OREANDA-NEWS. May 04, 2011. The Bank of East Asia (“BEA”) announces the launch of a renminbi (“RMB”) refund offer for the initial public offering (“IPO”) of Hui Xian REIT, reported the press-centre of BEA.

From now until 11th May, 2011, new customers who open any all-in-one account with a refund cheque from the Hui Xian REIT IPO after its subscription period will receive a HKD50 supermarket cash coupon for every deposit of RMB50,000 they make.

Each customer may receive a maximum of HKD 500 in cash coupons and the offer will be available on a first come, first served basis.

In addition, BEA customers with a valid RMB deposit account can enjoy other RMB offers, including a HK\\$50 supermarket cash coupon for every RMB100,000 they receive in exchange for Hong Kong dollars and a preferential interest rate for placing a RMB time deposit with new funds. These attractive offers will be valid until 30th June, 2011.

“To celebrate the launch of Hong Kong’s first RMB-denominated IPO, BEA is pleased to offer highly attractive offers to investors, including a subscription fee waiver, which is currently being offered and the refund benefits,” says Mr. Simon Lau, General Manager & Head of Personal Banking Division.

“As our customers strive to take advantage of upcoming RMB investment opportunities and capture the potential appreciation of the RMB, we shall continue to add value to our RMB services to meet the diverse needs of our customers,” he adds.

BEA’s all-in-one accounts, including the SupremeGold Account, the Supreme Account, and the i-Account, allow customers to manage all their personal banking needs via one simple, easy-to-use account. To open an all-in-one account, customers may apply at their nearest BEA branch. For more information, please visit any BEA branch, or visit the BEA homepage at www.hkbea.com.