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Inter-bank RMB borrowing and lending: It refers to the financing without warranty made by financial institutions in the national inter-bank borrowing and lending market (hereinafter referred to as borrowing-lending market for short) as approved by People’s Bank of China through unified inter-bank borrowing and lending network, including electron...
Brief Introduction to China Guangfa Bank. 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.
Brief Introduction to China Guangfa Bank. Established in July 1988, China Guangfa Bank is one of the earliest-incorporated joint-stock commercial banks in China. In light of the vision to be a first-class commercial bank, the Bank strives to be the best mid to high-end retail bank and the most efficient SME bank in China, and has cultivated a ...
Product Introduction. Packing loan means that the beneficiary of the L/C applies for short-term financing with CGB with a full set of original L/C for stock export and promises to surrender the documents to CGB after export and to transfer the receivables of the L/C to CGB for returning the financing fund. Product Features.
Product Overview. The account receivables pool financing means that the seller has a stable trading relation with multiple specific buyers and that the account receivables are maintained above a certain balance. The seller gathers the scattered daily account receivables, forms them into an account-receivables “pool” and transfers it to the bank.
CGB 2014 Annual Report. CGB 2013 Annual Report. CGB 2012 Annual Report. CGB 2011 Annual Report. More>. Personal Banking.
Product Features. 1.They replace commercial credit with bank credit, and solve the problem of mutual distrust between the parties in a contract, thus facilitating contract execution.
