For Immediate Release

Dalian Branch of The Bank of East Asia

now licensed to offer Renminbi services
 

 Hong Kong, 6 June 2002 – The Bank of East Asia (BEA) today announced that it has obtained official approval to offer Renminbi services to its customers from Dalian Branch in China.
  
   
BEA has announced earlier that all of its seven branches and one sub-branch in China are accredited to provide full foreign currency services to customers, including local enterprises and residents.  In 1998, BEA obtained approval to offer Renminbi services from its Shanghai and Shenzhen branches to clients.  With this announcement, the Bank now has three branches in China to operate Renminbi businesses, and is thus far one of the foreign banks having the largest number of licences to offer Renminbi services on the Mainland.

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For further information, please contact: 

Mr. Chan Kay-cheung     

Tel: (852) 2842 3203

Executive Director and Deputy Chief Executive      

The Bank of East Asia