Where is Guangfa Bank?

Guangfa Bank is from Guangzhou. The full name of Guangfa Bank is Guangfa Bank Co., Ltd., which was established in September 1988. China Guangfa Bank is headquartered at No.713 Dongfeng East Road, Yuexiu District, Guangzhou City, Guangdong Province, China. Guangfa Bank is one of the earliest joint-stock banks in China, and Guangdong Development Bank is a pilot bank for financial reform in China.

Brief introduction of Guangfa Bank

1. Guangfa Bank was established in September 1988 with a registered capital of RMB10/4.08 million, and its headquarters is located at No.713 Dongfeng East Road, Yuexiu District, Guangzhou City, Guangdong Province, China. With the approval of the People's Bank of the State Council and China, Guangdong Development Bank was established on the beautiful Pearl River as a pilot bank for financial system reform in China, and it is one of the earliest joint-stock commercial banks in China.

2.2011On April 8, with the approval of the regulatory authorities and relevant government departments, the original registered name of Guangdong Development Bank Co., Ltd. was changed to "Guangfa Bank Co., Ltd.". The English name was changed to "China Guangfa Bank" ("China Guangfa Bank"). By the end of June 2020, the total assets of Guangfa Bank were 2.8 1 trillion yuan, an increase of 6.84% compared with the beginning of 2020; Liabilities totaled 2.59 trillion yuan, up 7.02% from the beginning of 2020. In the first half of 2020, Guangfa Bank achieved an operating income of 40.907 billion yuan and a net profit of 6.486 billion yuan. On March 9th, 2020, "20 109 China Banking 100 Top List" was released, and Guangfa Bank ranked 16.

3. Scope of business

The business scope of Guangfa Bank is all banking business stipulated in the Commercial Banking Law, which mainly includes: absorbing public deposits and issuing short, medium and long-term loans; Handle settlement; Handle bill discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds; Engage in interbank lending; Providing letter of credit services and guarantees; Agency receipts and payments and insurance agency business; Provide safe deposit box service; Foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign currency exchange; International settlement; Settlement and sale of foreign exchange; Inter-bank foreign exchange lending; Acceptance and discount of foreign exchange bills; Foreign exchange loans; Foreign exchange guarantee; Issuing foreign exchange credit cards; Buying and selling foreign currency securities other than stocks and acting as an agent; Issuing and acting as an agent to issue foreign currency securities other than stocks; Self-operated and valet foreign exchange transactions; Acting as an agent for issuing and paying foreign credit cards; Offshore financial business; Credit investigation, consultation and witness business. Other businesses approved by the People's Bank of China and China Banking Regulatory Authority.