Overseas Operations
BEA operates overseas in several locations serving expatriate Hong Kong residents. A 70% stake in Bank of East Asia Canada was sold to Industrial and Commercial Bank of China in early 2010 and all branches were renamed ICBC Canada in July. BEA USA remains the only wholly owned unit of BEA in North America. However, a preliminary agreement has been reached with ICBC to sell a majority stake in this operation as well.
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“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)