Bank of East Asia

BEA Marks the Inauguration of BEA Tower in Qianhai

Retrieved on: 
Friday, January 12, 2024
Committee, BEA, Liaison Office, Kerry Properties, Bank of East Asia, Republic, Government, HKSAR, Fintech, Bank, City, Insurance, Hoxhaism, Ecosystem, Communist party, CPC, United Front Work Department, Economic development, GBA, Hong Kong Monetary Authority, Tutoring

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").  The occasion coincides with the Bank's 105th anniversary, marking a significant milestone in BEA's century-long development on the Chinese Mainland and its dedication to the GBA's development.

Key Points: 
  • HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").
  • BEA Tower is located in the Qianhai Shenzhen-Hong Kong Cooperation Zone.
  • Mr. Adrian Li, Co-Chief Executive of BEA, commented, "The official inauguration of BEA Tower represents a milestone for our business development in the region.
  • Mr. Brian Li, Co-Chief Executive of BEA, said, "BEA has always been a supporter of the continuous development of Qianhai.

BEA Marks the Inauguration of BEA Tower in Qianhai

Retrieved on: 
Friday, January 12, 2024
Committee, BEA, Liaison Office, Kerry Properties, Bank of East Asia, Republic, Government, HKSAR, Fintech, Bank, City, Insurance, Hoxhaism, Ecosystem, Communist party, CPC, United Front Work Department, Economic development, GBA, Hong Kong Monetary Authority, Tutoring

HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").  The occasion coincides with the Bank's 105th anniversary, marking a significant milestone in BEA's century-long development on the Chinese Mainland and its dedication to the GBA's development.

Key Points: 
  • HONG KONG, Jan. 12, 2024 /PRNewswire/ -- The Bank of East Asia, Limited ("BEA" or the "Bank") today celebrated the inauguration of BEA Tower in Qianhai, its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").
  • BEA Tower is located in the Qianhai Shenzhen-Hong Kong Cooperation Zone.
  • Mr. Adrian Li, Co-Chief Executive of BEA, commented, "The official inauguration of BEA Tower represents a milestone for our business development in the region.
  • Mr. Brian Li, Co-Chief Executive of BEA, said, "BEA has always been a supporter of the continuous development of Qianhai.

"BEA x Blue Cross 2023 Hong Kong Open Fencing Championships" set to launch this Weekend

Retrieved on: 
Thursday, November 23, 2023
HKD, Bank, Athlete, Blue Cross, AsiaWorld–Expo, Championship, BEA, HKFA, Bank of East Asia, Sport, Hall

A fitting finale to this year's local fencing tournaments, bringing over a thousand Hong Kong and overseas elite fencers under one roof

Key Points: 
  • A fitting finale to this year's local fencing tournaments, bringing over a thousand Hong Kong and overseas elite fencers under one roof
    HONG KONG, Nov 23, 2023 - (ACN Newswire) - The "BEA x Blue Cross Insurance 2023 Hong Kong Open Fencing Championships", the climactic final week of Hong Kong's fencing competitions, will be held with great fanfare on 25th and 26th November, 2023.
  • We would like to express our gratitude to the BEA, Blue Cross and Hong Kong Government for their unwavering support in promoting the development of fencing in Hong Kong, including their strong support for the Hong Kong Open Fencing Championships.
  • For fencers of Hong Kong team, the Hong Kong Open Fencing Championships can be regarded as a warm-up match for next year's Fencing Grand Prix, in preparation for winning Olympic tickets."
  • Ms. Bonnie Tse, Chief Executive Officer of Blue Cross, stated, "This year marks Blue Cross's eighth consecutive year as the title sponsor of the 'Hong Kong Open Fencing Championships'.

Winners of the 2023 BAI Global Innovation and Rising Star Awards Announced

Retrieved on: 
Monday, October 23, 2023
Technology, Finance, Security, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Data Management, Bank, Innovation, Assistant, Commerce, Bank of East Asia, Organization, Creativity, Development, Senior, Risk management, BAI, Learning development, Citizens Financial Group, Film industry, Management

BAI has named ten financial services companies from around the world as winners of the 2023 BAI Global Innovation Awards.

Key Points: 
  • BAI has named ten financial services companies from around the world as winners of the 2023 BAI Global Innovation Awards.
  • BAI also honored ten individuals and two teams with a BAI Rising Star Award.
  • (Turkey): Yapı Kredi FRWRD
    For the second year, BAI also honored ten individuals and two teams with the BAI Rising Star Award.
  • The 2023 BAI Rising Star Individual Award Winners are:
    Jacob Payne (USA), Assistant Vice President, Learning & Development Manager – PrimeLending
    Jennifer Upton (USA), Senior Vice President, Manager of Strategy and Innovation – Commerce Bank
    Ross Pringle (USA), Head of Strategy, Digital Innovation & Change – Citizens Financial Group
    The 2023 BAI Rising Star Team Award Winners are:
    For more information about the winners and their innovations, visit BAI Global Innovation Awards.

