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The Bank of East Asia (Traditional Chinese: 東亞銀行) (HKSE: 0023) often abbreviated to BEA, is the largest independent chinese bank in Hong Kong. Wikipedia Logo File links The following pages link to this file: Talk:Amino acid Australian Army Boxing Bioterrorism Brick Broadway (Manhattan) Geography of Canada Transportation in Chile Confucius Colorado Rockies Origins beliefs Democracy Document Type Definition Equuleus East Slavic languages Flanders Fifth Monarchy Men Grenada Geyser Harry Potter Information explosion... Traditional Chinese characters are one of two standard character sets of printed contemporary Chinese written language. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ...
It was founded in Hong Kong in 1918 and has grown to a HK$194 billion (US$25 billion) market capitalization. It is listed on the Hong Kong Stock Exchange as BEA. The bank was named the best bank in a poll by The Asset. 1918 was a common year starting on Tuesday (see link for calendar). ... The Hong Kong Dollar is the official currency of the Hong Kong Special Administrative Region of the Peoples Republic of China. ... The United States dollar is the official currency of the United States. ... Market capitalization, often abbreviated to market cap, is a business term that refers to the overall value of a companys stock. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ...
BEA has acquired United Chinese Bank and First Pacific Bank. First Pacific Bank (traditional Chinese: 第一太平銀行) was a bank based in Hong Kong. ...
Its Chairman and Chief Executive is The Hon. Dr. Sir David Li Kwok-po.
The bank says that after the sharpest global slowdown in almost 30 years last year, economic recovery has started, beginning in the United States and EastAsia.
Sydney-based analyst IMA Asia, in its March global outlook, opted for a growth prediction of 0.9 percent for Japan next year, and for Asia ex-Japan to grow at 6.3 percent.
China is a big component of this, with IMA Asia forecasting a 7.9 percent growth rate in 2003 for China.
Fourteen years were to go by before Deutsche Bank again returned to EastAsia: within the framework of its participation in Deutsch-Asiatische Bank, which was founded with headquarters in Shanghai in 1889 by a syndicate of renowned stock corporation banks and private bankers.
The bank's principal activity was trade financing; but together with English and French banks, it also played an outstanding role in the underwriting of bonds for the Chinese government and in the financing of railway construction in China.
One after the other, the partner banks withdrew from their participations, and starting from the end of 1986 the bank was called "Deutsche Bank (Asia)", which was then merged into Deutsche Bank in 1987-88 with the 14 branches it had at that time.
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