The full name of Guangfa Bank Co., Ltd. is Guangfa Bank, and there is no difference between them. Guangfa Bank was established in 1988, formerly known as Guangdong Development Bank, and approved by the People's Bank of the State Council and China. It is one of the first national joint-stock commercial banks in China. Guangfa Bank Co., Ltd. (formerly Guangdong Development Bank Co., Ltd.), founded in 1988, is located in Guangzhou, Guangdong Province, and is an enterprise mainly engaged in monetary and financial services.