The Bank of East Asia
(Traditional Chinese: 東亞銀行) SEHK: 0023 often abbreviated to BEA, is the largest independent local bank and the third largest bank in Hong Kong.
It was founded in Hong Kong in 1918 and has since grown to a HK$19.4 billion (US$2.5 billion) market capitalization. It is listed on the Hong Kong Stock Exchange as BEA. The bank was named the best bank in a poll by The Asset. The Bank of East Asia has more than 100 branches to serve its retail customers in Hong Kong, therefore the bank"s cost of interest is also competitive.BEA has acquired United Chinese Bank and First Pacific Bank.
Its Chairman and Chief Executive is The Hon. Dr. David Li Kwok-po.
Company Profile
Incorporated in Hong Kong in 1918, The Bank of East Asia ("BEA") is dedicated to providing comprehensive retail and commercial banking services to its customers in Hong Kong, Greater China, and overseas.
BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HK$343.2 billion (US$43.9 billion) as at 30th June, 2007. The Bank is listed on the Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index. BEA operates one of the largest banking networks in Hong Kong, with over 120 branches and SupremeGold Centres around town.
BEA also operates one of most extensive networks of any foreign bank in China, with more than 40 outlets throughout the country. Widely regarded as a longstanding market leader on the mainland, the Bank was one of the first foreign banks to:  | attain Qualified Domestic Institutional Investor status from the China Banking Regulatory Commission ("CBRC"); and |
| | receive approval from the CBRC to establish a locally incorporated bank in China. This wholly-owned subsidiary, named The Bank of East Asia (China) Limited, offers a full range of Rmb services to all customers including local residents. |
| BEA also operates outlets in the United States, Canada, the United Kingdom, the British Virgin Islands, and Southeast Asia. Worldwide, including Hong Kong and China, BEA has an international network of more than 190 outlets and employs over 8,900 people. In addition to its own branches in Los Angeles, San Francisco, and New York, the Bank serves its North American customers through its New York City-based subsidiary, The Bank of East Asia (U.S.A.) N.A., and The Bank of East Asia (Canada). |
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BEA has long been known for the comprehensive range of retail and commercial banking services that it provides to a wide array of customers. Retail and wholesale banking services are delivered through the Bank"s Personal Banking, Corporate Banking, Wealth Management, Investment Banking, China, and International divisions. Products and services include deposit-taking, foreign currency savings, retail investment and wealth management services, mortgage loans, consumer loans, credit cards, Cyberbanking, bancassurance, Mandatory Provident Fund services, trade finance, syndication loans, remittances, and foreign exchange margin trading. In addition to the Bank"s core products and services, other members of the BEA Group complete the Group"s comprehensive offering to both individuals and companies. Through its subsidiary, Blue Cross (Asia-Pacific) Insurance Limited, the Group provides full insurance coverage. A leading professional provider of integrated business, corporate, and investor services in Asia, Tricor Group provides outsourced expertise in business support functions, thus enabling clients to focus on building their businesses. |
Investor Communication
Economic Research
 |  | Economic Analysis |
| Economic Indicators | |
| Economic Trends | |
| Milestones
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Industriel et Commercial, France.Account Services and Rates
 | Deposit & Account Services | |
| Deposit & FX Rates | |
| Remittance | |
| Mortgage Loans
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| Consumer Loans
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Credit Cards
 | Card Products |
| Year Round Discounts and Rewards Scheme / "Cash in Hand" Programmes |
| Usage Essentials and General Information |
24-hour BEA Credit Card Customer Services Hotline: (852) 3608 6628
Branch and ATMs Network
| Branches and SupremeGold Centres | |
| ATM Services and Locations | |
Bank Charges
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| Corporate Lending & Syndication We understand business, and can assist you to expand your business. We have a long history in the community and a deep knowledge of Hong Kong and China. We will make constructive suggestions and straightforward decisions in response to your requests. We provide a wide range of bilateral facilities. We also act as an arranger/co-arranger and book-runner, as well as an active participant in many syndication deals. A comprehensive range of bilateral facilities
