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Bank of East Asia boosts mainland retail lending amid internet finance curbs

Profit came surging back last year as mainland businesses turned around

HONG KONG -- Bank of East Asia looks to grow its consumer banking services in China, as competition eases thanks to Beijing's ongoing crackdown on internet financing.

The Hong Kong-based, family-run lender plans to double the size of its retail loan customer base on the mainland and raise its share of retail lending from 19% now to 30% by 2020, group management revealed on Thursday.

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