About The Bank of East Asia

The Bank of East Asia, Limited (BEA) and its subsidiaries are engaged in the provision of banking and related financial services. The company provides a comprehensive range of wholesale banking, personal banking, wealth management, and investment services to customers throughout Greater China and beyond. The bank maintains one of the largest retail networks in Hong Kong, with full-service branches; SupremeGold and SupremeGold Private Centres for affluent and premium affluent customers respectively; and extended-hour i-Financial Centres conveniently located throughout the city. In Mainland China, BEA's wholly-owned subsidiary, The bank of East Asia (China) Limited operates one of the most extensive networks of any foreign bank in China, with outlets in 38 cities nationwide. Overseas, the bank maintains an active presence in Southeast Asia, the United Kingdom, and the United States. Worldwide, BEA serves customers through outlets. Investment Securities The company's investment securities are debt investment securities, and debt and equity investment securities. Strategic Priorities Following the sale of the company's life insurance business to AIA Group Limited in 2021, the company partnered with AIA Group again in 2022 on the sale of Blue Cross (Asia-Pacific) Insurance Limited and Blue Care JV (BVI) Holdings Limited. Through the company's 15-year exclusive bancassurance partnership with AIA, the company offers a full range of AIA insurance products to its clients. Business Segments Hong Kong Operations Hong Kong operations include Hong Kong banking business and other business operations, dividing into the following six reportable segments. Personal Banking includes branch operations, personal internet banking, consumer finance, property loans and credit card business to individual customers in Hong Kong. Wholesale Banking includes corporate lending and loan syndication, asset based lending, commercial lending, securities lending and trade financing activities with correspondent banks and corporates in Hong Kong. Treasury Markets include treasury operations and securities dealing in Hong Kong. Wealth management includes private banking business, investment products and advisory and securities and futures broking in Hong Kong. Centralised operations include supporting units of banking operations in Hong Kong. Others mainly include insurance business and trust business carried out by subsidiaries operating in Hong Kong and other supporting units of Hong Kong operations located outside Hong Kong. Mainland Operations Mainland China operations mainly include the back office unit for Mainland China operations in Hong Kong, all subsidiaries and associates operating in Mainland China, except those subsidiaries carrying out data processing and other back office operations for Hong Kong operations in Mainland China. Overseas Operations Overseas operations mainly include the back office unit for overseas banking operations in Hong Kong, Macau Branch, Taiwan Branch and all branches, subsidiaries and associates operating overseas. History The Bank of East Asia, Limited was founded in 1918. The company was incorporated in 1918.