In his playing career, he represented Dalian Wanda where he won six Chinese league titles with them before having short spells with Sichuan First City and Shaanxi Baorong Chanba.

Wang Peng started his professional career with Dalian Wanda in the 1996 season making 3 appearances and scoring 1 goal.

The following season was to prove extremely successful for Wang Peng as he won the league title with Dalian, playing a significant role by making 22 appearances and scoring 7 goals.

[2] By the 2004 season Wang Peng saw his playing time significantly reduced with the arrival of Ermin Šiljak and the return of Zoran Janković.

[4] His performance was considered good enough for him to be included in 1998 Asian Games where Wang Peng would score his first goal against Lebanon and help China come third and in the tournament.