Incorporated in Hong Kong in 1918, The Bank of East Asia ("BEA") is dedicated to providing comprehensive retail and commercial banking services to its customers in Hong Kong, Mainland China, and other major markets around the world. BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HK$697.4 billion (US$89.9 billion) as of 30th June, 2013. The Bank is listed on The Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index. In Mainland China, BEA's operational presence dates back to the opening of the Bank's Shanghai Branch in 1920. Today, BEA Group operates one of the largest networks of any foreign bank, with nearly 122 outlets in major urban centres nationwide. BEA has operated continuously in China since the establishment of its first mainland branch in Shanghai in 1920. The Bank's China operations have steadily grown over the past 30 years of economic reform and today, BEA operates one of the most extensive branch networks of any foreign bank on the mainland.