BEA teams up with GRCB to expand WMC southbound business

GRCB is BEA’s first WMC partner bank outside the BEA group.

The Bank of East Asia (BEA) has partnered with Guangzhou Rural Commercial Bank (GRCB) to expand its cross-boundary wealth management (WMC) 2.0 southbound business.

With this, qualified BEA investors in the Greater Bay Area (GBA) will be able to access the distribution network and expert services of both banks.

GRCB is the first WMC partner bank of BEA outside the Hong Kong-based financial institution’s group.

BEA offers over 260 eligible fund products in its southbound services, including “non-complex” funds primarily investing in global or regional equity and fixed income.