This report does not constitute a rating action. What's new: On Sept. 16, 2026, we lowered our assessment of economic risk facing the Chinese banking system, reflecting the sector's strengthened economic resilience, supported by technological advances and significant financial reserves. Our ratings on Bank of East Asia (China) (BEA China; A-/Stable/A-2) are unchanged because we regard the bank as a core subsidiary of The Bank of East Asia (BEA) and equalize the ratings with those on the parent. Why it matters: We believe BEA China plays a critical role in supporting the group's Greater China business strategy. The bank is an important platform to facilitate cross-border services for the group's regional clients. It also provides financial services to local customers
