# Agricultural Bank of China

> major bank in the People's Republic of China

**Wikidata**: [Q26298](https://www.wikidata.org/wiki/Q26298)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Agricultural_Bank_of_China)  
**Source**: https://4ort.xyz/entity/agricultural-bank-of-china

## Summary
Agricultural Bank of China (ABC) is a major bank in the People's Republic of China, established in 1951 and headquartered in Beijing. It is one of China's largest financial institutions, operating as a public company with significant government ownership through entities like Central Huijin Investment and the Ministry of Finance.

## Key Facts
- Founded January 1, 1951
- Headquarters located in Beijing, People's Republic of China
- Known by the alias ABC (Agricultural Bank of China)
- Owned by Central Huijin Investment, Ministry of Finance of the People's Republic of China, and National Council for Social Security Fund
- Operates on the Hong Kong Stock Exchange and Shanghai Stock Exchange
- Employs 503,082 people
- Revenue figures include 540,862,000,000, 524,126,000,000, 465,771,000,000, and 922,905,000,000
- Net profit figures include 180,774,000,000, 179,461,000,000, and 166,211,000,000
- Total assets of 17,791,393,000,000, 15,974,152,000,000, and 14,562,102,000,000
- Official websites: https://www.abchina.com and https://www.abchina.com/en/
- Industry classification includes financial services and economics of banking
- Affiliated with Chinese banker and politician Jiang Chaoliang
- Sitelink count of 33 on Wikipedia
- Wikidata description identifies it as a major bank in the People's Republic of China

## FAQs
**What type of organization is Agricultural Bank of China?**
Agricultural Bank of China is a public company that operates as a commercial bank and financial institution. It is classified as a business enterprise and an organizational unit producing financial services, functioning as a joint-stock company with publicly traded securities.

**Where is Agricultural Bank of China located and when was it established?**
The bank is headquartered in Beijing, the capital city of the People's Republic of China, and was established on January 1, 1951. It operates within China's financial sector and serves as one of the country's major banking institutions.

**Who owns Agricultural Bank of China?**
The bank is owned by Central Huijin Investment, the Ministry of Finance of the People's Republic of China, and the National Council for Social Security Fund. These entities represent significant government ownership in this major Chinese financial institution.

**On which stock exchanges does Agricultural Bank of China operate?**
Agricultural Bank of China operates on both the Hong Kong Stock Exchange and the Shanghai Stock Exchange, allowing it to access capital from both domestic and international investors.

**What are the financial metrics for Agricultural Bank of China?**
The bank reports substantial financial figures including revenues exceeding 500 billion yuan in recent years, net profits approaching 180 billion yuan, and total assets exceeding 17 trillion yuan, making it one of China's largest financial institutions by asset size.

## Why It Matters
Agricultural Bank of China matters significantly in the global financial landscape as one of China's largest banking institutions with total assets exceeding 17 trillion yuan. As a major player in China's financial sector, it serves as a critical intermediary for capital allocation and economic development within the world's second-largest economy. The bank's extensive operations and government backing make it instrumental in implementing China's economic policies and supporting the country's agricultural and rural development initiatives. Its dual listing on Hong Kong and Shanghai stock exchanges provides international investors with exposure to China's banking sector while facilitating cross-border capital flows. The institution's massive employee base of over 500,000 people demonstrates its significant employment contribution to China's economy. Furthermore, as a government-influenced financial institution, it plays a crucial role in channeling credit to priority sectors of the Chinese economy, particularly agriculture, which aligns with national development strategies.

## Notable For
- Operating as one of China's largest banks by total assets, exceeding 17 trillion yuan
- Maintaining a workforce of over 500,000 employees (503,082)
- Being owned by significant Chinese government entities including Central Huijin Investment and the Ministry of Finance
- Dual listing on both Hong Kong Stock Exchange and Shanghai Stock Exchange
- Serving as a major financial institution in the People's Republic of China since 1951
- Generating revenues exceeding 500 billion yuan annually
- Achieving net profits approaching 180 billion yuan
- Playing a specialized role in agricultural and rural financial services
- Operating as a public company while maintaining significant state ownership
- Contributing to China's financial sector development and economic growth

## Body
### History and Foundation
Agricultural Bank of China was established on January 1, 1951, making it one of China's older banking institutions. The bank was founded during the early years of the People's Republic of China and has operated continuously since its inception. Over its 70+ year history, the institution has evolved from its original mandate to support agricultural development into one of China's major comprehensive banking institutions.

### Ownership and Governance Structure
The bank operates under significant government influence through its ownership structure. Central Huijin Investment, established in 2003, holds a stake in the institution along with the Ministry of Finance of the People's Republic of China, which was established in 1954. The National Council for Social Security Fund, established around 2000, also maintains ownership. This tripartite government ownership structure reflects the strategic importance of the bank to China's financial system and economic development goals.

### Financial Performance and Scale
Agricultural Bank of China demonstrates substantial financial scale with total assets reaching 17,791,393,000,000 yuan at its peak in the provided data. The bank's revenue streams have consistently exceeded 400 billion yuan, with figures including 540,862,000,000, 524,126,000,000, 465,771,000,000, and 922,905,000,000 yuan reported. Net profits have remained strong at levels around 180 billion yuan, with specific figures of 180,774,000,000, 179,461,000,000, and 166,211,000,000 yuan documented.

### Operations and Market Presence
The bank operates on two major Chinese stock exchanges: the Hong Kong Stock Exchange and the Shanghai Stock Exchange. This dual-listing strategy provides access to both domestic Chinese capital markets and international investors through the Hong Kong exchange. The institution serves the financial sector and financial services industry, positioning itself as a comprehensive financial institution.

### Personnel and Organizational Structure
With 503,082 employees, Agricultural Bank of China maintains one of the largest workforce sizes among Chinese financial institutions. The bank operates from its headquarters in Beijing, the capital of the People's Republic of China, which serves as the administrative and strategic center for its nationwide operations.

### Affiliations and Leadership Connections
The institution has affiliations with key figures in Chinese banking and politics, including Jiang Chaoliang, who is identified as a Chinese banker and politician. This connection reflects the bank's integration within China's broader political and economic systems.

### Industry Classification and Role
Agricultural Bank of China is classified within the financial services industry and specifically within the economics of banking field. Despite its name suggesting a focus on agriculture, the bank operates as a comprehensive commercial bank while maintaining its historical connection to agricultural financing. The institution functions as both a business enterprise and an organizational unit producing financial services within China's economic framework.

### Digital Presence and Accessibility
The bank maintains official websites at https://www.abchina.com and https://www.abchina.com/en/, providing both Chinese and English language access to its services and information. This digital infrastructure supports its operations in the modern financial services landscape.

## References

1. Agricultural Bank of China Annual Report 2015
2. Virtual International Authority File
3. CiNii Research
4. [Source](https://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=1288&WidCoAbbName=&Month=&langcode=e)
5. Freebase Data Dumps. 2013
6. [Source](http://www.csisc.cn/)
7. [Source](http://km.aifb.kit.edu/services/crunchbase/)
8. [Source](https://finance.sina.com.cn/zt_d/2019_zq500qbd/)
9. GRID Release 2021-03-25
10. Aligned ISNI and Ringgold identifiers for institutions
11. HAL
12. ROR Data Dump 8.0 (April 2021)
13. Name Suggestion Index
14. [OpenAlex](https://docs.openalex.org/download-snapshot/snapshot-data-format)