The Bank of East Asia (China) Limited (“BEA China”, the “Bank”) is committed to offering a comprehensive suite of banking and wealth management services through an intuitive and dynamic digital experience. Leveraging more than a century of professional banking experience from its parent bank in Hong Kong, The Bank of East Asia, Limited (“BEA”), as well as industry-leading digital innovation, BEA China is strategically reshaping its asset management business in Mainland China. The Bank’s recently launched Mobile Banking app is a key step towards transformation.
BEA, incorporated in Hong Kong in 1918, 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 began with the opening of the Bank’s branch in Shanghai in 1920. BEA has an extensive network of approximately 130 branches in China, Southeast Asia, the UK and the US. BEA China, headquartered in Shanghai, is one of the first foreign banks to be incorporated in mainland China and operates one of the largest networks of foreign peer banks.
Universal cross-border banking
BEA China’s mobile banking app provides one-stop cross-border financial services tailored to the complex needs of diverse, globally minded customers.
Key features include secure global remittance networks, same-day express transfers to BEA Hong Kong accounts, foreign currency time deposits and real-time foreign exchange services in 11 currencies. Notably, the Bank’s industry-leading Mobile Banking Remuneration FX service allows eligible Chinese international customers to convert and remit earnings earned in China into foreign currencies through mobile banking, flexibly within quotas valid for a full year after statements.
Comprehensive Global Investment Resources
Through the Mobile Banking app, users can access a wide range of global investment products offered through BEA China’s QDII service from leading asset management firms such as JP Morgan, BlackRock, Janus Henderson, Schroders and BEA Union Investment.
In addition, BEA China has partnered with world-renowned investment research firm Morningstar to integrate its extensive research data into the Mobile Banking application. In addition to browsing and selecting the best performing domestic and international products online, clients can easily access relevant multi-dimensional information through the app, including investment styles and historical performance data, to make more informed investment decisions. The Morningstar Style Box is a particularly valuable tool that allows clients to quickly determine a fund’s investment style.
Enhanced Digital Experience
Asset management in China is becoming an increasingly digital experience, and BEA China has created a streamlined, user-centric digital environment that prioritizes ease of use. The bank incorporated extensive research and user feedback into its design, resulting in a simpler, brighter and easier-to-navigate interface. In addition, the app features a senior-friendly interface with larger fonts and smoother graphics, and supports Chinese and English languages.
To further enrich the digital experience, the Bank has partnered with premium content creators to provide engaging and relevant information on local lifestyles and health and wellness topics.
Innovation backed by centuries of experience
As China expands global connectivity, there is growing demand from Chinese residents and expats for more integrated financial and wealth management services. Leveraging the strong global network and over a century of professional banking experience of BEA, its parent company in Hong Kong, BEA China provides its customers with exceptional cross-border financial solutions to meet their banking needs at home and abroad.
