Hong Kong’s Bank of East Asia inaugurates tower in Qianhai

It will serve as the bank’s strategic hub in the Greater Bay Area.

The Bank of East Asia (BEA) has inaugurated the BEA Tower in Qianhai, which will serve as its strategic hub in the Guangdong-Hong Kong-Macao Greater Bay Are (GBA).

BEA Tower has 18 floors and 5 underground levels. It houses BEA China's flagship Shenzhen Branch, a fintech innovation centre cum startup collaboration platform – BEAST (BEA + Startups), a data lab and other BEA subsidiaries.

BEAST, BEA's fintech platform that was first established in Hong Kong in September 2022, has expanded its reach to Qianhai. Launched in October 2023, Qianhai BEAST enables the Bank to connect with the wealth of talent and expertise in Shenzhen's thriving fintech community.

BEAST Qianhai benefits BEA and its customers with co-created solutions, while also facilitating broader regional collaboration.

The inauguration is done alongside the bank’s 105th anniversary and was officiated by Hong Kong Financial Secretary Paul Chan Mo-po.

Also present are Wang Qiang, member of the Standing Committee of the Shenzhen Municipal Committee of the Communist Party of China, Director-General of the United Front Work Department of the Shenzhen Municipal Committee of the CPC; Lv Feng, Deputy Director-General of the Economic Affairs Department of the Liaison Office of the Central People's Government in the HKSAR; and Dr. Tong Shi-qing, Deputy Director General of the Guangdong Financial Supervisory Authority; and Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority.

Kuok Khoon-hua, chairman and CEO of Kerry Properties Limited, BEA’s joint-venture partner for the development of BEA Tower; Dr. David Li, executive chairman of BEA; Professor Arthur Li, deputy chairman of BEA; and Adrian Li and Mr. Brian Li, co-chief executives of BEA, are also present in the event.

Hong Kong chief executive John KC Lee also delivered a pre-recorded video message during the inauguration, where he encouraged BEA to “capitalise on the immense opportunities presented by the development of Qianhai to continue to play an active role in the development of the GBA and contribute to our nation's high-standard opening up as a home-grown Hong Kong business."

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