Successful Cases

The Bank of East Asia

Incorporated in Hong Kong in 1918, The Bank of East Asia, Limited ("BEA") is dedicated to providing comprehensive commercial banking, personal banking, wealth management, and investment services to its diverse customers in Hong Kong, Mainland China, and other major markets around the world. BEA is the largest independent local bank in Hong Kong. It is listed on The Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index.
BEA has operated continuously in China since the establishment of its first Mainland branch in Shanghai in 1920. Leveraging its deep knowledge of China market as well as its banking expertise in Hong Kong and overseas, the Bank's presence on the Mainland has grown steadily over the past 30 years of economic reform. Today, BEA prides itself on delivering quality products and services tailored to the needs of customers throughout Greater China and other markets around the world.
In early 2007, BEA furthered its commitment to China by establishing a wholly-owned, locally-incorporated banking subsidiary, The Bank of East Asia (China) Limited ("BEA China"). Headquartered in Shanghai, BEA China operates one of the most extensive branch networks of any foreign bank on the Mainland. Its 127 outlets include its headquarters, 28 branches and 98 sub-branches across 41 cities nationwide. 
In July 2012, BEA signed a letter of intent with the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen to participate in the development of the Qianhai Cooperation Zone.  Qianhai marks a new chapter in China’s opening, aiming to combine the energy of Shenzhen’s economic miracle with the competitiveness of Hong Kong’s service industry. Through a series of pilot reforms, Qianhai will become a hub for modern services by facilitating innovation and pioneering financial and industrial reforms.  
In order to support this important reform, BEA is committed to providing companies registered in Qianhai with a full range of financial services. In January 2013, BEA proudly became one of the first banks to provide cross-border lending to an enterprise in Qianhai. BEA China next signed strategic agreements with Qianhai’s Equity Trading Centre and Qianhai Financial Assets Exchange, becoming in June 2013 the first among other foreign banks to gain a fund distribution qualification. Cementing its first mover advantage, BEA China opened its Shenzhen Qianhai Sub-branch in July 2013, the first newly established foreign banking outlet in Qianhai with the prime focus to serve customers in the Qianhai Cooperation Zone.
In the long term, BEA believes there is a valuable opportunity to contribute to Qianhai’s development with innovative solutions to domestic and foreign currency transactions, onshore and offshore lending, cross-border lending and settlement. Through these services, BEA hopes to help progress Renminbi internationalisation, add to the competitiveness of Chinese industry and contribute to China’s long term, sustainable economic development.