TOPIC

/ company

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.

Chairman / President

Gu Shu

CFO / Finance Director

Zhang Xuguang

Industry

Banking

Website

abchina.com

Headquarters address

No.69, Jianguomen Nei Avenue, Dongcheng District, Beijing, P.R.China,

Stock Code

SEHK:1288

Year founded

1951

Agricultural Bank of China

ICBC and CCB lead China’s biggest banks in US$61 billion dividend payout

Record payouts come as regulators push listed companies to enhance dividend frequency and predictability.

Former banker and Hubei party boss indicted for accepting ‘huge’ bribes

How Gulf conflict and soaring oil prices will affect Angola’s Chinese debt deals

Farmers’ son banker Xu Yiding under probe by China’s anti-corruption watchdog

The Agricultural Development Bank of China vice-president was once held up as a model figure for finance-driven poverty reduction.

Chinese banks join the space race with satellite launches and rocket backing

As China seeks new engines of growth, finance is emerging as an unexpected backer of the country’s commercial space ambitions.

China’s anti-corruption body reveals how ex-banker fell in bribery scandal

Documentary details the downfall of Jiang Chaoliang and his brothers as disciplinary commission holds key session.

Why China’s growing global investments could spur yuan internationalisation push

As firms expand overseas, rising investment demand and appetite for yuan assets and swap agreements may prompt Beijing to take action.

Tencent to raise US$1.27 billion via dim sum bonds to finance AI ambitions

Tencent takes advantage of the Hong Kong bull run to raise funds in 5-, 10- and 30-year tranches for its AI war chest.

Profitability pressure grows for China’s state banks amid low rates

All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.

New committee, bailout talk: is China launching a fresh property rescue effort?

China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.

.css-19im5qg{color:#c79a00;}Video | China’s first 3-on-3 autonomous AI robot football match kicks off

The robot footballers were fully operated by AI.

China gives Hong Kong new yuan transfer cap as payment link starts

Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.

China already had a graduate jobs crisis. The trade war is making it worse

Anxiety among young Chinese is ‘through the roof’ as employers cut graduate roles amid an uncertain economic outlook.

Public outrage as China woman told to make in-person withdrawal dies outside bank

Family claims even after telling bank clerk of her poor health, they insisted she must be present to access funds.

Chinese banks raise consumer loan rates from record low to protect margins

Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

Founder of an early AI firm in China steps back as GenAI takes spotlight

Losses at the image recognition firm have surpassed those of 2023, as it grapples with challenges from new technology and client concentration.

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

Banks may become collateral damage of China’s policy bazooka

Banks’ net interest margins may be reduced by a fifth of a percentage point, according to an estimate by S&P Global Ratings.

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

State-owned banks face thinner margins amid Beijing’s call to support economy

At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.

Chinese banks buoyant amid stock market tumult

Led by ICBC, CCB, ABC and BOC, 42 mainland-listed banks have gained 19 per cent on average this year, trouncing a 4.2 per cent decline in the benchmark CSI 300 Index.

China’s interbank system promoted as safeguard against Swift consequences

A senior researcher has encouraged China to expand the use of its interbank transfer protocol, warning of risks inherent in the use of Western systems like Swift.

Saudi Arabia wealth fund signs US$50 billion deals with 6 Chinese institutions

Agreements with top financial institutions including BOC, CCB and ICBC aim to promote two-way capital flows through both debt and equity, Public Investment Fund says.

China’s banks to sell US$60 billion of loss-absorbing bonds to meet PBOC’s norms

ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.

China’s ICBC, Agricultural Bank post profit drops on margin squeeze

The government may press state banks to continue cutting lending rates, further eroding their margins, analyst says.

Fitch cuts outlook for China’s state-owned banks from stable to negative

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

With new regulations and mandates, is the party over for China’s finance sector?

China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.

Video | China’s first 3-on-3 autonomous AI robot football match kicks off