Bank of Guilin is neither a state-owned nor a private enterprise. Bank of Guilin is a new joint-stock commercial bank with independent legal personality jointly initiated and set up by Guilin City Finance, local advantageous enterprises, urban residents and many other shareholders***, which is held by Guilin Municipal Finance Bureau and Guilin City Transportation Investment Holding Group Co. Guilin Bank was established in 1997, the scope of business includes: taking public deposits; issuing short-term, medium-term and long-term loans; handling domestic settlements; handling acceptance and discounting of bills; agency issuance, agency payment and underwriting of government bonds; buying and selling of government bonds and financial bonds; engaging in interbank lending; acting as an agent for other banks' financial services; acting as an agent for the collection and payment of payments; providing safe deposit box services; and other businesses approved by the banking supervision and management institutions. Other businesses approved by the Banking Supervision and Administration Agency, etc.