Agricultural Bank of China (ABC, Agricultural Bank of China) is a large listed bank in China and one of the five largest banks in China. Originally established in 1951 (the year of 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 roughly gone through six stages. \x0d\　The first stage (1951-1952):\x0d\　The China Agricultural Cooperative Bank was established in August 1951. In the third year after the founding of the People's Republic of China, it was New China's attempt to develop a rural financial system. \x0d\　Main tasks: handle agricultural financial allocations and agricultural long-term loans of more than one year in accordance with national plans, and support the development of rural credit cooperation. \x0d\　In 1952, it was cancelled. The reason is that after the establishment of the Agricultural Cooperative Bank, financial allocation and long-term loan business have basically not been carried out. The backwardness of agricultural development and the cooperative movement have left rural areas with no financial demand for loan business. \x0d\　The second stage (1955-1957): In March 1955, the Agricultural Bank of China was established. \x0d\　Main tasks: handle fiscal support for agriculture and agricultural long-term and short-term loans. The loan recipients are mainly limited to production cooperative organizations and individual farmers. The purpose of the loan is limited to agricultural production. Other rural financial services are still handled by the People's Bank of China. \x0d\　In April 1957, the State Council decided to merge the Agricultural Bank of China and the People's Bank of China. \x0d\　The third stage (1963-1965): In 1963, the Agricultural Bank of China was established again as an institution directly under the State Council. In implementing the policy of "adjustment, consolidation, enrichment and improvement" of the national economy, the state has taken measures to strengthen agriculture and increased financial support for agriculture. \x0d\　In November 1965, the Agricultural Bank of China and the People's Bank of China merged again. \x0d\ The fourth stage (1979-1994): \x0d\ In February 1979, it was decided to formally restore the Agricultural Bank of China, an institution directly under the State Council and supervised by the People's Bank of China. The main tasks of reestablishing the Agricultural Bank of China are to unify the management of agricultural support funds, centralize rural credit processing, lead rural credit cooperatives, and develop rural financial undertakings. \x0d\ Since then, the Agricultural Bank of China has never canceled it. \x0d\ The fifth stage (from April 1994 to July 1997): \x0d\ Based on the "Decision on the Reform of the Financial System" made by the State Council in December 1993, it requires the gradual establishment of a financial system in the People's Bank of China through reforms. Under unified supervision and management, the Agricultural Development Bank of China, Agricultural Bank of China and rural cooperative financial organizations work closely together to coordinate the development of the rural financial system. \x0d\\x0d\ In fact, it is to separate the policy banking functions, commercial banking functions and rural credit cooperatives of the Agricultural Bank of China. The result of the separation is: in April 1994, the Agricultural Development Bank of China was established separately from the Agricultural Bank of China. Policy businesses such as the supply and management of grain, cotton and oil purchase funds were separated from the Agricultural Bank of China. The Agricultural Bank of China began to gradually explore the operating mechanism of a modern commercial bank in accordance with the "Commercial Bank Law of the People's Republic of China" promulgated and implemented in 1995. \x0d\ In August 1996, the State Council issued the "Decision on the Reform of the Rural Financial System", requiring the establishment and improvement of a rural financial system based on cooperative operations and with division of labor and collaboration between commercial finance and policy operations. The Agricultural Bank of China conscientiously implements the relevant spirit of the "Decision", unifies its thinking, takes the overall situation into consideration, and actively supports the establishment of Agricultural Development Bank branches below the provincial level and the establishment of rural credit cooperatives and Agricultural Bank of China under the circumstances of many conflicts, tight time, and high pressure. Reform away from administrative affiliation. \x0d\　In 1997, Agricultural Bank of China basically completed its historical mission of “one body and three responsibilities” as a national professional bank, and began to enter a new historical period of true transformation into a state-owned commercial bank.

\x0d\　The sixth stage (1999-2010): Joint-stock reform stage\x0d\ In 1999, Agricultural Bank of China and China Construction Bank divested 1.4 trillion yuan of non-performing assets to the four major asset management companies. In 2004, Agricultural Bank of China reported its shareholding reform plan for the first time. \x0d\ From January 19 to 20, 2007, the National Financial Work Conference determined that the general principle of the joint-stock reform of Agricultural Bank of China is to "adhere to the 'agriculture, rural areas and farmers', overall restructuring, commercial operations, and choose the opportunity to go public." \x0d\ In September 2007, Agricultural Bank of China selected eight provinces (autonomous regions and municipalities) including Jilin, Anhui, Fujian, Hunan, Guangxi, Sichuan, Gansu and Chongqing to carry out pilot financial services for "agriculture, rural areas and farmers". \x0d\ On January 23, 2008, Agricultural Bank of China clearly proposed the “3510” goal and development strategy. In March 2008, the Agricultural Bank of China began to promote the pilot reform of the "agriculture, rural areas and farmers" financial division in 11 second-level branches in 6 provinces. \x0d\ At the end of May 2008, the first phase of the pilot program for “agriculture, rural areas and farmers” financial services ended. \x0d\ In August 2008, the Agricultural Bank of China Head Office established the “Three Rural Areas” Financial Division to comprehensively promote the reform of the “Three Rural Areas” financial unit system across the bank. \x0d\　In October 2008, the Agricultural Bank of China’s shareholding reform plan was approved by the State Council. \x0d\ On July 15 and 16, 2010, it was officially listed in Shanghai and Hong Kong. Agricultural Bank of China raised approximately US$22.1 billion and became the world's largest IPO. At this point, all four major state-owned commercial banks in China have been listed. \x0d\ On July 22, 2011, the Agricultural Bank of China and the Cambridge Overseas Students Foundation of the University of Cambridge signed the "Agricultural Bank of China Cambridge Scholarship Memorandum of Understanding" in Beijing. \x0d\　As of the end of 2011, total assets reached 11.68 trillion. \x0d\ On November 23, 2012, Director Wu Xuyan of the Information Promotion Division of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development and his delegation came to Tai'an to conduct research on this work and held a symposium at the Tai'an Provident Fund Center. \x0d\ On December 23, 2012, the launching ceremony of the Agricultural Bank of China’s 2013 “Golden Key Spring Action” was held in Xiamen. \x0d\ In 2012, the Agricultural Bank of China used rehabilitation poverty alleviation loans as a driving force to continuously promote the construction of the social security system and service system for disabled people and enhance the self-development capabilities of poor disabled people. As of the end of 2012, Agricultural Bank of China had provided a total of 340 million yuan in rehabilitation and poverty alleviation loans, an increase of 170 million yuan compared with 2011. The loans supported 42 enterprises or projects in poverty alleviation for the disabled, reaching 8,731 households with disabilities, and the average household income increased by 8,990 yuan. \x0d\ On February 20, 2013, the signing ceremony of the "Memorandum of Comprehensive Strategic Cooperation on Urbanization Construction and Financial Services" between the Hubei Provincial People's Government and the Agricultural Bank of China was held in Wuhan.