On June 28, 1993, riding the wave of China’s reform and opening-up, Wang Jun, at the age of 28, founded Huangyan Tailong Urban Credit Cooperative, the predecessor of Tailong Bank. With seven employees and a registered capital of CNY 1 million, the institution started its journey of MSME finance in a 60-square-meter storefront in Taizhou, Zhejiang.
On August 15, 2006, with regulatory approval, Taizhou Tailong Urban Credit Cooperative was officially restructured into Zhejiang Tailong Commercial Bank. This marked a major milestone in Tailong’s development, laying the foundation for its continued commitment to MSMEs.
In February 2010, Tailong established its Shanghai Branch, taking a significant step in its transformation from a local bank to a regional financial institution. This expansion into China’s international financial hub demonstrated Tailong’s growing influence in MSME finance.
On September 2020, Tailong officially released the Tailong Bank MSME Financial Services Standards, becoming the first banking institution in China to publicly establish such standards. This initiative further reinforced its leadership in financial inclusion.
