BANK OF E ASIA(00023) 证券时报网·2025-01-06 02:51Group 1 - The core viewpoint of the news is the launch of the Cross-Border Wealth Management Connect 2.0 (Southbound) business by Guangzhou Rural Commercial Bank in collaboration with East Asia Bank, aimed at enhancing asset management solutions for clients in the Greater Bay Area [1][2] - This initiative signifies a significant step in financial services collaboration between the two banks, promoting regional economic integration and facilitating capital flow within the Greater Bay Area [1][2] - The Cross-Border Wealth Management Connect business allows investors in the Greater Bay Area to purchase qualified investment products offered by East Asia Bank through a closed-loop funding channel established with Guangzhou Rural Commercial Bank, including 11 types of currency deposits and over 260 qualified funds [1] Group 2 - Guangzhou Rural Commercial Bank is the first bank outside of East Asia Bank's group to collaborate on the Cross-Border Wealth Management Connect, marking a milestone in financial market connectivity between the two regions [2] - The bank has a strong local presence with a network of 570 branches and subsidiaries across 8 provinces and 1 city, and its total assets exceeded 1.3 trillion RMB by the end of 2023 [2] - East Asia Bank, established in 1918, is a leading financial services group in Hong Kong with total assets of HKD 875.2 billion (approximately USD 112.1 billion) as of June 30, 2024, and a global network of around 120 branches [3]