BANK OF E ASIA(00023) 中国经济网·2025-01-06 06:02Group 1 - Guangzhou Rural Commercial Bank and East Asia Bank have launched the Cross-Border Wealth Management Connect 2.0 (Southbound) business in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to provide convenient and diverse asset management solutions for clients in the region [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][2] - This collaboration marks a significant milestone in the cooperation between the two financial institutions and represents a new starting point for the interconnection of financial markets in the two regions [2] Group 2 - Guangzhou Rural Commercial Bank, established in 1952 and transformed into a rural commercial bank in 2009, has over 1.3 trillion RMB in total assets as of the end of 2023, ranking among the top 1000 banks globally and top 100 in China [2] - East Asia Bank, founded in 1918, has total assets of 875.2 billion HKD (approximately 112.1 billion USD) as of June 30, 2024, and operates around 120 branches globally, providing comprehensive corporate banking, personal banking, wealth management, and investment services [3]