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Is Guangfa Bank a state-owned enterprise or a private enterprise?
Guangfa Bank is a state-owned enterprise, but it is not a wholly state-owned bank.

The full name of Guangfa Bank is Guangdong Development Bank, and Guangfa Bank is a joint-stock bank. Guangfa Bank was established with the approval of the People's Bank of the State Council and China. Its largest shareholders are China Renshou and CITIC Trust, holding 43% and 42% respectively. China Life is a state-owned enterprise.

I. 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; 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.

Second, customer service.

Guangfa Bank upgraded its customer service system in an all-round way, and unified special service short number 95508 to provide services to users 24 hours a day. Users of Guangfa Bank in the following provinces and cities can dial directly: Shijiazhuang, Macau, Guangzhou, Beijing, Shanghai, Hangzhou, Ningbo, Wenzhou, Jinan, Zhengzhou, Pingdingshan, Anyang, Xinxiang, Kunming, Qujing, Yuxi, Shenzhen, Wuhan, Nanjing and Wuxi.