OREANDA-NEWS. March 24, 2011. The Bank of East Asia (“BEA”) announces that its wholly-owned subsidiary on the Mainland, The Bank of East Asia (China) Limited (“BEA China”), has today celebrated the grand opening of its Zhengzhou Branch, reported the press-centre of BEA China.

Officiating at the event, Dr. David K.P. Li, Chairman & Chief Executive of BEA and Chairman of BEA China said, “The establishment of Zhengzhou Branch clearly demonstrates our dedication to promoting business development in Central China. With this new branch added to our strong network, we can further strengthen our connections with personal and corporate customers in the region and offer them with a wide range of professional banking and financial services.”

The capital of Henan Province, Zhengzhou is one of the largest cities strategically located in Central China. It has long been an important transportation hub, industrial centre, and distribution centre for commodities in the region. Directly benefiting from the “Rise of Central China Plan” promoted by the Central Government, Zhengzhou has experienced rapid economic growth in recent years.

BEA China’s Zhengzhou Branch provides comprehensive Renminbi and foreign currency banking services to all customers. Services include account and deposit services, loans and advances, bill acceptance and discounting, documentary credit and bank guarantees, remittance and international settlement, foreign exchange, derivative products, agency services for general and life insurance products, and overseas investment services to local residents and enterprises.

For more details about Zhengzhou Branch, please contact Mr. Yu Feng, General Manager of Zhengzhou Branch at 1/F – 2/F, Kineer International Building, 226 Jinshui Road, Jin Shui District, Zhengzhou, Henan, China [tel.: (86 371) 8996 6888; fax: (86 371) 8996 6868]. Enquiries may also be directed to BEA’s China Division in Hong Kong on tel.: (852) 3608 3007 or fax: (852) 3608 6212.