The Bank of East Asia (China) (BEA China) has opened a new branch in Fuzhou.

The new branch will deliver a broad range of banking and wealth management services to clients.

The Fuzhou branch will provide domestic and foreign-invested corporate customers a range of banking and financial solutions in Renminbi and foreign currencies, including customer deposits, short, medium, and long-term loans, bills acceptance and discounting.

Additionally, it will also offer trading of government bonds, financial bonds and other securities (except equities), documentary credit and bank guarantees, remittance and settlement as well as credit search and consulting services.

BEA China currently operates 28 branches in the country including the new Fuzhou Branch in Fujian Province.

Following the move, BEA will close its Fuzhou representative office in the coming future.

David K.P. Li, chairman & chief executive of BEA and Chairman of BEA China, said: "BEA’s presence in Fuzhou dates back to the opening of its Fuzhou Representative Office in 1992.

"The establishment of the Fuzhou Branch clearly demonstrates our commitment to bringing comprehensive, quality banking solutions to the people and enterprises of this vibrant region. BEA China now operates seven outlets in Fujian Province, namely Fuzhou Branch, Xiamen Branch, and five sub-branches in Xiamen that serve a diverse customer base, "added Li.