong kong stock exchangebanks of hong kongbanks of macaubanks established in 1937hidden categories articles containing traditional chinese language textarticles containing simplified chinese language textcommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages edit links this page was last modified on 14 november 2015 at 18 47 . text is available under the creative commons attribution sharealike license ; 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