Bank of East Asia

Asia Allied Infrastructure Concludes HK$1.1 Billion 3-Year Term Loan Agreement

Retrieved on:

Tuesday, March 14, 2023

China Construction Bank (Asia), Rest, AAI, Bank of Shanghai, Chun, Bank, Motherboard, Bank of East Asia, Chong Hing Bank, CMB, Main Board for Serb Liberation, Hong Kong Stock Exchange, Financial services, Property management, Limited

HONG KONG, Mar 14, 2023 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure", "AAI", or "the Group") (stock code: 00711) is pleased to announce that it has entered into a HK$1.1 billion term loan agreement with 6 banks.

Key Points:

HONG KONG, Mar 14, 2023 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure", "AAI", or "the Group") (stock code: 00711) is pleased to announce that it has entered into a HK$1.1 billion term loan agreement with 6 banks.
Part of the loan will be used to refinance the loan portfolio of the Group, while the rest will be used to support future operations and development.
Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, said, "We would like to express our sincere appreciation to the banks for their continual trust and support to AAI, it means a lot to us.
Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)
Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711.

16 Major Banks Gathered at Edianyun - Building Momentum in China's IT Remanufacturing

Retrieved on:

Saturday, March 11, 2023

SME, Bank, Bank of East Asia, Carbon, Digital technology, Taipei Fubon Bank, Hope, RMB, Xiamen International Bank, Cryptocurrency, Retail, Yu Xuanji

Sixteen major banks in China, including Xiamen International Bank and Bank of East Asia, attended the meeting under the leadership of Fubon Bank.

Key Points:

Sixteen major banks in China, including Xiamen International Bank and Bank of East Asia, attended the meeting under the leadership of Fubon Bank.
Ji Pengcheng, Founder and CEO of Edianyun, Zhang Bin, Co-founder and COO of Edianyun, and Ma Xiliang, President of Fubon Bank Beijing Branch, were present.
"I have been looking forward to this event and hope to continue the friendly cooperation with other banks on the project of Edianyun.
As we advance, Edianyun will deepen its cooperation with major banks to jointly explore the broad office IT market, truly help SMEs, and boost China's office IT industry!

AM Best Removes From Under Review With Positive Implications, Upgrades Issuer Credit Rating of Blue Cross (Asia-Pacific) Insurance Limited

Retrieved on:

Thursday, March 9, 2023

AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong).

Key Points:

AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong).
It also incorporates the rating enhancement that Blue Cross receives from AIA.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Universal Digital Payments Network (UDPN) is launched to support seamless digital payments across multiple central bank digital currencies and regulated stablecoins

Retrieved on:

Wednesday, January 25, 2023

DLT, Use case, GFT, FX, Piper, Deutsche Bank, Akbank, Bank of East Asia, Community business development corporation, Bank, DLA, Pocs, Standard Chartered, HSBC, Party, DLA Piper, Engineering, Cryptocurrency

DAVOS, Switzerland, Jan. 25, 2023 /PRNewswire/ -- Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.

Key Points:

DAVOS, Switzerland, Jan. 25, 2023 /PRNewswire/ -- Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.
The UDPN has the potential to drive down the cost of digital payments and accelerate adoption by banks and businesses of all sizes.
"The purpose of UDPN is to investigate a potential alternative to existing payments systems by enabling interoperability between fiat-backed tokens of stablecoins and regulated protocols," said Marika Lulay, CEO of GFT.
"The decentralised approach and geographic breadth of participating firms, combined with the advanced technological solution deployed for these trials, set this network apart."

Universal Digital Payments Network (UDPN) is launched to support seamless digital payments across multiple central bank digital currencies and regulated stablecoins

Retrieved on:

Wednesday, January 25, 2023

DAVOS, Switzerland, Jan. 25, 2023 /PRNewswire/ -- Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.

Key Points:

DAVOS, Switzerland, Jan. 25, 2023 /PRNewswire/ -- Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies.
The UDPN has the potential to drive down the cost of digital payments and accelerate adoption by banks and businesses of all sizes.
"The purpose of UDPN is to investigate a potential alternative to existing payments systems by enabling interoperability between fiat-backed tokens of stablecoins and regulated protocols," said Marika Lulay, CEO of GFT.
"The decentralised approach and geographic breadth of participating firms, combined with the advanced technological solution deployed for these trials, set this network apart."

