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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 .
Between 2006 and 2007 vault managers Ren Xiaofeng and Ma Xiangjing robbed and embezzled nearly 51 million yuan (c. US$6.7 million) from a Agricultural Bank of China branch in Handan, Hebei. The embezzlement and robbery is considered to be the single-largest bank robbery in China's history. [1]
Gu Shu (Chinese: 谷澍; pinyin: Gǔ Shù; born August 1967) is a Chinese banker and politician, currently serving as party secretary and chairman of the Agricultural Bank of China. Previously he served as governor of the Industrial and Commercial Bank of China from 2016 to 2020.
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 ...
The Industrial and Commercial Bank of China was both China and the world's largest company by assets in 2021, ... Agricultural Bank of China: Beijing: 181,411.7 ...
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 ...
The bank was established in 1994 and supports rural infrastructure development. [ 2 ] : 209 Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies, undertake agricultural policy financial services, act as an agent for the allocation of fiscal support funds for agriculture ...
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.