At the end of the Wan Chai reclamation from 1922 to 1929, a pier "120 feet 8 inches long and 35 feet 4 inches wide with four flights of landing steps and situated at the end of Tonnochy Road" was built. Probably this pier was damaged in the second World War and had to be repaired. The ferry services between the Wanchai Pier and Jordan Road, Kowloon was in operation as early as 12 November 1949. Because the ferry line mainly catered to passengers on the Hong Kong Island to the east of Wanchai, the China Motor Bus company rerouted its bus route no. 2 so that it passed near the Wanchai Pier. At the same time the bus company started the auxiliary bus route no. 8. The Wanchai Pier was not where it is today. It was located on Gloucester Road, near Tonnochy Road. The bus route no. 8 then and the route no. 11, which entered service later, both had stops on Tonnochy Road. On 1 June 1956 the Stewart Pier commenced operation and the ferry service to Jordan Road was rerouted to this pier. On 3 July 1956 a new ferry line to Kowloon City started operation at the Tonnochy Road Pier. This ferry line was terminated on 24 June 1967. On 12 November 1963 the ferry service between Hung Hom and Wanchai commenced operation.
Second generation (1968 to 2014)
From 1965 to 1972 Wanchai underwent more land reclamation. The coastline moved north from Gloucester Road to today's Convention Avenue and Hung Hing Road. In April 1988 the Jordan Road <-> Wanchai ferry line was terminated and replaced by the new line between Tsim Sha Tsui and Wanchai. On 1 April 2011 the Hung Hom <-> Wanchai line was terminated. The Wanchai<->Tsim Sha Tsui line has since been the only remaining ferry service at the Wanchai Pier.
Third generation (since 2014)
As the site of the second generation pier is included in the reclamation area of the Central–Wan Chai Bypass project, the government decided to terminate and demolish the 46-year-old second generation Wanchai Pier, and build a new pier at the current coast to the north. The Star Ferry Company that has been operating the Wanchai<->Tsim Sha Tsui ferry line objected to the demolition in 2007. The new pier commenced operation on 30 August 2014. It has an area of about 2,200 sq m, about 150 sq m less than the previous pier. The facilities are more or less the same as the Central Star Ferry Pier. The second floor of the new pier will be used for food and catering. However, the second floor reserved for food and catering will have to wait at least half a year to have electricity connection after the pier's operation commenced. Passengers questioned that the new walkway to the new pier was too narrow and insufficient for the passenger flow during peak hours. The Civil Engineering and Development Department replied that the new passenger walkway was designed to accommodate the passenger flow generated by the current ferry line.
There was a bus terminus right across the Convention Avenue from the Wanchai Pier. The bus terminus commenced operation on 10 March 1968. The China Motor Bus routes 8 and 11 were rerouted there at the same time. As space for a bus terminus was in short supply in Wanchai, the bus terminus was expanded and routes were modified in the 1970s and 80s. After Convention Avenue and Hung Hing Road opened to traffic, a footbridge connecting the Pier and the terminus was built. The terminus was constantly highly saturated and it had been a very important terminus. As the Wanchai North Reclamation Area became more developed, the terminus was never short of passengers. Bus routes operated by the Kowloon Motor Bus, First Bus, Citybus as well as some non-franchised bus companies could be found. Those franchised bus routes provided connections between the pier and other areas in Hong Kong. Bus routes at the bus terminus included: 2A, 2X, 8, 8P, 40, 40M, 905, 960. In the 1970s to 90s, this bus terminus also served as the terminus for Green Minibuses. The first generation Hong Kong Island route 14, route 33 and the current route 36 minibuses all used this terminus. On 6 February 2012, the cross-harbour bus route 930A's morning service to Hong Kong Island was extended to this terminus. On 29 July 2012, the end station of the route 930 was relocated from Admiralty to this terminus. The start station of route 930A's return ride was also relocated to here. These two routes were the first two routes to Tsuen Wan from this terminus. The route 40M used this terminus as the end station. To accommodate the reroute of routes 930 and 930A, the end station of 40M was relocated to the Tamar Central Government Complex and ceased to pass through the Wanchai Pier Terminus. According to the current Sha Tin to Central Link project, the site of the Wan Chai Ferry Pier Public Transport Interchange will be used as the construction site of the Exhibition MTR Station. The terminus is relocated to a site near the coast, a newly reclaimed area to the north of Hung Hing Road, the entrance of which is at the junction of Hung Hing Road and Marsh Road. After the completion of the Exhibition Station, the original site of the bus terminus will be rebuilt into a sheltered transport interchange terminus with 9 single pits, 2 double pits, 1 taxi stand and 2 positions for loading and unloading of goods.