Guangdong Development Bank
China guangfa bank was established in September 1988 with a registered capital of RMB114.08 million, and its headquarters is located at No.713, Dongfeng east road, Yuexiu district, Guangzhou, China. With the approval of the People's Bank of the State Council and China, Guangdong Development Bank, as a pilot bank for financial system reform in China, was established on the beautiful Pearl River and is one of the earliest joint-stock commercial banks in China.
On April 8, 20 1 1, with the approval of the regulatory authorities and relevant government departments, the original registered name of Guangdong Development Bank Co., Ltd. was changed to "Guangfa Bank Co., Ltd.". The English name was changed to "China Guangfa Bank" (hereinafter referred to as "Guangfa Bank").
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The Historical Evolution of Guangfa Bank
Founded in September, 1988, with a registered capital of114.08 million yuan, it is headquartered at No.713 Dongfeng East Road, Yuexiu District, Guangzhou City, China.
1993165438+18 October, China guangfa bank opened a branch in macau, which is the first China joint-stock commercial bank to open in hong kong and Macao, with general banking services.
In 2006, Guangfa Bank successfully completed the reform and reorganization, introduced world-class foreign-funded enterprises such as Citigroup and IBM Credit, and powerful domestic well-known enterprises such as China Life Insurance, State Grid and CITIC Trust, and the newly introduced investor team obtained the controlling right and management right of Guangdong Development Bank. China Guangfa Bank will take the opportunity of introducing domestic and foreign investors, improve its corporate governance and internal control mechanism, learn and draw lessons from advanced banking service concepts, management experience and product development and maintenance technology, effectively improve its innovation ability and management level, provide high-quality financial services for the public and China's economic development, and strive to become a modern commercial bank with strong profitability, strong capital strength, excellent brand image, leading technology and advanced internal control, so as to satisfy shareholders, customers and employees.
On August 24th, 2006, Guangfa Bank and Asian Development Bank formally signed the Share Subscription Agreement and the Strategic Cooperation Agreement, and issued 66 million shares to them. Since then, Guangfa Bank has become one of the commercial banks with the highest proportion of foreign shares in China.
On June 3rd, 2007, 65438+ Guangfa Bank started IPO application.
On June 30, 2007, 65438+, the enlarged meeting of the board of directors of the National City Commercial Bank Development Forum was held in Tianjin. 12 directors (presidents) of competent banks and some city commercial banks attended the meeting, and relevant leaders of the CBRC were invited to attend the meeting as non-voting participants. President Wu Taipu of China Guangfa Bank was invited to attend the meeting. At the meeting, Guangfa Bank was elected as the director of the National Urban Commercial Bank Development Forum.
On September 3rd, 2007, Guangfa Bank became a non-quotation bank member of SHIBOR (Shanghai Interbank Offered Rate) quotation group, and began to make bilateral quotations for SHIBOR.
Guangfa Bank has set up 65,438+05 tier-one branches, 35 tier-two branches and 6 directly affiliated branches, as well as Macao branch and Hong Kong representative office, with more than 500 outlets, and established correspondent bank relations with 965,438+07 banks in 83 countries and regions around the world, initially forming a pattern of large-scale urbanized commercial banks. According to the ranking of global 1000 big banks by the British "Banker" magazine, Guangdong Development Bank has been selected as one of the top 500 global banks for four consecutive years.
On March 1 March, 2065438, China Life announced that it had signed relevant acquisition agreements with Citigroup and IBM Credit, and planned to acquire 3.648 billion shares of Guangfa Bank held by the latter at a price of 6.39 yuan per share, with a total consideration of about 23.30.10.20 billion yuan. After the transaction is completed, the company will hold about 6.729 billion shares of Guangfa Bank, and its shareholding ratio will increase from 20% to 43.686%, making it the single largest shareholder of Guangfa Bank.
References:
Baidu encyclopedia guangfa bank