Guangzhou Rural Commercial Bank Co., Ltd. 1551.HK Stock

Guangzhou Rural Commercial Bank Co., Ltd. provides banking services. It operates through four segments: Corporate Banking, Retail Banking, Financial Market Business, and Others. The company offers demand and time deposits; personal consumption and mortgage loans; residential mortgage loans; credit cards overdraft; and personal finance products. It also provides corporate loan products, such as working capital, fixed assets, and finance lease receivable services, as well as finance leasing services. In addition, the company offers investment banking services; short, medium, and long-term loans; and domestic and international settlements, and bill acceptance and discounting services. Further, it provides money market placements, investments and repurchasing, and foreign exchange services; foreign currency remittance; settlement and sale of foreign exchange; foreign credit investigations; inter-bank placements; debit and credit cards; payment collection and insurance agency, safe locker, advisory and attestation, fund and insurance assets trusteeship, and cash management services; and agency services for issuing and underwriting government bonds. Additionally, the company trades in government and financial bonds; and provides discounted bill, wealth management, and private banking services, as well as Internet, mobile, and WeChat banking services. It has outlets; branches in Foshan, Qingyuan, Heyuan, Zhaoqing, and Zhuhai province, as well as sub-branches and a sub-office; ATM's; and self-service inquiry terminals, smart service terminals, and smart banking outlets. The company was formerly known as Guangzhou Rural Credit Cooperative Unions and changed its name to Guangzhou Rural Commercial Bank Co., Ltd. The company was founded in 1952 and is headquartered in Guangzhou, the People's Republic of China.