Bank of East Asia (BEA) has been named the best bank for the Wealth Management Connect (WMC) in the Greater Bay Area (GBA) this year, standing out in a competitive financial landscape through its strong performance, strategic expansion and commitment to cross-boundary financial innovation.
In the past year, BEA reported a remarkable 197% year-over-year increase in RMB remittance volume under the WMC framework, far exceeding the market average of 105%. This growth is indicative of BEA’s strong market positioning and its ability to cater to the evolving needs of customers. The bank also achieved a 58% increase in the number of WMC accounts, also outperforming the average growth rate of 56% in the region.
A key differentiator for BEA is its exclusive product offering, notably the launch of the BEA Wise All Weather Fund in March 2025. This globally diversified portfolio, covering equities, fixed income and cash, is distributed by BEA under the WMC framework, enhancing its product breadth and appeal to cross-boundary investors.
BEA also stands out for its strategic partnership expansion. The collaboration with Guangzhou Rural Commercial Bank (GRCB) established in January 2025, has enabled BEA to broaden its mainland partner network. As the only Hong Kong bank to expand its network post-WMC 2.0, BEA now has access to more than 570 GRCB branches across nine regions, facilitating seamless customer onboarding and service delivery.
BEA has positioned itself as a key player in the evolving WMC landscape of the GBA
To support seamless cross-boundary experiences, BEA’s commitment to digitalisation is evident through its revamped BEA Mobile App, which boasts an 84% adoption rate among users. This digital platform supports cross-boundary account services, launched in October 2024, allowing clients to conduct transactions effortlessly across borders.
Also, BEA’s presence in Qianhai through its fintech hub, BEA Tower, underscores its commitment to innovation and integration within the GBA. The bank also joined the Shenzhen-Hong Kong Cross-Boundary Data Validation Platform in May 2024, enhancing document verification processes for corporate clients via blockchain technology.
Through a combination of market-leading growth, exclusive product innovation, strategic partnerships and digital integration, BEA has positioned itself as a key player in the evolving WMC landscape of the GBA.
