The Bank of East Asia (China) Limited (“BEA China”) announced today that it will donate RMB 3 million to the Red Cross Society of China Wuhan Branch in support of the fight against the novel coronavirus outbreak.

The donation will be used to help purchase essential medicines, protective clothing, goggles and other medical supplies, and support front-line medical staff, so as to provide protection and support for medical workers in the city.

In addition, with the encouragement of the regulators, BEA China has rallied to the cause by introducing a series of temporary special policies for Hubei province, the epicentre of the outbreak. These include exemption from service fees on all transfers to enterprises and individuals in Hubei province; appropriate extensions to payment deadlines for enterprises and individual customers in Hubei province; exemption from service fees on transfers and wealth management products for individual customers in Hubei province; and provision of financial assistance to enterprise clients in Hubei province. (Any queries should be directed to the customer hotline at 95382.)

Incorporated in Hong Kong in 1918, the Bank of East Asia, Limited (“BEA”) has maintained a presence in Chinese Mainland since the opening of its first branch in Shanghai in 1920. Established in 2007, its wholly-owned, locally-incorporated banking subsidiary BEA China was one of the first foreign banks to obtain regulatory approval for establishment on the Mainland. As a Hong Kong-originated bank firmly established in the Mainland, BEA China has continued to fulfil its corporate social responsibility since its establishment. BEA China is ready to do its utmost and stand together with Wuhan against this invisible enemy.