The Bank of East Asia (China) Limited (“BEA China”, “the Bank”) strives to offer a comprehensive suite of banking and wealth management services through an intuitive and dynamic digital experience. Leveraging over a century of professional banking expertise from its Hong Kong parent bank, The Bank of East Asia, Limited (“BEA”), and its industry-leading digital innovation, BEA China is strategically reshaping its wealth management business in the Chinese Mainland. The Bank’s newly launched Mobile Banking App is a pivotal step of this transformation journey.
Incorporated in Hong Kong in 1918, BEA is a leading global bank listed on The Stock Exchange of Hong Kong, and operates one of the largest local branch networks. In the Chinese Mainland, BEA’s presence dates back to the opening of the Bank’s Shanghai branch in 1920. BEA has an extensive network of approximately 130 outlets in China, Southeast Asia, the United Kingdom, and the United States. Headquartered in Shanghai, BEA China is one of the first locally-incorporated foreign banks in the Chinese Mainland, and operates one of the largest networks among foreign banking peers.
One-stop Cross-Boundary Banking
BEA China’s Mobile Banking App provides one-stop cross-boundary financial services, tailored to the sophisticated needs of diverse, globally minded clients.
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 China-based international customers to convert and remit income earned in China into foreign currencies through Mobile Banking, flexibly within quotas valid for a full year after approval.
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 J.P. Morgan, BlackRock, Janus Henderson, Schroders, and BEA Union Investment.
Furthermore, BEA China has partnered with the globally 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 insights using the app, including investment styles and historical performance data, to make more informed investment decisions. The Morningstar Style Box is a particularly valuable tool, enabling customers to quickly identify a fund’s investment style.
Enhanced Digital Experience
Wealth management is becoming an increasingly digital experience in China, and BEA China has built an upgraded, user-centric digital environment that prioritises ease of use. The Bank has incorporated extensive research and user feedback into the design, resulting in a simpler, more vibrant, and easier to navigate interface. In addition, the app is equipped with a senior-friendly interface featuring larger fonts and smoother visuals, and supports both 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 health and wellness topics.
Innovation Backed by a Century of Experience
As China broadens global connections, there is an increasing 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 expertise of BEA, its Hong Kong parent, BEA China delivers exceptional cross-boundary financial solutions for its customers to meet their banking needs at home and abroad.
