Agricultural Development Bank of China(zhong guo nong ye fa zhan yin hang )

Agricultural Development Bank of China

The Agricultural Development Bank of China, a central financial enterprise, is the only agricultural policy bank in China directly under the leadership of the State Council. It was established in November 1994. The main responsibilities are to raise funds on the basis of national credit in accordance with national laws, regulations, guidelines and policies, undertake agricultural policy financial business, and act as an agent for the allocation of financial funds for agriculture, so as to serve the development of agriculture and rural economy.

The Ministry of Finance and the State Administration of Taxation recently issued the notice on preferential business tax policies for agricultural loans of the Agricultural Development Bank of China, which specifies that from January 1, 2016 to December 31, 2018, agricultural loans will be provided to the head office of the Agricultural Development Bank of China and its branches, including loans for agricultural and rural infrastructure construction, water conservancy construction, rural land circulation and large-scale operation Business tax shall be levied at a reduced rate of 3% on the interest income from the construction of farmers' centralized housing, the construction of rural living environment, and the loans for the transformation of agricultural shantytowns.

brief introduction

The Agricultural Development Bank of China is the only agricultural policy bank directly under the leadership of the State Council. It was established in November 1994. The main responsibilities are to raise funds on the basis of national credit in accordance with national laws, regulations, guidelines and policies, undertake agricultural policy financial business, and act as an agent for the allocation of financial funds for agriculture, so as to serve the development of agriculture and rural economy.

Since the establishment of CCB, the Agricultural Development Bank of China has gone through an extraordinary process of advancing in exploration and developing in reform. Guided by the scientific outlook on development, the Agricultural Development Bank of China conscientiously implements the spirit of the 57th executive meeting of the State Council in 2004, resolutely obeys and serves the national macro-control, comprehensively implements the national policies of strengthening agriculture and benefiting agriculture, and takes the realization of good social benefits as the most important value pursuit. By 2013, it has formed a business development pattern with supporting the national grain and cotton purchase, sale and storage business as the main body and supporting agricultural industrialization operation and agricultural and rural infrastructure construction as the two wings. It has initially established a modern banking framework, achieved a significant leap in business performance, and effectively played a backbone and pillar role in rural finance.

With the comprehensive promotion of new socialist countryside construction and the deepening of rural financial system reform, the Agricultural Development Bank of China has entered an important period of development opportunities. Standing at a new starting point and facing new opportunities, the Agricultural Development Bank of China will, as always, put the implementation of the party's and national policies in the first place, further play the role of policy banks in serving the national macro-control and promoting the development of "agriculture, rural areas and farmers", and strive to be a government bank; it will, as always, adhere to reform and innovation, and actively cooperate with the external supporting reform of the Agricultural Development Bank of China According to the requirements of reasonable development space, scientific governance structure, sound system and mechanism, standardized operation and management, advanced operation means and sustainable development ability, we will improve the system and mechanism, strengthen operation and management, and strive to build a modern agricultural policy bank. We will, as always, support the national grain and cotton purchase, sale and storage business as the main body, and support agricultural industrialization and agricultural development Focus on the construction of village infrastructure and ecological agriculture, strive to cultivate the brand image of "the Bank of building new countryside", and be the bank supporting the construction of new countryside.

Logo and logo

The logo takes the initial letter "a" of the English name of the Agricultural Development Bank of China as the constituent element, contains the shape of ancient Chinese coins, and vividly conveys the industry characteristics of the Agricultural Development Bank of China.

The logo is an equilateral triangle, which has a stable structure and accurately shows the solid foundation and strong strength of the Agricultural Development Bank of China.

The symbol is like a golden mountain. It is majestic, broad and majestic in the world, implying that the Agricultural Development Bank of China takes building a harmonious society and building a new countryside as its own responsibility, and is a strong backing for the construction of a new socialist countryside.

Nature task

The main tasks of the Agricultural Development Bank of China are: according to the national laws, regulations, guidelines and policies, on the basis of the national credit, to raise agricultural policy credit funds, to undertake the agricultural policy and approved agricultural commercial financial business, to provide financial services for agricultural and rural economic development. The Agricultural Development Bank of China is under the guidance and supervision of the people's Bank of China and the China Banking Regulatory Commission.

development history

In order to improve China's rural financial service system, better implement the national industrial policy and regional development policy, and promote the further development of agriculture and rural economy. As early as in the preparatory stage, the investment department of the Agricultural Development Bank of China has put forward a comprehensive development strategy of "investment, loan, rent, debt, term, insurance and guarantee". The goal is to build a coordinated development mode of "direct investment, syndicated loan, financial leasing, asset securitization, agricultural futures, agricultural insurance and financing guarantee".

On April 19, 1994, the State Council of the people's Republic of China issued the "notice on the establishment of the Agricultural Development Bank of China" and approved the articles of association and establishment plan of the bank.

