Recent events
Recent events tied to this brand in public sources.
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2021
AIA completes acquisition of East Asia Life
AIA completed its purchase of East Asia Life shares from The Bank of East Asia for approximately HK$5.098 billion; The Bank of East Asia no longer held an interest in East Asia Life after completion.
2021
Baolong Properties enters into a US$210 million term-loan facility
Baolong Properties, as borrower, entered into a financing agreement for a 42-month, dual-currency, dual-tranche term-loan facility of up to US$210 million with financial institutions including Bank of China (Hong Kong), Bank of Communications (Hong Kong), Bank of East Asia and HSBC.
2021
Leo Paper Group subsidiary secures HKD400 million green loan facility
Leo Paper Group announced that its wholly owned subsidiary, Leo Paper Group Finance Limited, signed a four-year HKD400 million green term loan and revolving credit facility with eight banks. The group said the financing brought its total green financing to HKD1.15 billion.
2021
Five banks fined a total of 366 million yuan
China's banking regulator imposed administrative penalties on Huaxia Bank, Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia China, with fines totaling about 366 million yuan. The source does not specify the underlying violations.
2021
AIA and Bank of East Asia announce bancassurance partnership
AIA and Bank of East Asia announced a 15-year exclusive strategic bancassurance partnership covering mainland China and Hong Kong. Under the agreement, Bank of East Asia will have exclusive rights to distribute AIA life insurance and long-term savings products through its branch network and to high-net-worth customers.
2021
AIA announces acquisition of East Asia Life Insurance
AIA announced that it would acquire all shares of East Asia Life Insurance, a wholly owned subsidiary of Bank of East Asia, for HK$5.070 billion. AIA expected the acquisition to be completed by year-end, subject to regulatory approval.
2019
East Asia China opens a 5G smart branch in Shanghai
East Asia China opened its Xintiandi branch in Shanghai as a 5G smart store. The article describes it as the first such 5G smart store opened by a foreign-funded bank in mainland China.