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Bank of East Asia Ltd, whose shares doubled in the past year, said 2006 profit rose 25 percent to a record as it extended more loans in China, the world's fastest-growing major economy.

Net income rose to HK$3.43 billion (US$439 million), or HK$2.22 a share, from with HK$2.75 billion or HK$1.82 a share a year earlier, BEA said.

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