On June 30, 1994, the Agricultural Development Bank of China officially accepted the agricultural policy credit business transferred by the Agricultural Bank of China and the industrial and Commercial Bank of China, with a total of 259.2 billion yuan of loans.

At the end of April 1995, the Agricultural Development Bank of China completed the establishment of provincial branches.

From August 1996 to the end of March 1997, in accordance with the decision of the State Council on the reform of rural financial system, branches below the provincial level were set up, forming a relatively sound institutional system.

In March 1998, the State Council decided to transfer the loan business undertaken by the Agricultural Development Bank of China, such as rural poverty alleviation, comprehensive agricultural development and subsidiary business of grain and cotton enterprises, to the relevant state-owned commercial banks. The Agricultural Development Bank of China mainly focuses on strengthening the closed management of grain, cotton and oil purchase funds.

Since 2004, the business scope of Agricultural Development Bank of China has gradually expanded. First, according to the opinions of the State Council on the reform of grain marketization, the support objects of traditional loan business will be expanded from state-owned grain, cotton and oil purchasing and marketing enterprises to grain, cotton and oil purchasing and marketing enterprises of various ownership systems.

In September 2004, the CBRC approved the Agricultural Development Bank of China to set up loan business for leading enterprises and processing enterprises of grain, cotton and oil industrialization.

In July 2006, the CBRC approved the Agricultural Development Bank of China to expand the scope of loan business for leading enterprises in industrialization and start agricultural science and technology loan business.

In January 2007, the CBRC approved the Agricultural Development Bank of China to provide loans for rural infrastructure construction, comprehensive agricultural development and agricultural means of production.

In 2010, the Agricultural Development Bank of China has formed a "one body two wings" business development pattern with grain, cotton and oil purchase credit as the main body, agricultural industrialization credit as one wing, and medium and long-term agricultural and rural credit as the other wing.

In early 2011, from the strategic perspective of exploring diversified operation and realizing long-term sustainable development, the Agricultural Development Bank decided to carry out investment business, set up the preparatory group of the Ministry of investment, and positioned the investment business as agricultural policy investment business.

In 2012, the investment department of the Agricultural Development Bank of China was formally established, which intends to enter the fields of direct investment and asset securitization. This not only means the further improvement of the bank's commercialization degree, but also indicates that it is striding forward on the road of comprehensive finance.

On September 24, 2014, the 63rd executive meeting of the State Council today deliberated and approved the overall plan for the reform and implementation of the Agricultural Development Bank of China. In line with the historical trend of profound adjustment of China's urban-rural relations, the Agricultural Development Bank has formulated and implemented a "two wheel drive" business development strategy, focusing on supporting grain, cotton and oil storage and agricultural and rural infrastructure construction, making an irreplaceable contribution to maintaining national food security and promoting the integration of urban and rural development.

statistical data

From 2004 to 2014, the Agricultural Development Bank of China put in a total of 3.7 trillion yuan of grain, cotton and oil purchase and storage loans. The amount of grain purchased each year accounts for about 60% of the commodity volume of that year, and cotton accounts for more than 50% of the output. It plays an irreplaceable role in protecting farmers' interests, safeguarding national food security and effective supply of important agricultural products. At the same time, without increasing capital injection and stripping off non-performing assets, the Agricultural Development Bank not only excellently completed the task of supporting agriculture entrusted by the state, but also realized its own endogenous sustainable development.

In 2013, compared with 2004, the asset scale of the agricultural development bank increased from 719 billion yuan to 2.5 trillion yuan, the non-performing loan ratio decreased from 18.8% to 0.71%, the capital self-sufficiency rate increased from 16% to 86%, the operating profit increased from 2.4 billion yuan to 49 billion yuan, the per capita operating profit increased from less than 50000 yuan to 940000 yuan, and the annual tax paid by the state increased from 2.7 billion yuan to 15.8 billion yuan. In the Ministry of finance's assessment of China's financial enterprises, the Agricultural Development Bank ranked the third for two consecutive years from the bottom to 2012 and 2013; this year, it entered the Fortune 500, ranked 218th in the profits of the world's top 500 enterprises, and ranked 26th among the 100 shortlisted Chinese enterprises.

Organization

Organization setup

The Agricultural Development Bank of China implements the system of head office, first level branch, second level branch and sub branch in terms of institutional setup; the first level legal person system of head office is implemented in terms of management, and the president of head office is the legal representative; the management system of vertical leadership is implemented in the system, and all branches carry out business activities in accordance with laws and regulations within the scope authorized by the head office.

The head office of the Agricultural Development Bank of China is located in Beijing. Its branches shall be set up according to the needs of carrying out agricultural policy financial business and approved by the CBRC. As of December 31, 2008, there were 2151 institutions at all levels in our bank, including 1 head office and 1 business department

Chinese PinYin : Zhong Guo Nong Ye Fa Zhan Yin Hang