OREANDA-NEWS. April 20, 2011. The Bank of East Asia (“BEA”) announces the launch of a new renminbi (“RMB”) exchange offer to tie in with the initial public offering (“IPO”) of Hui Xian REIT, the first RMB-denominated security to be listed in Hong Kong, reported the press-centre of Bank of East Asia.

From now until 30th June, 2011, customers who exchange Hong Kong dollars for RMB through their BEA deposit account in Hong Kong will receive a supermarket cash coupon worth HKD50 for every RMB100,000 they buy. BEA also serves as one of the receiving banks for the RMB IPO. As a special offer to customers, the Bank will waive the subscription fee for IPO yellow forms submitted at branches, or eIPO applications made via the internet through a BEA all-in-one account.

Customers may either subscribe to the IPO using yellow forms at all BEA branches or submit IPO white forms in person at ten selected BEA receiving branches.

“With an extensive branch network in Hong Kong and China, we are perfectly placed to offer a diverse range of RMB services to our retail and corporate customers,” says Mr. Simon Lau, General Manager & Head of Personal Banking Division. “As the demand for RMB products grows in Hong Kong, we will monitor the latest market developments and provide our customers with attractive banking offers, helping them to grasp opportunities for financial returns,” he adds.

BEA’s all-in-one accounts, including the SupremeGold Account, the Supreme Account, and the i-Account, enable customers to manage their finances with ease and flexibility. For more information, please visit any BEA branch, or visit the BEA homepage at www.hkbea.com.