TOPIC

/ company

Bank of East Asia

(东亚银行)

Bank of East Asia

东亚银行

Founded in 1918, Bank of East Asia is the largest independent local bank and third largest bank in Hong Kong. It was co-founded in 1918 by Li Koon-chun, grandfather of David Li Kwok-po, who has been its chief executive since 1981.

Chairman / President

David LI Kwok-po

CEO / Managing Director

LI Man-kiu、LI Man-bun

CFO / Finance Director

LI Man-kiu、LI Man-bun

Industry

Finance

Website

hkbea.com

Headquarters address

Hong Kong

Stock Code

SEHK: 0023
OTC Pink: BKEAY

Year founded

1918

Mainland tourists flock to Tsim Sha Tsui during the Golden Week holiday on May 3, 2025. Photo: Nora Tam

Banking & finance

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors

With 980,000 visitors from the mainland expected during golden week, Hong Kong lenders line up incentives to capture wealthy customers.

1 May 2026 - 6:21PM

Crime in Hong Kong

Police arrest man who used air gun to rob Hong Kong bank and recover HK$35,000

10 Apr 2026 - 10:25PM

Hong Kong property

Hong Kong banks’ collateral asset valuations to continue declining in 2026: S&P

26 Feb 2026 - 8:18PM

Banking & finance

China’s property woes likely to hurt some Hong Kong banks’ 2025 earnings: Citi

Bank of China (Hong Kong) and Bank of East Asia could be affected the most as they have the highest exposure to China’s property sector.

11 Feb 2026 - 7:05AM

Residential buildings in Beijing’s Chaoyang Park on January 6, 2026. Photo: AP Photo

Hong Kong Monetary Authority (HKMA)

How lower US interest rates can help Hongkongers amid steady local prime rates

Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority’s deputy chief says.

26 Jan 2026 - 11:30AM

Hong Kong property

Hong Kong’s housing market gets a vote of confidence from major banks

Most financial institutions forecast price gains ranging from 5 to 10 per cent, supported by supply constraints and end-user demand.

12 Jan 2026 - 7:03PM

Interest rates

Hong Kong interbank rates forecast to drop on expected 2026 US monetary easing

Savings rates near zero prevent further prime rate reductions, though Hibor-linked loans will get cheaper, analysts say.

2 Jan 2026 - 7:00AM

Analysts agree that lower US rates in 2026 would drive down Hibor – benefiting borrowers with Hibor-linked mortgages and corporate loans. Photo: Shutterstock

Hong Kong stock market

Standard Chartered keeps overweight call on China stocks, flags recovery in 2026

Despite renewed ‘bubble’ talk around AI valuations after a November sell-off, Standard Chartered says the cycle is different this time.

18 Dec 2025 - 7:30AM

Banking & finance

Hong Kong moves from theory to practice with real-value tokenised money, asset deals

Live transfers of tokenised deposits signal Hong Kong’s shift from proof of concept to production-grade digital-asset settlement.

13 Nov 2025 - 6:00PM

Banking & finance

Hong Kong picks second batch of banks, tech firms to test AI in finance

Second phase of sandbox initiative will see 20 banks and 14 tech firms testing 27 use cases, with focus on responsible use of generative AI.

15 Oct 2025 - 10:01PM

The sandbox initiative started in December 2024 with 10 banks and four technology partners testing 15 use cases. Photo: Shutterstock

Banking & finance

Hong Kong banks battle for wealthy mainland clients during ‘golden week’ holiday

Hong Kong authorities estimate that as many as 1.54 million mainland visitors will cross the border during the eight-day holiday.

2 Oct 2025 - 11:55AM

HSBC has also arranged a cocktail reception with internationally renowned Hong Kong actor Tony Leung, as part of a bank card product launch during the holiday. Photo: Handout

Mandatory Provident Fund (MPF)

Hong Kong’s eMPF could save US$6.5 billion for members in 10 years: regulator

Biggest MPF trustees – AIA, Sun Life, Manulife and HSBC – start move to the electronic platform from this week until the end of the year.

