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The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese 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 .
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
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 ...
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 .
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 2001, Kwangtung Provincial Bank was closed and merged under Bank of China, Singapore Branch; one year later, Bank of China Futures Pte Ltd wound up operations in Singapore. In 2001-2007, the BOC undertook massive staff layoffs and paycuts in BOC Singapore Branch, a phase of turmoil that culminated in 2007 when branch head Zhu Hua was asked ...
Agricultural Bank may refer to: Agricultural Bank of China; Agricultural Bank of Greece, or ATEbank; Agricultural Bank of Iceland; Agricultural Bank of Libya; Agricultural Bank of Western Australia, now Bankwest; Bank Keshavarzi Iran (lit. Bank of Agriculture Iran) Nonghyup Bank, an agricultural bank in South Korea; Norwegian State Agriculture Bank
The tower is located adjacent to the Bank of China Building [5] and faces the Singapore River. It is a class-A office building and houses the offices of several multi-national companies. [ citation needed ] The development had a net floor area of 46,060 m 2 (495,800 sq ft), as of 30 June 2007, [ 6 ] and has direct access to Raffles Place MRT ...