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Milestones

 
1918   The Bank of East Asia, Limited is incorporated in Hong Kong.
   
1919   Head Office is established at 2 Queen's Road Central, Hong Kong.
   
1920  

Head Office is moved to 10 Des Voeux Road Central, Hong Kong.

Branches are opened in Shanghai, China and Saigon (now Ho Chi Minh City), Vietnam.

   
1930   (circa) BEA shares begin to be traded in the Hong Kong share market.

Haiphong Branch is opened in Vietnam.
   
1935   New Head Office Building is completed and widely regarded as one of Hong Kong's most distinctive works of architecture.
   
1952   Singapore Branch is opened.
   
1969  

To celebrate its 50th Anniversary, BEA establishes a scholarship fund of HK$500,000 to support the development of higher education in Hong Kong.

BEA becomes the first local Chinese financial institution to introduce advanced technology to its operations by installing a state-of-the-art online computer system.

   
1975  

The first Hong Kong Dollar credit card, the East Asia BankAmericard, is launched with the Bank of America.

Saigon and Haiphong branches are closed.

   
1979   The East Asia BankAmericard becomes the first credit card accepted in China.

The first-ever Sino-foreign joint venture company in China, Beijing Air Catering Limited, is established.
   
1980   Head Office Building is redeveloped.
   
1982   BEA becomes a founding partner of JETCO, a company formed to introduce a network of ATMs in Hong Kong, Macau, Shenzhen, and Zhuhai.
   
1983   Grand opening of the redeveloped Head Office Building.
   
1984  

BEA is one of the joint founders of Electronic Payment Services Company (Hong Kong) Limited, which enables electronic transfer of funds at points of sale.

BEA's first branch in the United States is opened in New York.

   
1985   Wholly-owned securities company, Tung Shing Securities Company Limited (renamed East Asia Securities Company Limited in 1998) is formed.
   
1987  

BEA becomes a principal member of VISA International and MasterCard International. BEA commences its own independent credit card operations.

Shenzhen Branch is opened in China .

   
1989  

BEA is one of the six founders of Hong Kong Securities Clearing Company Limited.

Second branch office in the United States is opened in Chinatown, New York.

   
1990   London Branch is opened in the United Kingdom.
   
1991  

BEA acquires full control of Blue Cross (Asia-Pacific) Insurance Limited together with associated companies, East Asia AEtna Insurance Company (Bermuda) Limited and AEtna International Inc.

Xiamen Branch is opened in China.

Los Angeles Branch is opened in the United States.

   
1992  

Guangzhou and Zhuhai Branches are opened in China.

The Bank of East Asia (Canada), a subsidiary bank, is established in Toronto, Canada.

   
1993  

BEA acquires 50% of Heller Commercial Finance (HK) Limited, which is renamed East Asia Heller Limited (later renamed East Asia GE Commercial Finance Limited in 2004).

Dalian Branch is opened in China.

Fuzhou Representative Office is opened in China.

The Bank of East Asia (BVI) Limited, a subsidiary bank, is set up in the British Virgin Islands.

   
1994  

To celebrate its 75th Anniversary, BEA establishes a scholarship fund of HK$2 million to support the development of higher education in Hong Kong.

The first affinity card under the VISA and MasterCard brands, The University of Hong Kong Card, is issued.

The Bank of East Asia (Canada) opens its second Canadian branch in Vancouver.

   
1995  

BEA is chosen as the "Best Foreign Bank in China" by Euromoney.

BEA acquires United Chinese Bank Limited ("UCB").

   
1996  

Tianjin Representative Office is opened in China.

debis Financial Services China Limited is formed with Daimler-Benz Group and Lei Shing Hong Limited (later renamed DaimlerChrysler Services China Limited in 2001).

   
1997  

Labuan Branch is opened in Malaysia.

Taipei Branch is opened in Taiwan.

Kuala Lumpur Representative Office is opened in Malaysia.

Birmingham Branch is opened in the United Kingdom.

   
1998  

Shanghai Branch is relocated to Pudong, with the original Puxi Branch becoming a sub-branch.

BEA's Shanghai and Shenzhen branches obtain approval from the People's Bank of China ("PBOC") to operate RMB business serving foreigners and foreign-invested enterprises.

   
1999  

BEA acquires full ownership of Blue Cross (Asia-Pacific) Insurance Limited and sells its 50% interest in East Asia AEtna Insurance Company (Bermuda) Limited.

The Bank of East Asia (Trustees) Limited, BEA's wholly-owned subsidiary, is qualified as an approved trustee by the Mandatory Provident Fund Schemes Authority to provide MPF Master Trust Scheme Services.

