OREANDA-NEWS. December 16, 2011. The Bank of East Asia (“BEA”) announces that its wholly-owned subsidiary on the Mainland, The Bank of East Asia (China) Limited (“BEA China”), has opened its Shanghai Zhangjiang Sub-branch in Zhangjiang Area of Pudong, Shanghai. The new sub-branch is not only BEA China’s 100th outlet on the Mainland, but also the first with mission to provide banking and financial services to small enterprises in Mainland China, particularly those in and around the rapidly developing Zhangjiang Hi-Tech Park, reported the press-centre of BEA China.

Shanghai Zhangjiang Sub-branch was established in accordance with the “Notification on Supporting Commercial Banks to Enhance Financial Services for Small Enterprises” promulgated by the China Banking Regulatory Commission as well as other related regulations announced earlier this year, in an effort to support the financing of small enterprises on the Mainland. The new sub-branch will mainly provide businesses with small loans up to Renminbi 5 million, as well as other relevant services.

Commenting on the opening, Dr. David K.P. Li, Chairman & Chief Executive of BEA and Chairman of BEA China, said, “We are extremely delighted to announce the opening of BEA China’s 100th outlet on the Mainland, and its first outlet specially designed to support the needs of small enterprises.

The establishment of our Shanghai Zhangjiang Sub-branch also demonstrates our strong commitment to supporting China’s policy of assisting small enterprises. Meanwhile, we will continue to expand our network and enhance our services to serve the diverse needs of various customer segments on the Mainland.”

For more information on BEA China’s Shanghai Zhangjiang Sub-branch, please contact Mr. Shi Junhua, General Manager of Shanghai Zhangjiang Sub-branch at 1/F, Block 4, 277 Rui Chang Road, Pudong New Area, Shanghai, China [tel.: (86 21) 3857 3670; fax: (86 21) 5017 2833]. Enquiries may also be directed to BEA’s China Division in Hong Kong on tel.: (852) 3608 3007 or fax: (852) 3608 6212.