Bank of East Asia
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Bank of East Asia

Company nameThe Bank of East Asia Limited
Company typePublic （Sehk - 0023,Otcbb - BKEAY）
Slogan承諾．成真(2008年)
成就共建(2009年)
IndustryFinance
Founded1918
HeadquartersHong Kong
Key peopleDavid Li (Chairman and CEO)
ProductsFinancial Services
Consumer Banking
Corporate Banking
RevenueHK $ 8.814 billion
Net incomeHK $4.144 billion

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The Bank of East Asia Limited ( ) (Sehk - 0023,OTCBB - BKEAY) often abbreviated to BEA, is the largest independent local bank and the third largest bank in Hong Kong. Its chairman and chief executive is Sir David Li.

It was founded in Hong Kong in 1918 and has since grown to a HK$19.4 billion (US$2.5 billion) market capitalization, with consolidated assets of US$50.85 billion (as at 30 June 2008). It is listed on the Hong Kong Stock Exchange as BEA. The Bank of East Asia has 91 retail branches in Hong Kong, as well as 60 in mainland China and around 30 in the United States, Canada and Britain. Worldwide, the bank employs more than 10,800 people.

In 1995, BEA acquired United Chinese Bank, which was fully merged with the bank in 2001. In 2000 it acquired First Pacific Bank.

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Where are the jobs? For many companies, overseas - The Associated Press Tweet this news
The Associated Press---...- in -Asia-," says Homi Kharas, a senior fellow at the Brookings Institute and formerly the World -Bank's- chief economist for -East Asia- and the Pacific. ... - Date : Tue, 28 Dec 2010 12:13:41 GMT+00:00
'Foreign countries have 580 fugitives' - Straits Times Tweet this news
Straits Times---...- of economic crimes are still at large in foreign countries, with most fleeing to North America and South--east Asia-, a senior police officer said. ... - Date : Tue, 28 Dec 2010 01:57:05 GMT+00:00
BEA China receives approval to issue RMB financial bonds worth up to RMB5bn - Banking Business Review Tweet this news
Banking Business Review--The -Bank of East Asia- (BEA) has said that its wholly-owned subsidiary, The -Bank of East Asia- China (BEA China), has obtained approval from the People's Bank ... - Date : Tue, 21 Dec 2010 13:56:33 GMT+00:00
Bank Of East Asia OK'd To Buy Stake In Small Chinese Asset Management Firm - Wall Street Journal Tweet this news
Wall Street Journal--SHANGHAI (Dow Jones)--China's securities regulator approved -Bank of East Asia- Ltd.'s (0023.HK) purchase of an 11% stake in Golden Eagle Asset Management Co. ... - Date : Wed, 15 Dec 2010 04:57:33 GMT+00:00
Emerging East Asian debt sales slow as govt borrows less- ADB - Reuters Tweet this news
Reuters---...- -East Asia- grew at a slower pace in the July-September period from the previous quarter as governments sold less debt, the -Asian- Development -Bank- said. ... - Date : Mon, 29 Nov 2010 02:01:16 GMT+00:00
Avocet Agrees To Sell South East Asian Assets For US$200 Mln In Cash - Stock Markets Review Tweet this news
Stock Markets Review--L) Friday said it has signed a binding agreement for the conditional sale of its South -East Asian- assets to private Cayman Islands company J&Partners LP, ... - Date : Fri, 24 Dec 2010 08:36:16 GMT+00:00
BEA Wins Nod To Issue Yuan Bonds In China - CapitalVue Tweet this news
CapitalVue--December 21 -- -Bank of East Asia- (China) won approval from The People's Bank of China to issue no more than five billion yuan worth of yuan-denominated ... - Date : Tue, 21 Dec 2010 08:57:35 GMT+00:00
ADB urges cooperation on currency - JoongAng Daily Tweet this news
JoongAng Daily--The cooperation will also help promote intra-regional trade and investment, and rebalance the region's sources of growth, the -bank- said. -East Asia's- large ... - Date : Tue, 07 Dec 2010 15:01:57 GMT+00:00
Bank Of East Asia: China Unit To Sell CNY5 Bln Yuan Bonds On Interbank Market - Wall Street Journal Tweet this news
Wall Street Journal--BEIJING (Dow Jones)---Bank of East Asia- Ltd.'s (0023.HK) mainland China unit received approval from the central bank to sell CNY5 billion ($300.3 million) ... - Date : Mon, 20 Dec 2010 11:30:46 GMT+00:00
Another first for BEA China - The Standard Tweet this news
The Standard---Bank of East Asia- (0023) won an edge over foreign banks in the mainland yesterday after its local subsidiary got the green light to issue up to five billion ... - Date : Mon, 20 Dec 2010 19:42:28 GMT+00:00

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