China Agricultural Bank of China (ABC) is a large listed bank in China and one of the five largest banks in China. Founded in 1951 (Xin Mao), it is the first state-owned commercial bank established in New China and an important part of China's financial system. Its head office is located in Beijing. The development of Agricultural Bank of China has gone through six stages. \xd\ The first stage (1951-1952): \ xd \ China Agricultural Cooperative Bank was established in August 1951. That is, the third year after the founding of the People's Republic of China, was an attempt by New China on the rural financial system. \xd\ Main tasks: handle the financial allocation for agriculture and long-term agricultural loans for more than one year according to the national plan, and support the development of rural credit cooperation. \ xd \ in 1952, revoked. The reason is that the financial allocation and long-term loan business have basically not started after the establishment of the Agricultural Cooperative Bank. The backwardness of agricultural development and the cooperative movement make there is no financial demand for loan business in rural areas at all. \xd\ The second stage (1955-1957): In March 1955, the Agricultural Bank of China was established. \xd\ Main tasks: to handle financial support for agriculture and long-term and short-term agricultural loans. The loan targets are mainly limited to production cooperative organizations and individual farmers, and the use of loans is limited to agricultural production. Other rural financial businesses are still handled by the People's Bank of China. \ xd \ In April 1957, the State Council decided to merge China Agricultural Bank with China People's Bank. \xd\ The third stage (1963-1965): In 1963, the Agricultural Bank of China was established again as a directly affiliated institution of the State Council. In carrying out the policy of "adjusting, consolidating, enriching and improving" the national economy, the state has taken measures to strengthen agriculture and increased financial support for agriculture. \ xd \ In November 1965, China Agricultural Bank and China People's Bank merged again. \xd\ The fourth stage (1979-1994): \ xd \ In February 1979, it was decided to formally restore the Agricultural Bank of China, a directly affiliated institution of the State Council, under the supervision of the People's Bank of China. The main tasks of resuming the establishment of China Agricultural Bank are to manage the funds for supporting agriculture in a unified way, centrally handle rural credit, lead rural credit cooperatives and develop rural financial undertakings. \xd\ Since then, the Agricultural Bank of China has never been revoked. \xd\ Stage 5 (from April 1994 to July 1997): \xd\ Based on the Decision on Financial System Reform made by the State Council in December 1993, it is required to gradually establish a rural financial system under the unified supervision and management of the People's Bank of China, with the close cooperation and coordinated development of China Agricultural Development Bank, China Agricultural Bank and rural cooperative financial organizations. \xd\\xd\ is actually to separate the policy banking function, commercial banking function and rural credit cooperatives in China Agricultural Bank. As a result of the separation, China Agricultural Development Bank was set up separately from China Agricultural Bank in April 1994, and the policy business such as the supply and management of grain, cotton and oil purchase funds was separated from Agricultural Bank, which began to follow the Commercial Bank Law of the People's Republic of China promulgated and implemented in 1995. \ xd \ In August, 1996, the State Council made the Decision on the Reform of Rural Financial System, demanding the establishment and improvement of a rural financial system based on cooperative management, with commercial finance and policy-oriented management in division of labor. The Agricultural Bank of China conscientiously implemented the spirit of the Decision, unified its thinking and took the overall situation into consideration under the circumstances of many contradictions, tight time and great pressure, and actively supported the establishment of branches below the provincial level of the Agricultural Development Bank and the reform of separating rural credit cooperatives from the administrative subordination of the Agricultural Bank. \ xd \ In 1997, the Agricultural Bank of China basically completed its historical mission as a national specialized bank, and began to enter a new historical period of real transformation into a state-owned commercial bank. \xd\ Sixth stage (1999 -21): shareholding system reform stage \ xd \ In 1999, three banks, Agricultural Bank of China and China Construction Engineering, divested 1.4 trillion yuan of non-performing assets to four major asset management companies. In 24, the Agricultural Bank of China reported the share reform plan for the first time. \ xd \ From January 19th to 2th, 27, the National Financial Work Conference determined that the general principle of the shareholding system reform of Agricultural Bank of China was "persisting in facing agriculture, rural areas and farmers, overall restructuring, commercial operation, and listing on the right opportunity". \ xd \ In September 27, the Agricultural Bank of China selected eight provinces (autonomous regions and municipalities) such as Jilin, Anhui, Fujian, Hunan, Guangxi, Sichuan, Gansu and Chongqing to carry out pilot financial services for agriculture, rural areas and farmers. \ xd \ On January 23rd, 28, the Agricultural Bank clearly put forward the "351" goal and development strategy. In March 28, Agricultural Bank of China began to promote the pilot reform of the "three rural" financial departments in 11 secondary branches in six provinces. \ xd \ At the end of May, 28, the first-stage pilot of "three rural" financial services ended. \ xd \ In August 28, the head office of the Agricultural Bank of China set up the "three rural" financial department to comprehensively promote the reform of the "three rural" financial department system. \ xd \ In October 28, the share reform plan of Agricultural Bank of China was approved by the State Council. \ xd \ was officially listed in Shanghai and Hongkong on July 15th and 16th, 21. The Agricultural Bank of China raised about US$ 22.1 billion and became the largest IPO in the world. So far, all four state-owned commercial banks in China have been listed. \ xd \ On July 22nd, 211, Agricultural Bank of China and Cambridge Overseas Students Foundation of Cambridge University signed the Memorandum of Understanding on Cambridge Scholarship of Agricultural Bank of China in Beijing. \xd\ By the end of 211, the total assets reached 11.68 trillion. \ xd \ On November 23rd, 212, Director Wu Xuyan and his party from the Information Promotion Department of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development came to Tai 'an to conduct research on this work and held a forum in Tai 'an Provident Fund Center. \ xd \ On December 23rd, 212, the launching ceremony of "Golden Key Spring Action" of Agricultural Bank of China in 213 was held in Xiamen. \ xd \ In 212, Agricultural Bank of China promoted the construction of social security system and service system for the disabled and enhanced the self-development ability of poor disabled people with the help of rehabilitation poverty alleviation loans. By the end of 212, the Agricultural Bank of China had invested a total of 34 million yuan in rehabilitation and poverty alleviation loans, an increase of 17 million yuan compared with 211. The loans supported 42 enterprises or projects that helped the disabled and helped the poor, radiating 8,731 disabled farmers, with an average income increase of 8,99 yuan. \ xd \ On February 2th, 213, the signing ceremony of Memorandum of Comprehensive Strategic Cooperation on Urbanization Construction and Financial Services between Hubei Provincial People's Government and Agricultural Bank of China was held in Wuhan.