Cyberbanking Service is introduced, providing comprehensive banking services via five electronic channels: Internet, Mobile Phone, PowerPhoneTM, Telephone, and Kiosk.

Cybertrading Service is launched. BEA becomes the first bank in Hong Kong to launch online stock trading service through its subsidiary East Asia Securities Company Limited.

   
2000  

BEA receives the Euromoney Awards for Excellence 2000 as the "Best Domestic Bank in Hong Kong".

Cyberbanking and Cybertrading Services are winners of the Asian Banking Awards 2000 in the "New Business Venture" category.

BEA successfully acquires a controlling interest in FPB Bank Holding Company Limited, the holding company of First Pacific Bank Limited ("FPB").

BEA is granted approval to launch the MPF Industry Scheme. The Bank becomes one of only two service providers operating the Industry Scheme.

BEA acquires 60.1% interest in Secretaries Limited.

BEA acquires 24.5% of PT Bank Daiwa Perdania in Indonesia.

   
2001  

BEA is named "2001 Best Retail Bank in Hong Kong" as part of The Asian Banker Excellence in Retail Financial Services Awards 2001.

BEA receives the Omega Outstanding Technology and Financial Enterprise Award for "Best Retail Bank", organised by OMEGA and Capital Magazine.

BEA is recognised as one of "Hong Kong's Best Managed Companies" by FinanceAsia Magazine.

BEA wins the "2000 JP Morgan / FIA Best Asian Corporate Website Award".

UCB formally merges with BEA.

BEA completes its acquisition of FPB.

Secretaries Limited, BEA's subsidiary and joint venture with the New World Group and Deloitte Touche Tohmatsu, acquires 100% share interest in Abacus Share Registrars Limited.

Corporate Cyberbanking is launched.

Xi'an Branch is opened, the first by any foreign bank in the northwestern part of China.

BEA's first branch in the Macau Special Administrative Region is opened, further strengthening the Bank's coverage in the Pearl River Delta region.

BEA acquires Grand National Bank in the United States, allowing the BEA Group to expand its corporate banking activities on the West Coast.

   
2002  

A new corporate identity is unveiled and applied across the entire branch network in phases.

FPB completes merger with BEA.

SupremeGold, the Bank's premier wealth management service, is launched.

Tricor Holdings Limited, a joint venture of BEA (71.31%), New World Group (23%), and Deloitte Touche Tohmatsu (5.69%), acquires 100% shareholding in Tengis Limited.

BEA's second branch in Taiwan is opened in Kaohsiung, the first established by a Hong Kong bank in the city.

BEA obtains approval from the PBOC for all branches and sub-branches in China to offer a complete range of foreign currency services to all customers in China, including local enterprises and individuals.

BEA obtains official approval from the PBOC to offer Cyberbanking service to customers in Mainland China.  BEA is the first foreign bank ever sanctioned to offer Internet banking service in China.

Grand National Bank in the United States is renamed The Bank of East Asia (U.S.A.) N.A. ("BEA-USA").  

   
2003  

BEA receives the "Asian Banker Retail Product Excellence Award" for its innovative MyCyberWorld Internet banking product.

Share registration, corporate secretarial, and business support services are consolidated under Tricor Group, a majority-owned subsidiary of the BEA Group (over 70%).

BEA donates HK$2 million to The University of Hong Kong's Faculty of Medicine in support of the advancement of medical teaching and research at the University.

Beijing Branch is opened in China. It is the first foreign bank branch established in the capital following China's accession to the World Trade Organization.

Guangzhou Huanshilu and Shanghai Gubei Sub-branches are opened in China.

BEA obtains official approval from the China Banking Regulatory Commission ("CBRC") for its Guangzhou and Zhuhai branches to offer RMB services to foreigners and foreign-invested enterprises, following the Bank's Dalian Branch, which received similar approval from the PBOC in 2002.

BEA-USA relocates its headquarters from Alhambra, California to New York with the opening of its first branch in New York City.

BEA establishes strategic alliances and signs formal cooperative agreements with five international banks: Resona Bank Limited, Japan; Unicredito Italiano, Italy; Hsinchu International Bank, Taiwan; Shenzhen Commercial Bank, China; and Banco Popular Español, Spain.

   
2004  

BEA wins Web Care Award 2004, Hongkong Post's Distinguished Partnership Award, and The Asian Banker's Excellence in Retail Financial Services Award 2003 for CyberWealth.

BEA offers Personal Renminbi Services including card acceptance service, China UnionPay RMB Debit Card, and RMB Credit Card in Hong Kong.

Chengdu Branch is opened in China.

