China Guangfa Bank

China Guangfa Bank (simplified Chinese: 广发银行; traditional Chinese: 廣發銀行; pinyin: Guǎng Fā Yínháng, abbr: CGB) is a commercial banking corporation headquartered in Guangzhou, People's Republic of China.

[1] As CGB's largest shareholder, Citigroup has a 20% stake, while IBM holds 4.74%.

China Life and State Grid each owns 20%, CITIC Trust, 12.85% and Puhua will hold the remaining 8% of the equity sold.

Based in the Guangdong province bordering Hong Kong, GDB has assets of $265.8 billion (1.648 trillion RMB) as of the end of 2014, with its network expanded to include 34 branches, 661 business outlets, 114 Small Enterprises Banking Centers and 13 smart banks in 71 cities at prefecture level or above in 16 provinces (municipalities and autonomous regions).

It is the first financial institution to establish the strategic cooperation of multi-channel and multi-application e-payment with China UnionPay.

Logo during the period of Guangdong Development Bank