China guangfa bank was established in September 1988, 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, as a pilot bank for financial system reform in China, was established on the beautiful Pearl River and is one of the earliest joint-stock commercial banks in China.
On April 8, 201/year, the original registered name of Guangdong Development Bank Co., Ltd. was changed to Guangfa Bank Co., Ltd. On March 9th, 2020, the ranking of 20 19 China 100 banks was released, and Guangfa Bank ranked 16.
The business scope of Guangfa Bank includes bill acceptance and discount; Issuing financial bonds; Absorb public deposits; Issue short-,medium-and long-term loans; Handle domestic and international settlement; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds, financial bonds and other securities; Engage in interbank lending, etc.
Business scope of Guangfa Bank:
The business scope of Guangfa Bank is to provide letter of credit services and guarantees; Acting for payment 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 and agents other than stocks.
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.
Reference to the above content: Baidu Encyclopedia-Guangfa Bank