Flexible, tailor-made packages We offer tailor-made loan packages, customized by loan type, tenor, and size, enabling you to finance projects with great flexibility. Whether your needs are prompt action to cater for projected cash inflow and outflow from operations, or funding at different stages of expansion, we are able to help. Fast approval turn-around When you come to us, you want a quick answer. We have worked hard to refine our assessment process. Now, we can notify you within three days whether or not we will proceed with a loan application. Not only that - we will work out the structure of the facility, as well as the time frame for formal inauguration. Expertise in loan structuring With over 15 years of experience in corporate lending, we have strong expertise in loan structuring. We work closely with you to make sure that the facility is a perfect fit for your specific funding requirement. Active participant in syndications We have participated in many large syndicated deals, including the Disney Theme Park, Container Terminal Nine, Mongkok Urban Renewal Project, and the bridge financing for the Pacific Century CyberWorks acquisition of Hongkong Telecom. Key Contact: Mr. William K.L. Chu Ms. Christine W.M. Wong Enquiry Hotline : 3608 0818 |
| Commercial Lending Over the years, our Bank has built a strong reputation for providing full financial support to our customers, helping to nurture successful businesses. We value you as our business partner, and we are able to arrange property mortgages and working capital finance, in addition to providing a complete range of import and export trade financing to meet your business needs. A comprehensive range of import / export trade financing and other banking services
Our overseas branches and representative offices, located in major cities and financial centres around the world, together with our well established global correspondent network, provide you with the most efficient trade services and the most up-to-date information on the global market. Electronic banking service improves efficiency
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| Securities Lending The Hong Kong Stock Market plays an increasingly important role in our society. Our Securities Lending Department provides a full range of services designed to suit the particular needs of both institutional and individual investors. A wide range of services
More than 200 stocks accepted as collateral for share financing
Competitive and flexible packages Quick approval Convenient branch network for Receiving Banker Services Key Contact:
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Asset Based Finance
| We have a group of experts specialised in providing the financial solutions for the acquisition and refinancing of new and used fixed assets. |
| With our financial services, you can match the cash flows from your capital investments in vehicles, machinery and equipment with the scheduled repayments at ease. You can also optimise your financial planning and maximise your tax benefits. |
| A Comprehensive Range of Services | |
 | Vehicle financing - such as private cars, taxis, public light buses, trucks and tractors |
| Machinery & equipment financing - such as offset press, office equipments, lathes, cranes and injection moulding machines |
| SME loans |
| Business Ready Cash |
| Corporate tax loans |
| Favourable Rates with Flexibility | |||||||||||||||
Our competitive rates and highly flexible terms are designed to make equipment acquisition and vehicle purchase as comfortable and affordable as possible. | |||||||||||||||
| Prompt Response | |||||||||||||||
We are fully committed to providing you with our efficient services in relation to vehicle, machinery and equipment financing. Our dedicated business managers are most happy to discuss with you and help you achieve your business or personal objectives. | |||||||||||||||
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| Enquiry Hotline: | 3608 0668 |
Trust and MPF Services
Bank of East Asia (Trustees) Limited, a wholly-owned subsidiary of The Bank of East Asia, has over 30 years of experience in providing trustee services, retirement fund and provident fund management services.
| Trust Services |
| MPF Services |
For further enquiry, please contact our MPF Administration Centre.
e-Payment Solutions
| In helping you to exploit the popularity of the Internet, e-Payment Solutions are offered to provide one-stop payment collection services. Merchants collect customers" payments via multiple channels, including the Internet, phone and BEA branch network, eliminating tedious procedures and reducing costs. |
| Payment Gateway Service |
| CyberPayment |
Payment Gateway Service is the essential component of e-Business platform that allows your company to collect credit card payments directly over the Internet.
