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Bank of East Asia
TOPIC
 / company

Bank of East Asia

(东亚银行)

Bank of East Asia
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
A portrait of Tung Chee-hwa is displayed in the funeral hall. Photo: Kit Lai
Wreaths from Tung Chee-hwa’s widow, Betty, and their three children are placed in front of the altar. Photo: Handout
Chief Executive John Lee (left) leaves the funeral parlour. Photo: Kit Lai
Former chief executive Leung Chun-ying (centre) arrives at the funeral hall. Photo: Kit Lai
Former leaders Carrie Lam (left) and Donald Tsang (right) also attended. Photo: Kit Lai
Tung Chee-hwa

Hong Kong’s political, business elite pay final respects to Tung Chee-hwa

Beijing leaders send wreaths ahead of former chief executive’s state funeral as residents stream into community centres to sign condolence books.

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4
Mainland China

US Treasury Department steps in amid bond rout: will it work?

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Banking & finance

Rare US-Japan intervention as yen hits 40-year low: what does it mean?

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Banking & finance

US 30-year Treasury streak: what do 5% yields mean for global investors?

The historic run is forcing investors to ask whether high borrowing costs are a short-term headache or the new normal.

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The Federal Reserve Board building in Washington on November 14, 2025. Photo: Reuters
Japan

As Japanese yen sinks to a 40-year low, focus turns to the carry trade

Analysts ponder what will happen if the conditions which currently support the currency’s carry trade begin to reverse.

11
Hong Kong property

Singapore group deepens Hong Kong student housing push with tower purchase

Acquisition of 26-storey building highlights growing international appetite for city’s distressed assets as banks step up property disposals.

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Donald Trump

Trump’s forced-labour tariffs put Southeast Asia in the firing line

Washington’s proposed tariffs of 10 per cent to 12.5 per cent could push regional countries to accelerate economic integration.

Asean leaders gather at the opening ceremony of bloc’s summit in Cebu last month. Seven Asean members are in Washington’s list of 60 economies targeted for “forced labour” tariffs. Photo: AP
Banking & finance

Mainlanders can still open bank accounts in Hong Kong despite new rules: HKMA

Some mainlanders have reported having applications to open Hong Kong accounts rejected amid China’s tightening cross-border investment controls.

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Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

From our archives

On This Day | Hong Kong’s iconic Bank of China Tower opens in 1990 – SCMP archive

Opening 36 years ago today, the landmark skyscraper was Hong Kong’s tallest at the time.

The historic Bank of China building (centre) flanked by the tower under construction (left) in 1988. Photo: P Y Tang
Hong Kong stock market

Chinese AI stocks are surging. So why is Hong Kong’s tech index still falling?

Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.

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A display promotes China’s artificial intelligence industry at an expo in Beijing. Photo: Xinhua
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.

Crime in Hong Kong

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

Suspect in custody after Bank of East Asia branch in Harbour View Centre in Wan Chai robbed by armed man who later fled on bicycle.

Hong Kong property

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

The city’s commercial property market remains on a sustained downturn, as rents continue to fall and vacancy rates soar.

A general view of the skyline in Hong Kong’s Central district. Photo: Jelly Tse
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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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