The Bank of East Asia (BEA) is one of the leading local banks in Hong Kong, with a rich history and a strong presence in the region. It was established in 1918 by Li Koon-chun, a prominent Hong Kong businessman, and it is headquartered in Hong Kong. BEA offers a wide range of products and services to meet the financial needs of its customers.

It provides retail banking, corporate banking, treasury, and wealth management services. The bank offers various loan products, including mortgages, personal loans, and corporate loans. It also provides deposit products such as savings accounts, current accounts, and time deposits.

On a global scale, BEA has expanded its presence beyond Hong Kong. It has branches in Mainland China, Macau, and several countries in Southeast Asia, including the Philippines, Vietnam, and Indonesia. Additionally, it has representative offices in the United States, the United Kingdom, and Europe.

BEA has developed notable partnerships and joint ventures over the years. It has a strategic partnership with China Everbright Limited, a financial conglomerate in Mainland China. Through this partnership, the two companies collaborate in various areas such as wealth management, corporate finance, and retail banking.

In terms of market position, BEA is a well-established player in the banking sector in Hong Kong and has a strong presence in Mainland China. It competes with other local and international banks, such as HSBC, Standard Chartered, and Bank of China. In recent years, BEA has achieved significant milestones.

In 2016, it became the first bank in Hong Kong to support mobile payment services such as Apple Pay, Samsung Pay, and Android Pay. This move was aligned with the bank's strategy to embrace digital banking solutions and provide convenience to its customers. As of the latest updates, BEA continues to innovate and expand its digital banking offerings.

It launched a digital wealth management platform called 'i-Portfolio' to provide personalized investment solutions for its customers. The bank also actively invests in technology and partnerships to enhance its customer experience and strengthen its competitiveness in the market. In conclusion, The Bank of East Asia (BEA) is a prominent local bank in Hong Kong with a long history and a wide range of banking products and services.

It has expanded its operations globally, with a presence in Mainland China and other countries in Southeast Asia. BEA has achieved notable milestones and continues to prioritize digital banking solutions to stay competitive in the market