Features
| Accept VISA and MasterCard payments in Hong Kong Dollars, US Dollars and Japanese Yen |
| Real time credit card authorization |
| No extra hardware installation |
| In strict compliance with international security standard |
| Comply with VISA and MasterCard latest security standard |
You can have access to the real-time transaction records through a web-based Merchant Administration Interface. Also, you can capture and settle transactions as well as downloading transaction file for payment reconciliation.
Benefits
| Allow both local and overseas payment collections |
| A secure environment for electronic transactions |
| Minimal investment costs |
| Transaction is reasonably charged |
If you are looking for a solution to collect payments worldwide, Payment Gateway Service is your choice!
By using CyberPayment, you can collect payments through Cyberbanking, phone and the Internet.
Features
| Immediate funds transfer to merchant account for payment through BEA |
| Accept payment from all bank"s ATM cardholders |
| Download transaction records through Corporate Cyberbanking for data reconciliation with accounting systems of the merchants |
Benefits
| Multi-channel for payment collections (Internet, PowerPhone, Kiosk, PDA etc) |
| Multi-channel for payment reconciliation |
| Accept payments from any ATM cardholders of any local bank |
| Avoid credit card fraudulent payment |
| Low risk and cost compared with credit card payment |
| Lower transaction cost |
If you are seeking multiple payment channels with a lower transaction fee as compared with credit cards, CyberPayment is your choice!
Linked Deposit
| Equity Linked Deposits | |
| Currency Linked Deposit | |
| Basket Equity Linked Deposit | |
| Other Structured Linked Deposits | |
Unit Trusts
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| Cyberfund Centre | ||||||||
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| Recommended Funds | ||||||||
| FundWatch | ||||||||
| Funds launched by BEA | ||||||||
| BEA Unit Trusts Services | ||||||||
| Monthly Investment Plan | ||||||||
| Funds Knowledge Corner | ||||||||
| Simple Risk Assessment Analysis | ||||||||
Portfolio Management
Provision of Professional Investment Management Services
Through its subsidiary, BEA Union Investment Management Limited ("BEAUIM")* (previously known as East Asia Asset Management Company Limited), The Bank of East Asia provides its clients with investment management services. It has a long and distinguished history of managing funds for private and institutional clients, including charitable and educational funds, as well as retirement and endowment funds.
Foreign Exchange Margin Trading Service
Helps You Monitor the Market Situation Closely and Capitalise on Every Opportunity for Maximising Your Return
Searching for Investment Opportunities in the Ever-Changing Foreign Exchange Market
Foreign exchange trading opportunities are generally quite limited, as conventional services only allow investors to buy.
Now, BEA"s Foreign Exchange Margin Trading ("FEMT") service offers you special advantages when investing in foreign currencies to help you capture investment opportunities.
Our FEMT service is a convenient solution for your leveraged foreign exchange investment needs. Our highly professional and seasoned investment experts are ready to serve you and help you invest in the foreign exchange market, so you can make the most of investment opportunities. With a margin deposit of as little as 6% of the contract size, you can conduct foreign exchange transactions in one of the most liquid and efficient markets in the world.
| Note: | 6% margin deposit will only be available for those customers who have maintained an FEMT account for more than 3 months. |
Advantages
FEMT service offers:
| Leveraged trading - 12.5 times or 16.6 times the value of your margin deposit. | ||||
| | Extended trading hours: | ||||
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| Three types of conditional limit orders to choose from: | ||||
 Today"s orders"Good till Friday" orders*"Good till Cancel" orders* | |||||
| * 24-hour order monitoring is available. | |||||
| You can also selectively square your position besides using the "first-in first-out" set-off. | ||||
| Cyberbanking services for customers: | ||||
| Enquire about margin balances, position status, interest rates, FX order status and more. Place margin deposits with the fund transfer function in your FEMT account.Access to daily, weekly, and monthly FX Market Commentary on the web. | |||||
| There are no commission charges on transactions. | ||||
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| Enjoy privacy and complete confidentiality when you enter your account details and PIN when making transactions by telephone. | ||||
| Detailed confirmations and statements are provided for reconciliation. | ||||
| | Enjoy a wide selection of currencies from which to choose for margin deposits and earn interest on your margin deposits. | ||||
| Interbank spot market rates are used as reference to quote on all transactions. |
Extensive Currency Choices and Cross-Currency Combinations
| With your FEMT account, you can trade in various currencies: |
7 Currencies against USD
| Currency | Contract Size Per Deal | ||
| Pound Sterling |
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| Euro |
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| Australian Dollar |
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| New Zealand Dollar |
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| Canadian Dollar |
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| Swiss Franc |
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| Japanese Yen |
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6 Cross-currency Pairs
| Cross-currency | Contract Size Per Deal | ||
| EUR/JPY |
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| EUR/CHF |
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| EUR/GBP |
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| GBP/JPY |
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Account Operation
Anyone aged 18 years or above can open an FEMT account at BEA with a deposit of USD5,000 or its equivalent.
