China Agricultural Bank Co., Ltd. is a state-owned joint-stock bank in People's Republic of China (PRC). It is one of the four traditional state-owned commercial banks with a registered capital of 260 billion yuan and the third largest assets in China.
The predecessor of China Agricultural Bank can be traced back to the Agricultural Cooperative Bank established in 195 1. Since the late 1970s, China Agricultural Bank has experienced different stages of development, such as national specialized banks, wholly state-owned commercial banks and state-controlled commercial banks. 2009
On June+10, 65438, China Agricultural Bank was restructured into a joint stock company. On July 20 10, ABC was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively.
Extended data
After the establishment of People's Republic of China (PRC), according to the needs or internal opinions, China Agricultural Bank was established and cancelled many times. As early as 195 1, the former Peasant Bank of China and the Cooperative Bank of the Republic of China merged into the Agricultural Cooperative Bank. 1952, this bank was merged into the People's Bank of China, and the Agricultural Bank of China itself took the Agricultural Cooperative Bank as one of its predecessors.
The first bank named China Agricultural Bank was established in 1955, and this bank was merged into China People's Bank in 1957. 1963, the governments of People's Republic of China (PRC) and China set up the Agricultural Bank again, but two years later this bank was merged into the People's Bank. Today's Agricultural Bank of China was established in 1979.
The original intention of China Agricultural Bank was to provide loans for agriculture and rural construction, but today the business scope of China Agricultural Bank has gone far beyond this purpose, but providing financial services for rural areas and agricultural enterprises is still an important service scope of this bank.
Baidu Encyclopedia-Agricultural Bank of China
Brief Introduction of Agricultural Bank of China-Agricultural Bank of China
Baidu Encyclopedia-China Agricultural Bank Co., Ltd.