Cecilia Xu

China Guangfa Bank (CGB), founded in September 1988 with the approval of the State Council and People’s Bank of China as a piloting bank for the Chinese financial policy reform, is one of the earliest-incorporated joint stock commercial banks. CGB's continuous expansion over more than two decades of endeavor serves as the testimony of every progress China has achieved in economic liftoff and financial policy reform. By the end of December 2010, it has total assets amounting to RMB 814.7 billion. For over 20 years of development, CGB has been striving to build itself from a regional bank into a national joint stock commercial bank with competitive edge and influence, extending its footprints to all major regions in mainland China and the Macao SAR. The Bank has establish 29 branches directly under Head Office and a total of 544 outlets, 676 self-service banks and over 3600 self-service facilities in economically-advanced cities such as Beijing, Shanghai, Tianjin, Hangzhou, Nanjing and Macao.