31 Aug 2025 - 1:12PM

Banking & finance

Hong Kong’s dollar-peg defence is bitter for borrowers as Hibor rises

Monetary authority’s successful defence of the US-dollar peg raises loan rates, putting pressure on borrowers and the property market.

26 Aug 2025 - 11:13AM

Banking & finance

Bank of East Asia profits rise on robust wealth-management business

First-half net profit jumps 14 per cent to HK$2.41 billion (US$308.6 million), beating analyst expectations.

21 Aug 2025 - 6:00PM

A view of a Bank of East Asia branch in Central on February 21, 2024. Photo: May Tse

Banking & finance

China gives Hong Kong new yuan transfer cap as payment link starts

Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.

20 Jun 2025 - 8:32PM

An image of the Faster Payment System (FPS), which recorded 17 million users as of March 2025. Photo: handout

IPO

CATL’s dilemma: top-of-the-range Hong Kong IPO price may cap first-day gains

EV battery maker’s 6.7 per cent discount to its Shenzhen-traded shares is much lower than the average 25 per cent discount for dual-listed Chinese firms.

16 May 2025 - 3:33PM

IPO

Stars align for mainland-listed firms’ Hong Kong share sales

30 A-share firms have applied to sell shares in Hong Kong this year, surpassing last year’s 16, according to exchange data.

8 May 2025 - 9:26AMvideocam

Banking & finance

Banks lure new wealthy clients with Liverpool, Jay Chou tickets in golden week push

Banks target growing pool of wealthy mainland Chinese visitors to Hong Kong during May 1-5 golden week holiday.

2 May 2025 - 7:10AMvideocam

A billboard of Jay Chou’s upcoming Hong Kong concert. Photo: Elson Li

Hong Kong property

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

The embattled developer has sold 223 of the 228 flats on offer at its Le Mont residential project, according to agents.

15 Mar 2025 - 8:50PM

Banking & finance

Beijing allows Hong Kong banks to issue credit cards in China from March 1

The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

20 Feb 2025 - 11:21PM

Banking & finance

Hong Kong banks offer lai see, hampers, Asia Miles to returning workers

Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.

30 Jan 2025 - 1:11PM

Lai see packets. Photo: Shutterstock Images

Banking & finance

From fireworks to cash, Hong Kong banks vie for mainland new year visitors

With 1.43 million mainlanders expected during the ‘golden week’, the city’s lenders prepare a slew of enticements.

3 Feb 2025 - 3:02PM

Tourists and residents visit the Avenue of Stars in Tsim Sha Tsui on January 26, during the run up to Lunar New Year. Photo: Dickson Lee

Banking & finance

Hong Kong digital banks consider branches after HKMA rule change

WeLab Bank, ZA Bank and Mox Bank believe face-to-face interactions would be a good addition, while Livi Bank does not see a need.

13 Jan 2025 - 7:30AM

Hong Kong Monetary Authority (HKMA)

Hong Kong banks cut lending rates, but HKMA warns of volatility ahead

The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.

19 Dec 2024 - 4:50PM

Banking & finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

8 Nov 2024 - 11:06AM

View of Hong Kong from the Hong Kong Monetary Authority (HKMA) headquarters at IFC in Central district on October 9, 2024. Photo: May Tse

Banking & finance

Hong Kong banks pledge to ease loans in HKMA’s plan to help SMEs

Hong Kong’s business owners are cash-starved, as interest rates hover at the highest level in almost two decades.

23 Aug 2024 - 6:46PM

People crossing the street in Hong Kong’s Central district on 7 October 2021. Photo: Sam Tsang.

Banking & finance

BEA unit to hold fintech day in October to promote innovation

The inaugural Beast event will be held during Fintech Week in late October, which will allow start-ups and bankers to exchange ideas to build a tech ecosystem in the city, according to a senior BEA executive.

18 Aug 2024 - 12:30PM

Shenzhen

Hong Kong, Shenzhen begin cross-border credit checks in pilot trial

A new data-verification platform will test Beijing’s plan to keep watch on cross-border data flows without disrupting normal business operations.

6 May 2024 - 9:00PM

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