Introduction of Guangzhou Bank Electronic Settlement Center

Guangzhou Bank Electronic Settlement Center was established in June, 1998. Is approved by the head office of the People's Bank of China, engaged in fund settlement institutions. The settlement center is a professional electronic financial service organization engaged in the operation of payment channels and the construction of payment systems, integrating service, application, development and operation and maintenance. It is a regional capital settlement hub with the largest domestic business volume at present. In June, 2006, the settlement center co-located with the clearing center of Guangzhou Branch of China People's Bank, and further assumed the responsibility of operation, maintenance and management of Guangdong payment and settlement system. At present, the settlement center is not only the payment and clearing service provider in Guangdong Province, but also the operation and maintenance manager of the payment and clearing system.