Bank of Changsha Co Ltd (601577)

Bank of Changsha Co., Ltd. provides various commercial banking products and services to personal and business customers in China. The company operates through four segments: Corporate business, Personal banking, Fund business, and Other businesses. The Corporate business segment offers deposits, loans, settlements, trade-related products and other services. The Personal banking segment provides individual customers, including deposits, credit and debit cards, consumer credit cards, loans and mortgages and personal asset management. The Fund business segment provides interbank deposit/call business, resale/repurchase business, investment business, foreign exchange trading and other proprietary and agency business. It also offers deposit services, such as corporate demand deposits, unit large deposit certificates, and unit foreign currency agreement deposit; loans services, such as working capital, fixed asset, merger and acquisition, and property loans; and investment banking, which includes medium-term notes, targeted procurement network, asset-backed, project proceeds notes, debt financing instruments, asset securitization, financing guarantee, syndicated loans, and merger and acquisition financing services. In addition, it provides VAT electronic invoice, and corporate e-bank services, as well as an integrated financial service platform. Further, the company offers open letters of credit, import bills, import bills collection, letters of guarantees, and payment services; buyer and seller financing; letters of credit issuance, letters of credit notice, letters of credit review/negotiation, import and export documentary collection, and foreign and forward exchange guarantees; and spot foreign exchange settlement and sale, and RMB foreign exchange swap. The company was founded in 1997 and is headquartered in Changsha, China.