China Guangfa Bank (, abbr: CGB) is a commercial banking corporation headquartered in

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. The bank was established in September 1988 as Guangdong Development Bank (),. As CGB's largest shareholder, Citigroup has a 20% stake, while IBM holds 4.74%. China Life and State Grid each owns 20%, CITIC Trust, 12.85% and Puhua will hold the remaining 8% of the equity sold.Forbes
retrieved at 11 Am, Dec 1st, 2006. CGB offers a broad range of financial services including

personal Personal may refer to: Aspects of persons' respective individualities * Privacy * Personality * Personal, personal advertisement, variety of classified advertisement used to find romance or friendship Companies * Personal, Inc., a Washington, ...

and

corporate banking Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, ins ...

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high- ...

broker-dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and d ...

and advisory services, issuance services, and

treasury services Treasury services is a function of an investment bank which provides transaction, investment, and information services for chief financial officers or treasurers. Treasury services concentrates and invests client money, and provides trade fina ...

. It has more than 500 branches in

mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

. Based in the Guangdong province bordering Hong Kong, GDB has assets of $265.8 billion (1.648 trillion RMB 2014-12-31 data) with its network expanded to include 34 branches, 661 business outlets, 114 Small Enterprises Banking Centers and 13 smart banks in 71 cities at prefecture level or above in 16 provinces (municipalities and autonomous regions). The Bank has over 9 million e-banking customers, over 27 million credit cards issued and correspondent bank partnerships with 1,687 bank headquarters and their branches in more than 128 countries and regions. It is the first financial institution to establish the strategic cooperation of multi-channel and multi-application e-payment with China UnionPay.

References

{{authority control Banks of China Government-owned companies of China Companies based in Guangzhou Banks established in 1988