China Agricultural Development Bank is a central financial enterprise and the only agricultural policy bank in China directly under the State Council. Established in June 1994 1 1. The main responsibility is to raise funds based on national credit, undertake agricultural policy-oriented financial business, allocate financial support funds for agriculture on behalf of the state, and serve the development of agriculture and rural economy.

What's the difference between Agricultural Bank and Agricultural Development Bank?

The difference between them is different in nature, different in interests and different in responsibilities.

① Different in nature: China Agricultural Development Bank is the only agricultural policy bank directly under the leadership of the State Council in China, while China Agricultural Bank is an enterprise.

② Different profits: China Agricultural Development Bank is not profitable, while China Agricultural Bank is profitable.

③ Different responsibilities: The main responsibilities of China Agricultural Development Bank are to raise funds on the basis of national credit, undertake agricultural policy-oriented financial business, allocate financial funds for supporting agriculture as an agent, and serve the development of agriculture and rural economy. Agricultural Bank of China is mainly responsible for providing various products and services of corporate banks and retail banks, as well as financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.