Spot Foreign Exchange Contracts can then be bought / sold. No physical movements of funds actually take place during margin trading. When closing your foreign exchange position, the net balance representing your profit or loss is simply credited or charged to your account.
Enquiries
For details, please visit your nearest BEA location. With over 110 branches and SupremeGold Centres, BEA operates one of the largest banking networks in Hong Kong.
FX Margin Hotline : 2211 1633
Website: www.hkbea.com
Remarks
| | Participants should be aware of the risks associated with adverse movements in exchange rates. It is therefore advisable that participants have a good understanding of the foreign exchange market and be able to keep abreast of market developments. The Bank of East Asia, Limited ("BEA") reserves the right to close a position in case of inadequate margin deposit. |
| | When the margin deposit has dropped to 5% of the outstanding position, customers are required to top up the deposits. BEA is not responsible for notifying customers. When a margin deposit has dropped to 3% of the outstanding position, BEA can reduce the gross open position in whole or in part by closing out the outstanding FX contracts in accordance with the size of the floating loss of the FX contracts in descending order, with the largest loss being the first. |
| | Cancellation or amendment of orders and all dealing activities should be conducted through the designated hotline. BEA is not responsible for adjusting a customer"s order against his transaction. |
| Note: | This pamphlet is for general information only and is intended only for distribution to selected BEA customers. It does not constitute an offer, or an invitation to offer, or a recommendation to enter into any transaction. |
| BEA reserves the right to revise the features of the product at any time without prior notice. |
| FX Margin Hotline: 2211 1633 |
| Background 1. BEA"s Expertise in China Incorporated in Hong Kong in 1918, The Bank of East Asia ("BEA") is the largest independent local bank in Hong Kong. Recognising the enormous market potential of China, BEA set up its first China branch in Shanghai in 1920 and has been operating continuously in the country ever since. With more than 80 years" experience in China, BEA is in the best position to provide its clients with one-stop China services. BEA always stands ready to help you succeed in this rapidly expanding market. 2. Pioneering Spirit
3. The Bank of East Asia (China) Limited BEA received approval from the China Banking Regulatory Commission ("CBRC") to establish a locally incorporated bank in China in March 2007. The new bank, named The Bank of East Asia (China) Limited ("BEA (China)"), formally commenced business on 2nd April, 2007. Headquartered in Pudong, Shanghai, BEA (China) serves as BEA"s major banking and financial operation on the mainland. BEA (China) can offer a wider range of banking and financial services to its mainland customers, particularly local residents, and provide greater value to all its customers on the mainland. BEA (China) Website : www.hkbea.com.cn
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| Services
BEA (China) Website : www.hkbea.com.cn |
| Network Our 48 outlets in Greater China offer you a full range of professional banking services.
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| Services
For further information, please contact our Overseas Branch Operations & Development Department in Hong Kong < tel : (852) 3608 0200 fax : (852) 3608 6110 |
Network
Our branches and representative offices around the world stand ready to serve your overseas banking needs.
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| Enquiry Hotline : (852) 3608 0200 Enquiry Email : OsEnquiry@hkbea.com |
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