Bank of East Asia (China) Limited (“BEA China”, the “Bank”) seeks to provide a comprehensive range 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, Bank of East Asia Limited (“BEA”), and its industry-leading digital innovation, BEA China is strategically reshaping its wealth management business in mainland China. The bank’s recently launched mobile banking application is a pivotal step in this transformation journey.
Founded in Hong Kong in 1918, BEA is a leading global bank listed on the Hong Kong Stock Exchange and operates one of the largest local branch networks. BEA Bank’s presence in mainland China dates back to the opening of the bank’s branch in Shanghai 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 domestically integrated foreign banks on the Chinese mainland, and operates one of the largest networks among its foreign banking counterparts.
One-stop cross-border banking
The BEA China mobile banking app provides comprehensive, cross-border financial services, tailored to meet the evolving needs of diverse, globally minded customers.
Key features include secure global remittance networks, fast same-day transfers to BEA accounts in Hong Kong, foreign currency term deposits, and real-time foreign exchange services in 11 currencies. It is worth noting that the bank’s industry-leading “FX Mobile Banking Rewards” service allows eligible international customers residing in China to flexibly convert and convert income earned in China into foreign currencies through mobile banking, within quotas valid for one year. Complete 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 managers such as JP Morgan, BlackRock, Janus Henderson, Schroders and BEA Union Investment.
Furthermore, BEA China has partnered with world-renowned investment research firm Morningstar to integrate its comprehensive research data into the mobile banking app. In addition to viewing and selecting high-performing local and global products online, clients can easily access multi-dimensional insights relevant to using the app, including investment patterns and historical performance data, to make more informed investment decisions. The Morningstar Style Box is a particularly valuable tool, enabling clients to quickly learn about a fund’s investment style.
Enhanced digital experience
Wealth management is becoming an increasingly digital experience in China, and BEA China has built an evolving user-centric digital environment that prioritizes ease of use. The bank 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 user-friendly interface that features larger fonts and smoother visuals, and supports both Chinese and English languages.
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 expands its global connections, there is increasing demand from Chinese residents and expatriates for more integrated financial and wealth management services. Leveraging BEA’s strong global network and over a century of professional banking experience, BEA China, the parent company in Hong Kong, provides exceptional cross-border financial solutions to its clients for their banking needs at home and abroad.
