The Historical Evolution of Guangfa Bank
Founded in September, 1988, with a registered capital of114.08 million yuan, it is headquartered at No.713 Dongfeng East Road, Yuexiu District, Guangzhou City, China.
1993165438+18 October, China guangfa bank opened a branch in macau. as the first overseas bank of China joint-stock commercial bank, it has general banking services.
In 2006, Guangfa Bank successfully completed the reform and reorganization, introduced world-class foreign-funded enterprises such as Citigroup and IBM Credit, and powerful domestic well-known enterprises such as China Life Insurance, State Grid and CITIC Trust, and the newly introduced investor team obtained the controlling right and management right of Guangdong Development Bank. China Guangfa Bank will take the opportunity of introducing domestic and foreign investors, improve its corporate governance and internal control mechanism, learn and draw lessons from advanced banking service concepts, management experience and product development and maintenance technology, effectively improve its innovation ability and management level, provide high-quality financial services for the public and China's economic development, and strive to become a modern commercial bank with strong profitability, strong capital strength, excellent brand image, leading technology and advanced internal control, so as to satisfy shareholders, customers and employees.
On August 24th, 2006, Guangfa Bank and Asian Development Bank formally signed the Share Subscription Agreement and the Strategic Cooperation Agreement, and issued 66 million shares to them. Since then, Guangfa Bank has become one of the commercial banks with the highest proportion of foreign shares in China.
On June 3rd, 2007, 65438+ Guangfa Bank started IPO application.
On June 30, 2007, 65438+, the enlarged meeting of the board of directors of the National City Commercial Bank Development Forum was held in Tianjin. 12 directors (presidents) of competent banks and some city commercial banks attended the meeting, and relevant leaders of the CBRC were invited to attend the meeting as non-voting participants. President Wu Taipu of China Guangfa Bank was invited to attend the meeting. At the meeting, Guangfa Bank was elected as the director of the National Urban Commercial Bank Development Forum.
On September 3rd, 2007, Guangfa Bank became a non-quotation bank member of SHIBOR (Shanghai Interbank Offered Rate) quotation group, and began to make bilateral quotations for SHIBOR.
Guangfa Bank has set up 65,438+05 tier-one branches, 35 tier-two branches and 6 directly affiliated branches, as well as Macao branch and Hong Kong representative office, with more than 500 outlets, and established correspondent bank relations with 965,438+07 banks in 83 countries and regions around the world, initially forming a pattern of large-scale urbanized commercial banks. According to the ranking of global 1000 big banks by the British "Banker" magazine, Guangdong Development Bank has been selected as one of the top 500 global banks for four consecutive years.
On March 1 March, 2065438, China Life announced that it had signed relevant acquisition agreements with Citigroup and IBM Credit, and planned to acquire 3.648 billion shares of Guangfa Bank held by the latter at a price of 6.39 yuan per share, with a total consideration of about 23.30.10.20 billion yuan. After the transaction is completed, the company will hold about 6.729 billion shares of Guangfa Bank, and its shareholding ratio will increase from 20% to 43.686%, making it the single largest shareholder of Guangfa Bank.
The business scope of Guangfa Bank
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; 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 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.
In 2006, Guangfa Bank successfully completed the reform and reorganization, and introduced world-class foreign-funded enterprises such as Citigroup and IBM Credit, as well as powerful domestic well-known enterprises such as China Life Insurance, State Grid and CITIC Trust. At the same time, we introduce advanced management concepts and service mechanisms, constantly surpass them, serve you wholeheartedly, and add value every day.