Is the Bank of East Asia a formal bank?

The Bank of East Asia is a formal bank. Bank of East Asia (China) Co., Ltd. is one of the first wholly-owned subsidiary foreign-funded corporate banks registered in the Mainland with the approval of China Banking Regulatory Commission.

1. Bank of East Asia was established in Hong Kong, China on 19 18, and has been committed to providing comprehensive retail and commercial banking services to customers in China, Hong Kong, China and other major markets around the world. 20 1 February 3, 91day, the total consolidated assets of Bank of East Asia reached HK$ 865.2 billion (1,11US$ 100 million).

2. The Bank of East Asia is listed on the Hong Kong Stock Exchange. At present, it has 70 branches, 54 wealth management centers of excellence and 1 1 i- wealth management centers in Hong Kong, and its network is one of the largest in Hong Kong. From July 20 19 1 day, Li Minqiao and Li Minbin became co-CEOs.

3. With the strong support of CBRC, Bank of East Asia (China) Co., Ltd. was formally established in 2007, becoming one of the first foreign banks registered as corporate banks in the Mainland. At present, China in East Asia has set up branches in 44 cities across the country, making it one of the banks with the largest amount of Hong Kong capital. In 2002, the mainland launched the "electronic network banking service" for individual customers, and in early 2004, the mainland also launched the "enterprise electronic network banking service", which provided a unique, convenient and reliable electronic financial management solution for mainland enterprise customers.

4. In terms of international business, Bank of East Asia acquired Great National Bank on 200 1, expanded the group's banking business on the west coast of the United States, and renamed this subsidiary bank as Bank of East Asia (USA) Co., Ltd. in 2002; In 2003, the head office of the Bank of East Asia moved from California to new york and opened its first branch in new york.