China Guangfa Bank

China Guangfa Bank

Type	Joint stock company
Industry	Banking, Finance
Founded	1988
Headquarters	Guangzhou, Guangdong, People's Republic of China
Key people	Mr. Morris Li - President and Executive Director
Products	Financial Services
Revenue	n/a
Net income	n/a
Number of employees	n/a
Website	www.cgbchina.com.cn

China Guangfa Bank
Traditional Chinese	廣發銀行
Simplified Chinese	广发银行
Transcriptions Standard Mandarin Hanyu Pinyin Guǎng Fā Yínháng Yue: Cantonese Jyutping Gwong2 Faat3 Ngan2 Hong4 Yale Romanization Gwóng Faat Ngán Hòhng

Logo during the period of Guangdong Development Bank

China Guangfa Bank (simplified Chinese: 广发银行; traditional Chinese: 廣發銀行; pinyin: Guǎng Fā Yínháng, abbr: CGB) is a commercial banking corporation headquartered in Guangzhou, People's Republic of China. The bank was established in September 1988 as Guangdong Development Bank (simplified Chinese: 广东发展银行; traditional Chinese: 廣東發展銀行; pinyin: Guǎngdōng Fāzhǎn Yínháng),. 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.

CGB offers a broad range of financial services including personal and corporate banking, asset management, wealth management, broker-dealer and advisory services, issuance services, and treasury services. It has more than 500 branches in mainland China, Hong Kong and Macau. Based in the Guangdong province bordering Hong Kong, GDB has assets of $47.9 billion, 12 million consumer customers, 9 million bank cardholders, 16,000 small and medium-sized business customers and 12,474 employees.

External links

• (Chinese) China Guangfa Bank's official homepage