Bank of East Asia (China) Ltd., a fully owned subsidiary of Hong Kong-based Bank of East Asia (BEA), has opened a new sub-branch in Zhanjiang, Guangdong Province. The new outlet provides comprehensive yuan and foreign currency banking services.

It marks an important addition to the bank's branch network in south China, since the city of Zhanjiang, located in the southwestern part of the province, is a major port and trade center in south China.

The branch is also the eighth "cross-location" sub-branch established by BEA China in Guangdong under the liberalization measures of the Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement.

BEA China operates 31 outlets in Guangdong.