AGRICULTURAL BANK OF CHINA LIMITED(zhong guo nong ye yin hang gu fen you xian gong si )

Agricultural Bank of China Limited

Agricultural Bank of China Limited is a limited company mainly engaged in financial services. It is a central financial enterprise.

On September 1, 2019, the list of top 500 Chinese service enterprises in 2019 was released in Jinan, and Agricultural Bank of China Co., Ltd. ranked fifth. On November 19, 2019, the list of Asian financial competitiveness in 2019 was announced, and Agricultural Bank of China won the "outstanding retail bank in Asia in 2019" award and "outstanding financial technology bank in 2019" award. On May 13, 2020, as the first group of initiators, we launched the "digital transformation partnership action" initiative with the national development and Reform Commission and other departments.

Company profile

Agricultural Bank of China Limited is a state-owned joint-stock bank of the people's Republic of China

agricultural bank

, one of the four traditional state-owned commercial banks with a registered capital of 260 billion yuan, is the third largest bank in mainland China in terms of assets. According to the bank's own introduction, at the end of 2002, the total assets of Agricultural Bank of China was 2976.566 billion yuan, with business institutions all over the country, and branches or representative offices in Singapore, New York, Tokyo and London. In 1995, the Agricultural Bank of China was established in Hong Kong. On November 6, 2008, the Central Huijin Investment Co., Ltd. injected 130 billion yuan equivalent to US dollars (about 19 billion US dollars) into ABC, and the capital of ABC reached 260 billion yuan after the injection. Huijin will hold 50% of the shares of ABC and become the largest shareholder of ABC along with the Ministry of finance. On January 16, 2009, Agricultural Bank of China (ABC) was officially listed after the joint-stock system reform, and planned to be listed in 2010. Agricultural Bank of China Co., Ltd. was jointly rated as one of the top 100 Chinese Listed Companies in 2010 (the seventh session) by Buffett magazine, world enterprise competitiveness laboratory and world economist weekly, ranking sixth.

Nature of Business

To absorb public deposits; to issue short-term, medium-term and long-term loans; to settle accounts at home and abroad; to accept and discount bills; to issue financial bonds; to act as an agent for issuing, cashing and underwriting government bonds; to buy and sell government bonds and financial bonds; to engage in inter-bank lending; to buy and sell foreign exchange; to settle and sell foreign exchange; to engage in bank card business; to provide letter of credit services and guarantees; and; Acting for collection and payment; providing safe deposit box service; acting for fund clearing; various exchange business; acting for loan business of policy banks, foreign governments and international financial institutions; loan commitment; organizing or participating in syndicated loan; foreign exchange deposit; foreign exchange loan; foreign exchange remittance; foreign exchange loan; issuing, acting as an agent for issuing, trading or acting as an agent for trading foreign currency securities other than stocks; foreign exchange loan Acceptance and discount of bills of exchange; self operated and foreign exchange trading on behalf of customers; foreign exchange exchange exchange; foreign exchange guarantee; credit investigation, consultation and witness business; enterprise and personal financial consulting services; customer transaction settlement fund custody business of securities companies; securities investment fund custody business; enterprise annual fund custody business; industrial investment fund custody business; domestic securities investment fund custody business of qualified foreign institutional investors Asset custody business; agent open-end fund business; telephone banking, mobile banking, online banking business; financial derivatives trading business; other business approved by the banking regulatory authority of the State Council and other regulatory departments; insurance concurrent agency business. (enterprises shall choose their own business projects and carry out business activities according to law; projects that need to be approved according to law shall carry out business activities according to the approved contents after being approved by relevant departments; they shall not engage in business activities of projects prohibited or restricted by the city's industrial policies.)

Company development

After the founding of the people's Republic of China, the Agricultural Bank of China has been established and abolished many times according to its needs or internal opinions. As early as 1951, the former farmers' Bank of China and the cooperative bank in Taiwan were merged into the agricultural cooperative bank. In 1952, the bank was merged into the people's Bank of China. The Agricultural Bank of China itself regarded the agricultural cooperative bank as one of its predecessors.

The first bank to hold the name of Agricultural Bank of China was established in 1955, and it was incorporated into the people's Bank of China in 1957. In 1963, the government of the people's Republic of China established an agricultural bank again, but the bank was also incorporated into the people's Bank of China two years later. Today's Agricultural Bank of China was established in 1979.

The original purpose of the Agricultural Bank of China was to provide loans for agriculture and rural construction, but today the business scope of the Agricultural Bank of China has gone far beyond this purpose. However, providing financial services for rural areas and agricultural enterprises is still an important service scope of the bank.

Company honor

On July 10, 2019, the Fortune 500 list was released, and the Agricultural Bank of China Co., Ltd. ranked 12th.

On September 1, 2019, the top 500 Chinese enterprises in 2019 were released, and the Agricultural Bank of China ranked eighth; the top 500 Chinese service enterprises in 2019 were released in Jinan, and the Agricultural Bank of China Co., Ltd. ranked fifth.

On November 19, 2019, the list of Asian financial competitiveness in 2019 was announced, and Agricultural Bank of China won the "outstanding retail bank in Asia in 2019" award and "outstanding financial technology bank in 2019" award.

On January 11, 2020, the "top 500 list of China's corporate social responsibility in 2019" was released, and Agricultural Bank of China Co., Ltd. ranked 54th.

In July 2020, the Agricultural Bank of China Co., Ltd. ranked 11th among the Fortune 500 in 2020.

On September 28, 2020, Agricultural Bank of China Co., Ltd. ranked eighth in the "top 500 Chinese enterprises 2020", with an operating revenue of 10177050 million yuan.

On December 15, 2020, he was selected into the list of the 11th "China Charity Award".

Related events

In August 2020, in view of a number of illegal behaviors found in the on-site inspection of the effectiveness of risk management and internal control of Agricultural Bank of China, such as issuing credit loans to related parties and direct return of discount funds to the drawer of bank acceptance bills, the Bank of China Insurance Regulatory Commission imposed a total fine of 53.156 million yuan on the bank in accordance with the law, and imposed administrative penalties on relevant responsible personnel.

Chinese PinYin : Zhong Guo Nong Ye Yin Hang Gu Fen You Xian Gong Si