The Wing On Bank Limited (Chinese:香港永安銀行有限公司)[1][2] was a bank in Hong Kong. It was majority owned by Wing On Holdings, a listed vehicle 68.8% controlled by the Kwok family, including Kwok Lam-po.[3]
History
The bank was founded by the Kwok family, led by Kwok Lok (郭樂) (aka Guo Luo) and Kwok Chuen (郭泉) (aka Guo Chuan) in 1931, growing out of an insurance operation on the back of the successful Wing On department store.[4]
The Wing On Bank Limited era
Collapse
The bank collapsed in 1986 when its auditors had qualified the 1985 accounts on fundamental uncertainty,[5] and its shareholders voted against a special resolution on capital injection of HK$154 million.
The Hang Seng Bank stepped in and bailed out the lender with a cash injection of HK$150 million in December 1985.[6]
See also
References
- 1970年代至1980年代左右香港永安銀行支票.本票一張 retrieved 11 December 2025^
- 1959年香港上海匯豐銀行及香港永安銀行支票 retrieved 11 December 2025^
- Appointment of Deputy Commandant, Hong Kong Auxiliary Police Force (Arthur Kwok Chi-shun)