Agricultural Bank of China (OTCMKTS: ACGBY) is one of the largest state-owned commercial banks in the People’s Republic of China. Established in 1951 and restructured in 1979 to better serve the evolving financial needs of China’s rural and agricultural sectors, the bank has expanded its service offering to cover a broad range of corporate and retail banking activities. It completed its initial public offering in 2010, becoming one of the largest IPOs in global history, which marked a significant milestone in the bank’s transition toward market-oriented operations.
The bank’s core business activities include deposit-taking, lending, trade finance, and foreign exchange services. On the corporate side, Agricultural Bank of China provides working capital loans, project financing, and cash management solutions for industrial, agricultural, and infrastructure clients. Its retail banking operations serve individuals and small businesses with mortgage loans, auto financing, credit cards, wealth management products and e-banking services. The bank has also developed a suite of financial market activities, including bond underwriting, securities trading, asset management and custody services.
Agricultural Bank of China operates an extensive domestic network of branches and sub-branches across all provinces and autonomous regions of Mainland China. To support its global clientele, it maintains overseas branches and representative offices in major financial centers such as Hong Kong, New York, London, Singapore, Tokyo and Frankfurt. This international presence enables the bank to facilitate cross-border trade, remittance services and investment banking activities for both Chinese enterprises expanding abroad and multinational corporations operating in China.
Under the leadership of Chairman Tian Guoli and President Zhang Yun, Agricultural Bank of China has focused on digital transformation and inclusive finance initiatives. By investing in fintech platforms, mobile banking and rural e-commerce partnerships, the bank aims to enhance financial accessibility in remote areas and streamline customer experience. Its long-term strategy emphasizes sustainable development, risk management and continued support for China’s agricultural modernization and rural revitalization efforts.
