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BEA HOPES TO LIST ENTIRE, OR JUST CHINESE BIZ ON SHANGHAI BOURSE

Posted on: Wed, 26 Aug 2009 01:09:00 EDT

Symbols: BKEAY

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BEIJING, Aug 26, 2009 (AsiaPulse via COMTEX) --
BKEAY | Quote | Chart | News | PowerRating -- The Hong Kong-based Bank of
East Asia (SEHK:0023) hopes to list its entire company, or just
its Chinese subsidiary, on the Shanghai bourse, the bank's
acting chief executive officer Brian Li said on Tuesday.

Since no overseas company has ever listed on China's A-share
market, the bank must wait for the Mainland's regulatory
policies to be written, Li said.

Li said the bank's capital adequacy ratio was 13 per cent at
the closing of June, an adequate amount to safeguard it from
pressure to raise capital.

The bank realized 1.67 billion HK dollars (US$215.5 million)
of pretax profit in the first half of this year, 44 per cent of
which was contributed by its business on the Chinese
mainland.

BEA now has 71 branches on the Chinese mainland.

(XIC) rw

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