Bank of East Asia selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Retrieved on:

Wednesday, November 9, 2022

The Bank of East Asia, Limited (BEA), a leading Hong Kong-based financial services group listed on The Stock Exchange of Hong Kong, has chosen to implement award-winning regulatory reporting software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR).

Key Points:

The Bank of East Asia, Limited (BEA), a leading Hong Kong-based financial services group listed on The Stock Exchange of Hong Kong, has chosen to implement award-winning regulatory reporting software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR).
OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwers Regulatory Update Service.
With its local expertise and global strength, Wolters Kluwer provides us the regulatory reporting solution that meets our needs, said Mr. Tong Hon-shing, Deputy Chief Executive & Chief Operating Officer of BEA.
Wolters Kluwers GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations.

MyyShop Wins the "Fastest Growing Global Social Commerce SaaS Platform" at the Global Brand Awards 2022 by Global Brands Magazine

Retrieved on:

Tuesday, November 1, 2022

GMV, Publication, CEO, Software as a service, Knowledge, Bank of East Asia, MSME-Champions, DHgate.com, URL, View, Social commerce, Millennials, Bank, Muang Thai Life Assurance, Multimedia, Intelligence, Power, Social media, Online shopping

retail social commerce sales will rise by 24.9% to $45.74 billion in 2022. Insider Intelligence projects social commerce sales will reach $79.64 billion in the U.S. by 2025.

Key Points:

retail social commerce sales will rise by 24.9% to $45.74 billion in 2022. Insider Intelligence projects social commerce sales will reach $79.64 billion in the U.S. by 2025.
However, while influencers have the demands, many lack the knowledge to start and run an e-commerce business or access matching products.
Headquartered in the UK, Global Brands Magazine is one of the world's most significant brand publications that provides the reader with the latest information on global brands in terms of their social and economic importance to the world.
"Thanks Global Brands Magazine for recognition, we are honored to receive this award" said Diane Wang, Founder, Chairperson, and CEO of DHGATE Group.

AM Best Revises Under Review Status to Positive for Credit Ratings of Blue Cross (Asia-Pacific) Insurance Limited

Retrieved on:

Friday, September 9, 2022

Insurance, Professional Services, AIA Group, Bank, Insurance, Credit, BEA, ALL, Blue Cross, AM, Bank of East Asia, Risk management, Communication, News, AM Best, AIA, Industry, Review, Limited, Blue

The Credit Ratings (ratings) reflect Blue Cross balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

Key Points:

The Credit Ratings (ratings) reflect Blue Cross balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Vornado Completes $3.2 Billion of Refinancings

Retrieved on:

Tuesday, July 5, 2022

NEW YORK, July 05, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has recently completed four refinancings totaling $3.2 billion.

Key Points:

NEW YORK, July 05, 2022 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has recently completed four refinancings totaling $3.2 billion.
On June 30, 2022, Vornado Realty L.P. extended one of its two unsecured revolving credit facilities from March 2024 to December 2027, as fully extended.
On June 30, 2022, Vornado extended the maturity date of its $800million unsecured term loan from February2024 to December2027.
On June 28, 2022, Vornado completed a $700million refinancing of 770 Broadway, a 1.2million square foot Class A Manhattan office building.

The Bank of East Asia wins big at the Global Brands Magazine Awards

Retrieved on:

Tuesday, April 12, 2022

Customer experience, City, BEA, GBM, Bank, Bank of East Asia, CEO, Shanghai Stock Exchange, Shivkumar Sharma, Felicitation, Stock exchange, US, Social media, Tutoring

LONDON, April 12, 2022 /PRNewswire/ --The Global Brand Awards is an annual event held by Global Brands Magazine (GBM), an international publication headquartered in the UK.

Key Points:

LONDON, April 12, 2022 /PRNewswire/ --The Global Brand Awards is an annual event held by Global Brands Magazine (GBM), an international publication headquartered in the UK.
The awards aim to recognise global brands achieving excellence in performance across a broad range of sectors, selected by a magazine that keeps readers on top of key trends surrounding the branding world.
The Bank of East Asiawas evaluated based on customer service, satisfaction, digital innovation, strategic relationships and new business development.
Commenting on The Bank of East Asia's award wins, ShivKumar (CEO) of Global Brands Magazine said, "Every few years we have the privilege of working with a brand that goes beyond our expectations.