Strategy

Asian Bank Launches China Wealth Management Offering

Paul Das 23 August 2006

Asian Bank Launches China Wealth Management Offering

The Bank of East Asia has launched an overseas wealth management offering with a GBP/USD currency linked deposit product to local investors ...

The Bank of East Asia has launched an overseas wealth management offering with a GBP/USD currency linked deposit product to local investors in Mainland China, having been granted Qualified Domestic Institutional Investor status by the China Banking Regulatory Commission. BEA is looking forward to significant growth in its wealth management business on the Mainland and plans to introduce additional wealth management products soon. BEA has appointed China Merchants Bank as its domestic custodian and CMB has appointed Citibank as its overseas agent in BEA’s first step towards offering a comprehensive range of investment products in the Chinese market.

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