BEA complies with China's data centre requirement

FINANCIAL TECHNOLOGY | BEA complies with China's data centre requirement

BEA China became the first locally-incorporated foreign bank in China to open a data centre.

The China Banking Regulatory Commission requires all locally-incorporated foreign banks in China to operate their own domestic data centres before March 2011. BEA China began preparatory work on its data centre in the last quarter of 2007.

This state-of-the-art data centre will increase BEA China's processing capacity and operational efficiency to accommodate its rapid business expansion on the mainland.

"Strong IT capacity and robust infrastructure are of paramount importance to our business operations and customers. We are proud to establish this new data centre in Shanghai, which is an important strategic investment by the Bank Group. The facility highlights our commitment to and confidence in China, where we have identified significant business opportunities," said BEA China's Vice Chairman, Mr. Chan Kay-cheung.

The brand new data centre is located in the Shanghai Financial Information Service Industrial Park in Zhangjiang, Pudong, which aims to become the platform for the back offices of domestic and foreign financial institutions and for business process outsourcing. With a gross floor area of about 5,000 square metres, the data centre centralises the data management of BEA China's nationwide branch network, and processes millions of business transactions and customer data exchanges every day. The data centre will be further expanded to manage back-office data supporting functions for BEA China in the future.