OREANDA-NEWS. July 09, 2012. 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 opened its new branch in Kunming, Yunnan Province, reported the press-centre of BEA. 

Dr. David K.P. Li, Chairman & Chief Executive of BEA and Chairman of BEA China, said, “We are delighted to announce the opening of our new Kunming Branch. Leveraging our strong presence in Mainland China, Hong Kong, and overseas, this new outlet will enable us to better serve the domestic and cross-border banking needs of our personal and corporate customers in Southwest China.”

Kunming is Yunnan’s capital and largest city. In addition to being the province’s political, economic, cultural, and transportation hub, Kunming is an important gateway for Mainland China to the member countries of the Association of Southeast Asian Nations (“ASEAN”). Currently China is the largest trading partner of ASEAN’s 10 member states.

Kunming 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 settlement, foreign exchange, derivative products, debit cards and credit cards, and overseas investment services for local residents and enterprises.