Bank of East Asia
Bank of East Asia is a Hong Kong-headquartered financial services company. It is the largest independent bank in the city and one of the two remaining family-run banks in Hong Kong. The other is Dah Sing Bank.
The bank is currently run by brothers Adrian and Brian Li as co-CEOs, taking over after their father David Li stepped down from the role in 2019 after 38 years.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
AIA buys Hong Kong insurer Blue Cross for $278m from BEA
A bancassurance partnership is also in the mix.
BEA mulls selling general insurer Blue Cross—report
The Hong Kong lender is said to be seeking to raise cash by disposing of non-core assets.
BEA completes sale of insurance arm to AIA
The sale was for approximately $655.56m in cash, including notional interest.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
Bank of East Asia sells life insurance unit to AIA for $644m
BEA will distribute life savings products to retail clients in Hong Kong and the mainland.
AIA amongst bidders for Bank of East Asia's life insurance arm
The bank could raise about $500m to $600m from a potential transaction.