Shenzhen Luohu Sub-branch is opened in China.

BEA's branches in Shanghai, Dalian, Guangzhou, Shenzhen, Zhuhai, and Xi'an are all licensed to conduct RMB business in China.

Corporate Cyberbanking launched in China.

BEA and the China Financial Certification Authority ("CFCA") sign a cooperation agreement to expand CFCA's Digital Certificate Registration Authority network.

BEA is the first foreign bank in China designated as a registration authority and authorised to offer digital certificates to customers.

BEA establishes strategic alliances and signs formal cooperative agreements with two international banks: Metropolitan Bank & Trust Co., the Philippines and Industriel et Commercial, France.

   
2005  

BEA wins The Asian Banker's Excellence in Internet Banking Award 2004 for Cyberbanking and also the Award of Merit in the Enterprise Solution Category 2005 for the Bank's mobile phone and PDA services in the First Hong Kong Wireless Technology Excellence Awards competition.

BEA and The University of Hong Kong establish the Blue Care Medical Centre.

Hangzhou and Chongqing Branches are opened in China.

Suzhou and Dongguan Representative Offices are opened in China.

BEA is the first foreign bank in China accredited to provide life insurance agency services in the cities of Xiamen, Guangzhou, Shanghai, and Dalian.

BEA signs a cooperative business agreement with China Life Insurance Company Limited ("China Life"), under which BEA becomes the first foreign bank to act as the insurance agent for China Life on the Mainland.

Xiamen and Beijing Branches receive approval to conduct Renminbi business in China.

BEA establishes strategic alliances and signs formal cooperative agreements with three international banks: Canadian Imperial Bank of Commerce, Canada; DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Germany and ICICI Bank Limited, India.

The Bank of East Asia (Canada) opens its Vancouver City Branch in Vancouver.

     
 2006  

BEA is a winner of the 2005 Hong Kong Top Service Brand Awards for its outstanding brand image.

BEA wins the Best Deposit - Linked Product Award, as part of The Asian Banker Excellence in Retail Financial Services Awards 2006.

Qingdao Branch is opened in China.

Dalian Huafu, Guangzhou Panyu, Xi'an South Gate, Shanghai Xujiahui, Macau Horta e Costa, Shenzhen BaoAn, Xiamen Jiahe, Shanghai Jing'an and Guangzhou Huadu Sub-branches are opened in China.

BEA is one of the first foreign banks in China granted Qualified Domestic Institutional Investor ("QDII") status by the China Banking Regulatory Commission.

BEA Group completes the acquisition of National American Bancorp, the holding company of National American Bank ("NAB").  NAB merged with the Group's subsidiary, The Bank of East Asia (U.S.A.) N.A.

BEA establishes strategic alliance and signs formal cooperative agreements with three international banks: Woori Bank, Korea, City National Banks, USA and Industrial Bank of Taiwan, Taiwan.

     
 2007  

BEA wins The Asian Banker's "Best Foreign Retail Bank in China" Award for its outstanding performance on the mainland in 2006.

BEA receives an Award of Excellence in the Best Workplace Practices category of the Asian CSR Awards 2007 for its submission, "BEA Tower Office Centralisation Project - Caring Design and Implementation".

BEA wins AsianInvestor magazine's "Hong Kong MPF Master Trust of the Year" Award.

BEA receives Global Refund's "Platinum Award" for its Value Added Tax refund service.

BEA receives the "Excellence in Risk Management" award in the Financial Insights Innovation Awards for its Basel II initiative.

Establishes its wholly-owned subsidiary, The Bank of East Asia (China) Limited ("BEA (China)"), which becomes one of the first locally incorporated foreign banks to open for business in China.  BEA transfers the operation of its branches and sub-branches on the mainland to BEA (China), with the exception of Shanghai Branch, through which BEA continues to conduct its wholesale foreign exchange business.

Shenyang Branch is opened in China.

BEA (China) opens new branch in Wuhan.

BEA (China) opens new sub-branches in Shanghai, Zhuhai, Chengdu, Xi'an, Dalian, Chongqing, Beijing, Guangzhou, Xiamen and Shenzhen.  

BEA establishes strategic alliances and signs formal cooperative agreements with two international banks: Bank of Yokohama, Japan and "la Caixa", Spain.

The Bank of East Asia (U.S.A.) N.A. opens its Brooklyn and Flushing branches in New York. 

     
 2008  

Wholly-owned subsidiary, BEA Life Limited officially commences business.

Macau Taipa Sub-branch is opened.

The Bank of East Asia (U.S.A.) N.A. opens its San Gabriel Branch and South San Francisco Branch in California.