Agricultural Bank of China

Agricultural Bank of China is one of the big four state-owned commercial banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, China Construction Bank and Bank of China. The Agricultural Bank of China was founded in 1951 and is based in Beijing, and its listing in mid-2010 was the world’s largest initial public offering at the time.

Photo: AFP

China cleaning up fraud-ridden note market

China’s regulators are tightening scrutiny of the nation’s multitrillion-yuan note market after prominent banks reported three fraud cases this year, exposing the weak internal management of mainland banks.

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