guangfa bank was established in September 1988 with a registered capital of 11.48 billion yuan, and its headquarters is at No.713 Dongfeng east road, Yuexiu district, Guangzhou, Guangdong province, 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 by the beautiful Pearl River, and it is one of the earliest joint-stock commercial banks in China. On April 8, 211, the original registered name of Guangdong Development Bank Co., Ltd. was changed to "Guangfa Bank Co., Ltd." with the approval of the regulatory authorities and relevant government departments. The English name was changed to "ChinaGuangfaBank" ("China guangfa bank").