Industrial Bank is a joint-stock commercial bank. Industrial Bank was established in August, 1988, and its head office is located in Fuzhou, Fujian Province. It is one of the first joint-stock commercial banks approved by the People's Bank of the State Council and China. In addition, Industrial Bank is a private holding bank and a private joint-stock commercial bank. 1On August 26th, 988, as one of the first joint-stock commercial banks, Industrial Bank came into being along the Minjiang River. It is one of the first joint-stock commercial banks approved by the People's Bank of the State Council and China. Its head office is located in Fuzhou, Fujian Province, and it was officially listed on the Shanghai Stock Exchange on February 5, 2007 (stock code: 60 1 166) with a registered capital of 10786 million yuan. The main business scope of Industrial Bank includes: absorbing public deposits; Issue short-,medium-and long-term loans; Handle domestic and international settlement; Handle bill acceptance and discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds and financial bonds; Acting as an agent to issue securities other than stocks; Buying and selling, acting as an agent to buy and sell securities other than stocks; Asset custody business; Engage in interbank lending; Buying and selling, acting as an agent to buy and sell foreign exchange; Foreign exchange settlement and sale business; Engaged in bank card business; Providing letter of credit services and guarantees; Acting for payment and insurance agency business; Provide safe deposit box service; Financial consultant, credit investigation, consultation and witness business; Other businesses approved by China Banking Regulatory Authority.