Bank of East Asia (China) Limited (“BEA China”, “the Bank”) strives to offer a comprehensive range of banking and wealth management services through an intuitive and dynamic digital experience. Leveraging more than a century of professional banking expertise from its Hong Kong parent bank, The Bank of East Asia, Limited (“BEA”), and its cutting-edge digital innovation, BEA China is strategically reshaping its banking business. wealth management in mainland China. The Bank’s new Mobile Banking application constitutes a crucial step in this transformation journey.
Incorporated in Hong Kong in 1918, BEA is a leading global bank listed on the Hong Kong Stock Exchange and operates one of the largest local branch networks. In mainland China, BEA’s presence dates back to the opening of the bank’s Shanghai branch in 1920. BEA has an extensive network of approximately 130 sales outlets in China, Southeast Asia, the Kingdom -United and United States. Headquartered in Shanghai, BEA China is one of the first locally incorporated foreign banks in mainland China and operates one of the largest networks among its foreign banking peers.
One-stop cross-border banking
BEA China’s Mobile Banking application provides centralized cross-border financial services, tailored to the sophisticated needs of diverse and globally oriented customers.
Key features include secure global money transfer networks, same-day express transfers to BEA Hong Kong accounts, foreign currency term deposits and real-time foreign exchange services in 11 currencies. Notably, the Bank’s cutting-edge “Mobile Banking Remuneration FX” service enables eligible international customers based in China to convert and transfer their income earned in China into foreign currencies via Mobile Banking, flexibly within quotas valid for one full year after approval.
Comprehensive global investment resources
Through the Mobile Banking application, users can access a wide range of global investment products offered through BEA China’s QDII service, from leading asset management companies such as JP Morgan, BlackRock, Janus Henderson, Schroders and BEA Union Investment.
Additionally, BEA China has partnered with world-renowned investment research firm Morningstar to integrate its extensive research data into the Mobile Banking app. In addition to viewing and selecting top-performing domestic and international products online, customers can easily access related multi-dimensional information using the application, including investment styles and historical performance data, to make more informed investment decisions. The Morningstar Style Box is a particularly valuable tool, allowing clients to quickly identify a fund’s investment style.
Improved digital experience
Wealth management is becoming an increasingly digital experience in China, and BEA China has built an enhanced, user-centric digital environment that prioritizes ease of use. The Bank incorporated extensive research and user feedback into the design, resulting in a simpler, more dynamic and easier-to-navigate interface. Additionally, the app is equipped with a senior-friendly interface, with larger fonts and smoother visuals, and supports Chinese and English.
To further enrich the digital experience, the Bank has collaborated with premium content creators to provide engaging and relevant information on local lifestyles and topics related to health and wellness.
Innovation backed by a century of experience
As China expands its global connections, Chinese residents and expats are increasingly demanding more integrated financial and wealth management services. Leveraging the strong global network and over a century of professional banking expertise of BEA, its parent company in Hong Kong, BEA China offers its clients exceptional cross-border financial solutions to meet their banking needs in the country and abroad.
