AGRICULTURAL BANK OF CHINA (ABC)

The Agricultural Bank of China (ABC), is one of the four state-owned commercial banks in the People's Republic of China (PRC). It was founded in 1951 and It’s part of  "Big Four" with: China Construction Bank (CCB), Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC). Its functions are primarily the funds disbursement from the state budget and funding agricultural. The ABC specializes in providing financing to China's agricultural sector and offers wholesale and retail banking services to farmers, township and village enterprises and other rural institutions. After the establishment of the People's Republic of China in 1949, ABC has been formed and abolished several times. Since the late 1970s, the Bank has evolved from a state-owned specialized bank to a state-controlled commercial bank. It’s listed on Shanghai and Hong Kong Stock Exchange in the 2010. As of 2011, it ranks 8th among the Top 1000 World Banks.

Editor: Giovanni AVERSA