Agricultural Bank of China was originally established in 1951. It is the first state-owned commercial bank established in New China. It is a large modern joint-stock commercial bank in China and an important part of China’s financial system. It is headquartered in Beijing. Listed as one of the world's top 500 companies. As of the end of 2007, it had 24,452 branches in mainland China, as well as branches in Singapore and Hong Kong, an international settlement center and holding subsidiaries such as ABC International and ABC Finance, in London, Tokyo, New York, Frankfurt, Sydney, It has a branch and representative office in Seoul, and ABC-CA Fund Company and ABC Leasing Company in Shanghai.
As a large listed bank with both urban and rural areas, international connections and full functions, Agricultural Bank of China has always adhered to the customer-centered business philosophy, adhered to prudent and stable operation and sustainable development, and based on both county and urban areas. market, implement differentiated competition strategies, strive to create a service brand of "Growing with You", rely on branches covering the country, a huge electronic network and diversified financial products, and are committed to providing high-quality financial services to our customers, and working closely with our customers Create value together and grow together. At the end of 2009, its total assets were RMB 8,882.588 billion, accounting for 11.3% of the total assets of the national banking and financial industry. It is the largest and most powerful modern commercial bank in China. Its deposits were RMB 7,497.618 billion, its loans were RMB 4,138.187 billion, and its capital adequacy ratio was 10.07%. , the non-performing loan rate was 2.91%; net profit was 65 billion yuan, an increase of 26.3% compared with 2008. In 2010, the net profit was 94.9 billion yuan, with a profit rate growth rate of about 50%, and the net profit growth rate ranked first among the five major banks.
In 2007, Agricultural Bank of China's Standard & Poor's rating was BBBpi; Moody's rating was A1/stable.
With the approval of the State Council, the Agricultural Bank of China was restructured (hereinafter referred to as the "restructuring") into Agricultural Bank of China Co., Ltd. (hereinafter referred to as the "joint-stock company") with a registered capital of 260 billion yuan. The joint-stock company was legally established on January 15, 2009.
In 2010, it completed the "A+H" dual listing and officially became a large listed bank.
From the date of its establishment, the joint-stock company will completely inherit the assets, liabilities and all businesses of the Agricultural Bank of China, and will continue to engage in the business approved/approved in the original business scope and business license documents. Agricultural Bank of China's existing business institutions, trademarks, Internet domain names and consultation service telephone numbers will remain unchanged and will continue to be used by the joint-stock company, and all businesses will continue as usual. Customers do not need to go through any change procedures due to restructuring.
In 2009, Agricultural Bank of China ranked 8th among the world's 1,000 largest banks by the British "Banker"; in 2011, the Agricultural Bank of China ranked 127th among the world's top 500 companies by the American "Fortune".
On July 15, 2010, the 10.31 billion shares issued by Agricultural Bank of China online were listed for trading on the Shanghai Stock Exchange; the H-share trading time was successfully listed in Hong Kong on July 16. So far, the four major state-owned banks have completed the " A+H" is listed in both places. Agricultural Bank of China’s A+H share IPO raised US$22.1 billion globally, becoming the largest IPO in the global capital market in history.