Shanghai,4th August, 2017,The Bank of East Asia (China) Limited (“BEA China”) and Midea Property held signing ceremony of HQ-to-HQ strategic partnership. Mr. Cartier Lam Chi-man, Executive Director & Chief Executive of BEA China, and Mr. He Hengle, President of Midea Property attended and inked strategic partnership agreement. Based on current cooperation, both sides will create a new situation of “strategic partnership, joint development, mutual benefit” in core business sectors and major business directions of BEA China.

Mr. Cartier Lam Chi-man said, “Bank-enterprise strategic partnership can fully demonstrate the comprehensive service competitiveness of BEA China, take advantage of synergy between BEA China and BEA(HK)H.O. to provide quality, efficient, innovative, professional financial services for signatory groups, and open up a new chapter of bank-enterprise cooperation in greater depth.”

Recently, BEA China has signed HQ-to-HQ strategy partnership agreement with large enterprises such as China Aoyuan Property Group Co., Ltd., Agile Group Holdings Limited, ? International Financial Holdings Group Limited (HIFC). BEA China will provide quality financial services for the above-mentioned corporate clients to achieve bank-enterprise partnership and work for joint progress.

The head office of BEA China - the Bank of East Asia, Limited ("BEA") was incorporated in 1918. BEA established its wholly-owned, locally-incorporated subsidiary bank, BEA China, in early 2007. So far BEA China operates one of the largest networks of any foreign bank on the mainland; Midea Property, a comprehensive modern enterprise, possesses countrywide business scope including upmarket residences, quality office buildings, five-star hotels, various types of business centers, large tourist and healthy resorts etc.

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About BEA China

Headquartered in Shanghai, The Bank of East Asia (China) Limited ("BEA China") was one of the first foreign banks to receive approval from the China Banking Regulatory Commission to establish a locally-incorporated bank in Mainland China. Leveraging its deep insights into the China market as well as BEA (HK) Head Office's banking expertise in Hong Kong and overseas, BEA China offers a wide range of banking and financial services to customers. BEA China operates one of the largest networks of any foreign bank in Mainland China.

About The Bank of East Asia, Limited

Incorporated in Hong Kong in 1918, The Bank of East Asia, Limited ("BEA") is Hong Kong's largest independent local bank, with total consolidated assets of HK$765.7 billion (US$98.7 billion) as of 31st December, 2016. Listed on The Stock Exchange of Hong Kong Ltd, the Bank is one of the constituent stocks of the Hang Seng Index.

BEA Group operates an extensive service network, with over 220 outlets covering Hong Kong, other parts of the Greater China region, South East Asia, Britain and America. BEA is dedicated to providing comprehensive corporate banking, personal banking, wealth management, and investment services to customers. For details of our services, please visit any BEA branch or our websitewww.hkbea.com.

For press enquiries, please contact:
Marketing & Communications Department
The Bank of East Asia (China) Limited
Tel.: (86) 21 3866 3866