Hang Lung Bank
| Company type | Financial institution |
|---|---|
| Industry | Banking |
| Founded | 1923 |
| Defunct | 1990 |
| Fate | Merged into Dao Heng Bank |
| Headquarters | Hong Kong , Hong Kong |
Hang Lung Bank () was a financial institution based in Hong Kong that ultimately became part of DBS Bank (Hong Kong) through a series of mergers.
In September 1982, the bank experienced a bank run triggered by the failure of Che Lee Yuen Jewellery & Goldsmith Company and accompanying speculation; however, this crisis was resolved within two days. By September 1983, after accounting for the depreciation of the Hong Kong dollar, there was a noticeable reduction in deposits. On 27 September 1983, the Legislative Council passed the "Hang Lung Bank (Acquisition) Ordinance Bill 1983," which resulted in the takeover of the bank by the British Hong Kong Government. This action ensured the protection of HK$148 million in cheques to sustain clearing functions.
In 1989, ownership of Hang Lung Bank transferred to Dao Heng Bank, with a full merger completed by 1990. Later, in 2003, Dao Heng Bank merged with both Kwong On Bank and Overseas Trust Bank, leading to the creation of DBS Bank (Hong Kong), thereby strengthening their combined market position.