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The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the " big four " banks in China, and the second largest bank in the world by total assets, behind the Industrial and Commercial Bank of China .
The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China. The People's Bank of China is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese ...
Bank name GlobalData (as of 30 September 2024) [5] Forbes India (as of 4 October 2024) [6] Rank Market cap (US$ billion) Rank Market cap (US$ billion) JPMorgan Chase: 1 599.931 1 583.91 Bank of America: 2 307.900 2 304.56 Industrial and Commercial Bank of China: 3 303.543 3 288.06 Agricultural Bank of China: 4 232.836 4 231.00 Bank of China: 5
China's top four lenders - Industrial and Commercial Bank of China, Agricultural Bank of China Ltd, Bank of China and China Construction Bank - are designated as global systemically important ...
Agricultural Bank of China, one of China's four massive, state-owned banks, is ranked as the world's third-largest bank with $2.7 trillion in assets, according to S&P Global. In March 2001, he was appointed assistant president of Agricultural Bank of China, nine month later, he rose to become vice-president. In January 2009 he was promoted ...
China's Reserve Requirement Ratio for large banks. China's banking sector had CN¥417 trillion (US$58.54 trillion) in assets at the end of 2023. [1]The "Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018.
In 2010, Agricultural Bank of China broke ICBC's IPO record when it raised $22.1 billion. China's largest commercial bank was also the first company to debut simultaneously on both the Hong Kong and Shanghai stock exchanges. ICBC raised at least US$14 billion in Hong Kong and another US$5.1 billion in Shanghai .
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).