BEA Victorious at the 11th Global Brand Awards

Retrieved on: 
Tuesday, October 3, 2023
Digital card, Bank, Hope, BEA, Bank of East Asia, Tertiary Education Quality and Standards Agency

LONDON, Oct. 3, 2023 /PRNewswire/ -- The Bank of East Asia, Limited ('BEA') has taken home three Hong Kong awards at the prestigious 2023 Global Brand Awards. It won Best Personal Banking Brand, Best New Digital Banking Product (BEA GOAL), and Best Banking Product (Virtual Card) on the back of its commitment to customer service and innovation, evidenced by its exceptional banking experiences, cutting-edge digital solutions, and pioneering virtual card offerings. This remarkable achievement solidifies the bank's leadership in the industry, setting new standards for customer-centric services and ground-breaking innovations.

Key Points: 
  • LONDON, Oct. 3, 2023 /PRNewswire/ -- The Bank of East Asia, Limited ('BEA') has taken home three Hong Kong awards at the prestigious 2023 Global Brand Awards.
  • This remarkable achievement solidifies the bank's leadership in the industry, setting new standards for customer-centric services and ground-breaking innovations.
  • Mr. Jay Reddy, Director of Global Brands Magazine , commented, "BEA's remarkable achievement, underlining its commitment to innovation and customer service excellence, deserves special recognition.
  • In an industry where many banks hesitate to embrace change, BEA stands out for its unwavering pursuit of excellence, which clearly reflects in its well-deserved win of three prestigious awards.

Finalists Announced for the 2023 BAI Global Innovation Awards

Retrieved on: 
Monday, October 2, 2023
Environmental, Social and Governance (ESG), Security, Data Management, Technology, Socially Responsible Investing, Finance, Fintech, Banking, Apps, Applications, Professional Services, Asset Management, Artificial Intelligence, Digital Cash Management, Digital Assets, Payments, Software, BAI, Artificial intelligence, Organization, ESG, Bank, Bank of East Asia, Cryptocurrency, Pension fund

BAI announced the finalists for the 13th Annual BAI Global Innovation Awards, the financial services industry’s leading innovation honor, celebrating organizational achievements.

Key Points: 
  • BAI announced the finalists for the 13th Annual BAI Global Innovation Awards, the financial services industry’s leading innovation honor, celebrating organizational achievements.
  • The 2023 BAI Global Innovation Award finalists are:
    The Bank of East Asia, Limited (China): BEAST
    The Bank of East Asia, Limited (China): Intelligence-Led Financial Crime Prevention
    Standard Bank (South Africa): The ESG Marketplace, via One Hub
    Yapı ve Kredi Bankası A.Ş.
  • These 22 companies represent some of the best solutions that positively impact their business and customers,” said Amy Radin, financial services innovation executive, award-winning author, and lead judge of the 2023 BAI Global Innovation Awards.
  • To learn more, please visit BAI Global Innovation Awards.

AM Best Affirms Credit Ratings of Blue Cross (Asia-Pacific) Insurance Limited

Retrieved on: 
Friday, September 15, 2023
Banking, Professional Services, Insurance, Finance, Communication, AM Best, Partnership, Bank of East Asia, ALL, Blue Cross, Risk management, Credit, AIA Group, HKD, Bank, AM, News, AIA, Limited, Blue

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross or the company) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross or the company) (Hong Kong).
  • It also incorporates the rating enhancement that Blue Cross receives from its ultimate parent, AIA Group Limited (AIA).
  • Blue Cross’ risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), remained at the strongest level as of year-end 2022.
  • AM Best expects Blue Cross’ risk-adjusted capitalisation to remain supportive of the very strong balance sheet strength assessment over the short to intermediate term.

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

Retrieved on: 
Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Daiwa Securities Group, Face, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Deleveraging, Sale, Goldman Sachs, Agricultural Bank of China, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, News, Risk management, Renewable energy, Security (finance), Fosun International

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

Positive Revision! Fosun's Ratings Affirmed by S&P

Retrieved on: 
Wednesday, May 31, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, HKEX, Agricultural Bank of China, FTG, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, Security (finance), Risk management, Fosun International

HONG KONG, May 31, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.

Positive Revision! Fosun's Ratings Affirmed by S&P Global Ratings

Retrieved on: 
Tuesday, May 30, 2023
HSBC, China Construction Bank, Exim Bank, Bank of Communications, S&P Global, Industrial and Commercial Bank of China, Bank of China, Hang Seng Bank, China Minsheng Bank, Club Med, Bank of East Asia, Communication, Agricultural Bank, Commercial bank, Shanghai Pudong Development Bank, Commerzbank, Sale, HKEX, Agricultural Bank of China, FTG, Standard Chartered, Bank, Relaxation, Industrial, S&P Global Ratings, Security (finance), Risk management, Fosun International

HONG KONG, May 30, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.
  • Amid a challenging global financial backdrop, Fosun's credit indicators assigned by international institutions such as S&P Global Ratings still hold firm thanks to its steadfast implementation of the strategy of "streamlining the organization".