OREANDA-NEWS. September 29, 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 Harbin Branch – its third branch and the eleventh outlet established in the Northeastern part of the country, reported the press-centre of BEA.

Officiating at the opening ceremony, Dr. David K.P. Li, Chairman & Chief Executive of BEA and Chairman of BEA China, said: “We are delighted to bring our comprehensive range of banking and financial services to the people and businesses of Harbin, Heilongjiang Province’s capital and largest city. Since it began operation in June of this year, Harbin Branch has been warmly received by our retail and corporate customers.”

“We are proud that we currently operate the largest branch network of any Mainland-incorporated foreign bank in Northeastern China. With a strong presence in Dalian, Shenyang, and Harbin, we can effectively meet the needs of our customers throughout the Northeast and capitalise on exciting opportunities in this historically important region,” Dr. Li added.

 Harbin 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.

For more information on Harbin Branch, please contact Mr. Eric Lau Kin-wai, General Manager of Harbin Branch at Unit 502-7, Europe New Town, Xinyang Road, Daoli District, Harbin, Heilongjiang Province, China [tel.: (86 451) 8625 3535; fax: (86 451) 8570 1234]. Enquiries may also be directed to BEA’s China Division in Hong Kong on tel.: (852) 3608 3007 or fax: (852) 3608 6212.