BEA Bank of East Asia

Overview

BEA Bank of East Asia is SEHK: 23 + Hong Kong commercial bank + Hong Kong's largest independent commercial bank by assets + Li family + Sumitomo Mitsui Banking Corporation SMBC ~20%+ major shareholders [1, hk-cro].

History

1918 — The Bank of East Asia BEA founded by Li Koon-Chun + Kan Tong-Po + Fung Ping-Shan in Hong Kong distinctive Hong Kong banking heritage as one of Hong Kong's oldest indigenous commercial banks.

1959 — BEA SEHK IPO under ticker 23.

2007 — Sumitomo Mitsui Banking Corporation SMBC acquires significant minority stake in BEA.

2014 — BEA Mobile banking app launch.

Ownership & operator

Operating entity: The Bank of East Asia Limited BEA (Hong Kong commercial bank; Li family + SMBC major shareholders).

Major shareholders: Li family (Li Koon-Chun founding family) + Sumitomo Mitsui Banking Corporation SMBC (Japanese banking group) ~20%+ + Hong Kong + international retail + institutional + foreign investors free float.

Regulators: HKMA + SFC + PBoC (BEA China).

Technical integration

BEA Mobile banking app (iOS + Android) + hkbea.com online + BEA branch network across Hong Kong + BEA China + Macau + Singapore + Malaysia + UK + US + Canada + BEA Visa + Mastercard + UnionPay cards; FPS HK (Hong Kong Faster Payment System) + HK IBAN + EFPS QR.

Implementations & partners

Major Hong Kong banking + payments competitors: [[hsbc-hong-kong]] (HSBC Hong Kong; HSBC's original Hong Kong founding entity since 1865; Hong Kong's largest commercial bank by assets; ~3M+ PayMe customers) + [[hang-seng-bank]] (Hang Seng Bank Hong Kong; HSBC HK ~62.14% subsidiary; SEHK: 11; Hong Kong's #2 commercial bank by assets) + [[boc-pay-hk]] (BoC Pay Hong Kong; Bank of China HK; SEHK: 2388; Hong Kong's third note-issuing bank) + [[standard-chartered-hk]] (Standard Chartered Hong Kong; LSE: STAN + SEHK: 2888; Hong Kong's third note-issuing bank since 1862; Mox Bank Hong Kong founding JV partner) + [[citibank-hk]] (Citibank Hong Kong; Citigroup NYSE: C subsidiary) + [[dbs-hk]] (DBS Hong Kong; DBS Bank Singapore subsidiary) + [[mox-bank]] (Mox Bank Hong Kong; Standard Chartered + HKT + PCCW + Trip.com JV digital bank) + [[alipayhk]] (AlipayHK; Ant Group Hong Kong mobile wallet) + [[wechat-pay-hk]] (WeChat Pay HK; Tencent Hong Kong mobile wallet).

Regulators: HKMA + SFC + PBoC.

Status

Active, SEHK:23 + Hong Kong commercial bank + Hong Kong's largest independent commercial bank by assets + Li family + Sumitomo Mitsui Banking Corporation SMBC ~20%+ major shareholders + 1918 founding as one of Hong Kong's oldest indigenous commercial banks [1, 2].

Sources

• 1 BEA — official
• 2 Bank of East Asia — Wikipedia
• hk-cro In-corpus: reports/countries/HK-hong-kong.md

Source

Biography extracted from bea-hong-kong.md. See matrix.md for standards-support matrix if present.