East Asia Is China's First Foreign Bank To Start Cross-Border E-Commerce Payment In Renminbi.

Shanghai, April 8, 2014, a bank of East Asia (China) Limited (hereinafter referred to as "East Asia China") announced that it has signed with Shanghai Sheng Fu Tong Electronic Payment Service Co., Ltd. (hereinafter referred to as "Sheng Fu Tong"), "cross-border cooperation in e-commerce, RMB (6.1968, -0.0155, -0.25%) payment cooperation agreement". It has become the first foreign bank to launch cross-border e-commerce RMB payment business in China (Shanghai) free trade pilot area (hereinafter referred to as "Shanghai free trade zone").

With the rapid development of cross-border payment business, the people's Bank of China [micro-blog] Shanghai headquarters launched the cross-border payment of RMB payment institutions in the Shanghai free trade area in February this year to meet the increasing demand for cross-border RMB payment services. East Asia took advantage of this opportunity to actively expand its business, and recently reached a cooperation agreement with Sheng Fu Tong, becoming the first foreign bank to sign a contract with the third party payment agency in the Shanghai free trade area to provide customers with relevant services.

Cross border E-commerce RMB In the payment business, the bank mainly carries on the depository management to the third party payment company's customer reserve fund, and provides the related fund collection and payment service. In East Asia, China will cooperate with the third party payment companies to carry out cross-border e-commerce RMB payment business. It can expand its international trade payment business and other cross-border RMB settlement business of current account, and further expand its business space.

Moreover, East Asia is more likely to be in China. Individual customers It provides convenience for customers to directly use RMB to carry out "Hai Tao", to pay for studying abroad and to buy overseas tickets, hotels, etc.; the company customers in East Asia in China can directly use this channel to obtain RMB payment and use cross-border e-commerce to make RMB settlement.

In addition, State Banking Regulatory Commission Shanghai regulatory authority has formally approved the East Asia China Shanghai free trade pilot area sub branch to carry out personal business. As the business scope of sub branch of East China's Shanghai free trade pilot zone is increasing, the sub branch will expand more new customers both at home and abroad. In the future, East Asian China will rely on the distribution advantages of Hongkong Bank of Asia Bank in the global network, and provide customers with high quality, safe and convenient financial services as always.

Related links:

East Asia's headquarters in Shanghai is one of the most powerful banks in the mainland. East Asia currently has 126 outlets in 40 cities in the mainland, including headquarters, 27 branches and 98 sub branches. They are located in Shanghai, Beijing, Tianjin, Harbin, Dalian, Shenyang, Qingdao, Ji'nan, Shijiazhuang, Zhengzhou, Zhengzhou, Zhengzhou, Shijiazhuang, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong, Macao, China, Hong Kong and Macao.

East Asia provides comprehensive personal banking and corporate banking services and provides overseas investment services to all mainland customers. For details of China business in East Asia, you can browse its website: www.hkbea.com.cn.

In addition to the East Asian China network, Bank of East Asia has a representative office in Fuzhou and 1 village banks in Fuping County, Shaanxi province.