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Bank of East Asia (BEA) expanded to the development zone and became a member of the mushrooming businesses along the Jinma Road, where the CBD of Dalian Development Area (DDA) is located. The new branch is the 18th financial institute that has set up branches and offices in DDA.
DDA boasts more than 100 branches and offices of financial institutes. All the national commercial banks now have presence in DDA except Industrial Bank of Fujian Province and Evergrowing Bank of Shandong Province. The betterment of investment environment, market space and catering services are among the reasons why financial institutes strive to seize hold of the economic growth in DDA. Especially with the establishment of several influential projects, DDA has become a ever growing market and development opportunity to financial institutes at home and abroad. Up to now, more than 2000 foreign enterprises have been set up in DDA. The fortune global 500 companies have raised new requirements to the development of financial institutes. As experts say, the establishment of BEA and Bank of Tokyo-Mitsubishi UFJ is a challenge for the domestic banks both in terms of service and international management system.
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