Bank Name: China Guangfa Bank.
Type: Joint-stock company.
Founded: 1988.
Headquarters: Guangzhou, China.
A commercial banking corporation with its main headquarters in Guangzhou, People’s Republic of China. The Guangdong Development Bank was founded in September 1988. Citigroup is CGB’s largest shareholder, holding 20% of the company, while IBM is the second-largest shareholder with 4.74%. 20% of the sold shares are held by China Life, 20% by State Grid, 12.85% by CITIC Trust, and 8% by Puhua.
