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The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong public banking and financial services company headquartered in Central, Hong Kong. It is currently the largest independent local Hong Kong bank, and one of two remaining family-run Hong Kong banks, with the other being Dah Sing Bank .
Founder BEA Trust was a subsidiary of Founder Group for 70.01% stake, with Bank of East Asia owned 19.99%. The third largest shareholder was Wuhan Financial Holdings Group , a company owned by Wuhan Municipal People's Government [ zh ] , for 10% stake. [ 2 ]
BEA Finance Tower is a 198-metre skyscraper in Lujiazui, Shanghai. Bank of East Asia locates its Mainland China headquarter here, with lower levels for other companies. The building is formerly called Gaobao Finance Tower, but later changed its name at the end of 2008.
Taiwan President Lai Ching-te, speaking in Taipei on Monday to Taiwanese companies who have invested in China, said the government will maintain friendly policies to support those firms who wish ...
The younger brother of Li Koon-chun, Li Tse-fong was one of the first graduates of the University of Hong Kong and worked in his father's rice and shipping business. After founding the Bank of East Asia in 1918, he was also a director of the China Emporium, China Provident Co. Ltd., Green Island Cement Co., Ltd.
In 1918, Li's grandfather, Li Koon-chun, along with his great-uncle, founded the Bank of East Asia, the first Chinese-owned bank in the territory. [2] His father, Li Fook-shu, was a director of the Bank of East Asia, an Unofficial member of the Legislative Council and council member of the Chinese University of Hong Kong.
In June 2009, ICBC spent 80.25 million Canadian dollars (US$58.53 million) to acquire a 70% stake in the Bank of East Asia (BEA). [31] By the end of 2009, the number of credit cards issued exceeded 52 million, a 33% increase equivalent to nearly 13 million cards compared to the previous year.
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