Guangdong Development Bank was founded in Guangzhou in 1988, and is one of the earliest shareholding commercial banks in China. Its business originally serviced South China, but over the past 20 or so years, the branch network has expanded to other cities throughout the country.
To mark the milestone of becoming one of the first-class commercial banks in China, on 8 April 2011, the bank changed its name to China Guangfa Bank (CGB) and launched its new logo, the design of which means "gather wealth".
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