It is a state-owned policy bank.

The Agricultural Development Bank of China was established in 1994. It is a state-owned policy bank with independent legal person status directly under the State Council and funded by the state to support the sustainable and healthy development of agriculture and rural areas.

Its main task is to rely on the market to raise funds for agriculture on the basis of national credit, support the development of "agriculture, rural areas and farmers" and play a supporting role in national strategy.

Business purpose: Focus on the national strategy to build an agricultural policy bank with clear positioning, outstanding functions, clear business, sufficient funds, standardized governance, strict internal control, safe operation, considerate service, and strong sustainable development capabilities.

What is the business scope of Agricultural Development Bank of China?

The Agricultural Development Bank of China's funds mainly come from re-loans from the central bank.

Its business scope is mainly to undertake the grain storage tasks of state-owned grain purchasing and storage enterprises and supply and marketing cooperative cotton purchasing and storage enterprises, and to provide loans for the acquisition, storage and distribution of grain, cotton and oil.

In addition, it is also responsible for the allocation of central and provincial fiscal agricultural funds, and opens special accounts for the grain risk funds established by governments at all levels to allocate them on their behalf.