Guangfa’s special installment quota can be used to handle installment business, but it cannot be used for card consumption and cash withdrawal. It is illegal to withdraw cash. This limit is independent of the credit card limit. You must apply to China Guangfa Bank before using it. The bank will only provide a special installment limit after approval. Only then can you purchase goods in installments.

China Guangfa Bank (full name: Guangfa Bank Co., Ltd.) is one of the earliest joint-stock commercial banks in China. It was established on the banks of the Pearl River in 1988 and is now headquartered in Guangzhou, Guangdong Province, China. city.

On April 8, 2011, the original name "Guangdong Development Bank Co., Ltd." was officially changed to "Guangfa Bank". Mainly engaged in comprehensive financial services business, later "China Life" bought a large number of shares in China Guangfa Bank and became the largest shareholder.

Business Scope

The business scope of Guangfa Bank is all banking businesses stipulated in the "Commercial Bank Law", which mainly includes: absorbing public deposits, issuing short-term, medium-term and long-term loans; handling settlements ; handle bill discounting; issue financial bonds; act as an agent for issuance, redemption, and underwriting of government bonds; buy and sell government bonds; engage in inter-bank lending; provide

certificate services and guarantees; act as an agent for collection and payment and insurance business; Providing safe deposit box services; foreign exchange deposits; foreign exchange loans; foreign exchange remittances; foreign currency exchange; international settlement; foreign exchange settlement and sales; interbank foreign exchange lending; acceptance and discounting of foreign exchange bills; foreign exchange borrowings; foreign exchange guarantees; issuance of foreign exchange credit cards; trading and agency sales Foreign currency securities other than stocks;

Issuance and agency issuance of foreign currency securities other than stocks; self-operated and agent foreign exchange trading; agency for the issuance and payment of foreign credit cards; offshore financial business; credit standing Investigation, consulting and witnessing business. Other businesses approved by the People's Bank of China and the China Banking Regulatory Authority.

In 2006, Guangfa Bank successfully completed the reform and reorganization work, introducing world-class foreign companies such as Citigroup and IBM Credit, as well as well-known domestic companies with strong strength such as China Life, State Grid, and CITIC Trust; at the same time, We have introduced advanced management concepts and service mechanisms, continue to surpass, serve you with heart, and add value every day.

Bank name change

On April 8, 2011, Guangdong Development Bank entered a new development milestone-officially changed its corporate name to "Guangfa Bank" and released the theme " The new red logo of "Convergence".

With the approval of regulatory agencies and relevant government departments, the original registered name "Guangdong Development Bank Co., Ltd." was changed to "Guangfa Bank Co., Ltd.", referred to as "Guangfa Bank"; the English name was changed to "China Guangfa Bank" ("China Guangfa Bank"); the legal person's domicile was changed to "No. 713, Dongfeng East Road, Yuexiu District, Guangzhou" (the location of the head office remains unchanged, only the address and house number are changed).