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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 .
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.
China 2030: Building a Modern, Harmonious, and Creative High-Income Society is an extensive study of the Economy of China published in 2012 by the World Bank, Washington, D.C., and the Development Research Center of the State Council, People’s Republic of China, Beijing. China 2030 attempts to set forth a possible development path for China ...
As young Chinese adults opt for fur babies over real babies, the bank expects the country’s pet food market to flourish to a $12 billion industry by 2030. The report also forecasts China’s cat ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Fitch forecast China's economic growth would slow to 4.5% in 2024 from 5.2% last year, in contrast to Citi and the International Monetary Fund, which both revised up their China forecasts.
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 ...
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 ...