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Bank of East Asia expands retail banking in China through internet partnerships

  • Sep 14, 2018

Teaming up with mainland Chinese internet partners including a Tencent-backed banking unit and online travel platform Ctrip has been a major boost to Bank of East Asia’s retail banking operations in the mainland, according to deputy chief executive Brian Li Man-bun.

By joining forces with four technology companies, the Hong Kong-based bank has been able to offer 5 billion yuan (USD730 million) in loans to mainlanders over the past year, said Li.

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