CMB Wing Lung Bank () (former stock no: ) is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

based in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

. As of December 2018, the Bank has 35 branches in Hong Kong, 4 branches in

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

, 1 branch in

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a p ...

and 2 overseas branches, located respectively in Los Angeles and San Francisco in united States. The bank was founded on 25 February 1933 by Dr.

Wu Yee-sun Wu Yee-sun (, 1900 – 11 May 2005) was a Hong Kong entrepreneur and billionaire who founded the Wing Lung Bank. Life and career Although he was born into a well-known family, times were difficult and he had to leave school at 14. The family suf ...

(), 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 China Merchants Bank (CMB) () is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB has over five hun ...

. It currently employs over 1,900 people and has assets over

HKD The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and ...

300 billion. In 2008,

purchased 53.12 percent of Wing Lung Bank's

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

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 as 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 In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, su ...

from the Hong Kong Stock Exchange after 16 January 2009. In May 2009, Wing Lung Bank adopted the

corporate identity A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public (such as customers and investors as well as employees). The corporate identity is typically visualized by ...

of China Merchants Bank. The Los Angeles branch, located in

Alhambra, California Alhambra (, , ; from "Alhambra") is a city located in the western San Gabriel Valley region of Los Angeles County, California, United States, approximately eight miles from the Downtown Los Angeles civic center. It was incorporated on July 11 ...

, features the largest glass

Tile mural A mural is any piece of graphic artwork that is painted or applied directly to a wall, ceiling or other permanent substrate. Mural techniques include fresco, mosaic, graffiti and marouflage. Word mural in art The word ''mural'' is a Spanish ...

in North America, measuring tall by wide. The mural comprises approximately 1 million pieces of glass tile set in an abstract interpretation designed to reflect the nearby San Gabriel Mountains. The mural received the 2007 Spectrum Award, the top industry award for excellence in tile design and implementation. On the list of Top 500 Banking Brands of The Banker, CMB has jumped into the Top 10, ranking 9th in 2019.

References

External links

*
Wing Lung Bank Mural
{{Portal, Banks Banks of Hong Kong China Merchants Companies formerly listed on the Hong Kong Stock Exchange Banks established in 1933 Murals