1, Profile of Guangfa Bank: The headquarters of Guangfa Bank is in Guangzhou. 1In September, 1988, with the approval of the People's Bank of the State Council and China, Guangdong Development Bank was established along the beautiful Pearl River as a pilot bank for financial system reform in China. It is one of the earliest joint-stock commercial banks in China. Guangfa Bank successfully completed the reform and reorganization, and introduced foreign-funded enterprises such as Citigroup and IBM Credit, as well as powerful domestic well-known enterprises such as China Life Insurance, State Grid and CITIC Trust. The newly introduced investor team obtained the controlling right and management right of Guangdong Development Bank.
2. 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.
3. 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, at 65438, Guangfa Bank started IPO application.
4.20071October 30th, 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.