The differences between China Agricultural Bank and China Agricultural Development Bank are as follows:
1. The establishment time is different: China Agricultural Bank was originally established in 1951, China Agricultural Development Bank was established in 1994, and China Agricultural Bank was established earlier.
2. Different in nature: China Agricultural Bank is a state-owned commercial bank, and China Agricultural Development Bank is a state-owned agricultural policy bank.
the AGRICULTURAL BANK OF CHINA (ABC) was established in 1951. The head office is located at No.69 Jianguomen Inner Street, Beijing. It is a large state-owned bank managed by the central government and a national vice-ministerial unit. Agricultural Bank of China is an important part of China's financial system. It provides various products and services of corporate banking and retail banking, and also conducts financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.
in February 217, Brand Finance released the list of the top 5 brands in the world in 217, and the Agricultural Bank of China ranked 34th.
in July 218, the British "banker" magazine published the list of the top 1 global banks in 218, and the Agricultural Bank of China ranked 4th. In 218, Fortune Global 5 ranked 4th. In December 218, the World Brand Lab released the list of Top 5 World Brands in 218, and China Agricultural Bank ranked 34th. On July 22nd, 219, the Fortune Global 5 list was released, and China Agricultural Bank ranked 36th. In November 219, the "Belt and Road" China Top 1 Enterprises ranked 44th. In December 219, Agricultural Bank of China was selected as one of the top 1 brands in the 219 China Brand Power Festival. On December 18th, 219, People's Daily ranked 43rd on the "China Brand Development Index" 1 list. On January 4, 22, he won the evergreen award of 22 Caijing "Contribution Award for Sustainable Development".
Banking:
Agricultural Bank of China has branches all over China, becoming a large modern commercial bank with the largest number of branches and the widest business scope in China. The business field of Agricultural Bank of China has developed from the initial agricultural credit and settlement business to a complete variety, combining local and foreign currencies, which can handle all kinds of financial services prevailing at home and abroad, mainly including: deposit service/comprehensive loan service/foreign exchange financing/RMB financing/overseas financing on behalf of customers/bank cards/remittance and foreign exchange settlement/safe deposit box rental payment service/overseas financial service/electronic banking service/private banking/financing business/domestic. At the same time, it also provides a variety of corporate banking and retail banking products and services, and conducts self-operated and agency fund business, covering investment banking, fund management, financial leasing, life insurance and other fields.
RMB business:
absorbing public deposits; Issue short-,medium-and long-term loans; Handle domestic and international settlement; Handle bill discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds; Engage in interbank lending; Buying and selling, acting as an agent to buy and sell foreign exchange; Provide letter of credit service and guarantee; Acting as an agent for payment and insurance agency business, etc.
foreign exchange business:
foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign currency exchange; International settlement; Acceptance and discount of foreign exchange bills; Foreign exchange loan; Foreign exchange guarantee; Settlement and sale of foreign exchange; Issuing and acting as an agent to issue securities in foreign currencies other than stocks; Buying and selling foreign currency securities other than stocks and acting as an agent; Foreign exchange trading on behalf of customers; Credit investigation, consultation and witness business.