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Bank of East Asia (China) Ltd., a fully owned subsidiary of Hong Kong-based Bank of East Asia (BEA), has opened a new sub-branch in Zhanjiang, Guangdong Province. The new outlet provides comprehensive yuan and foreign currency banking services.
It marks an important addition to the bank’s branch network in south China, since the city of Zhanjiang, located in the southwestern part of the province, is a major port and trade center in south China.
The branch is also the eighth “cross-location” sub-branch established by BEA China in Guangdong under the liberalization measures of the Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement.
BEA China operates 31 outlets in Guangdong.
Electronic Info Boom
Chinese electronic information enterprises on this year’s top 100 list totaled 1.76 trillion yuan ($275.1 billion) in main business revenues. The figure, which accounts for 24 percent of the sector’s total, showed an increase of 14.7 percent from that of the enterprises on the top 100 list last year, said Gao Sumei, an official of the Ministry of Industry and Information Technology (MIIT).
Among them, 34 enterprises saw their main business revenues exceed 10 billion yuan ($1.57 billion), up by seven from that of last year’s top 100. Chinese electronics giant Huawei ranked first in terms of main business revenue, followed by Lenovo and Haier.
Total profits of these enterprises reached 88.4 billion yuan ($13.88 billion), taking up 27 percent of the sector’s total. And 23 companies reported more than 1 billion yuan($156.8 million) in profits.
It marks an important addition to the bank’s branch network in south China, since the city of Zhanjiang, located in the southwestern part of the province, is a major port and trade center in south China.
The branch is also the eighth “cross-location” sub-branch established by BEA China in Guangdong under the liberalization measures of the Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement.
BEA China operates 31 outlets in Guangdong.
Electronic Info Boom
Chinese electronic information enterprises on this year’s top 100 list totaled 1.76 trillion yuan ($275.1 billion) in main business revenues. The figure, which accounts for 24 percent of the sector’s total, showed an increase of 14.7 percent from that of the enterprises on the top 100 list last year, said Gao Sumei, an official of the Ministry of Industry and Information Technology (MIIT).
Among them, 34 enterprises saw their main business revenues exceed 10 billion yuan ($1.57 billion), up by seven from that of last year’s top 100. Chinese electronics giant Huawei ranked first in terms of main business revenue, followed by Lenovo and Haier.
Total profits of these enterprises reached 88.4 billion yuan ($13.88 billion), taking up 27 percent of the sector’s total. And 23 companies reported more than 1 billion yuan($156.8 million) in profits.