ADBC Branch In BeiChuan After Earthquake
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ADBC Branch In BeiChuan After Earthquake
The Agricultural Development Bank of China (ADBC) is a policy bank of China under the State Council of the People's Republic of China, State Council. The bank was established in 1994 and supports rural infrastructure development. Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies, undertake agricultural policy financial services, act as an agent for the allocation of fiscal support funds for agriculture, and serve agriculture and rural economic development. In 2004, the bank implemented its first Bond (finance), bond auction. Leadership Chairmen Governors See also * Banking in China * List of national development banks References External links

* Banks of China Companies based in Beijing Government-owned banks of China 1994 establishments in Beijing {{Asia-bank-stub ...
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Policy Bank
Policy bank (), or policy lender, is a State-owned enterprise, state-owned financial institution established by the government of the People's Republic of China with the goal of implementing official economic policies and carrying out financial business in specific fields. This measure separates policy finance from commercial finance and establishes a policy bank to undertake strictly defined policy businesses. Policy banks' sources of funds mainly rely on issuing financial bonds or borrowing from the People's Bank of China, central bank, and generally do not accept deposits from the public. There are three policy banks in China: the Export–Import Bank of China, the Agricultural Development Bank of China, and the China Development Bank. All the policy banks are under the State Council of the People's Republic of China, State Council. Each of the two is dedicated to a specific lending purpose. ADBC provides funds for agricultural development projects in rural areas and Exim Bank o ...
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Xie Xuren
Xie Xuren (; born October 1947) is a Chinese politician, serving since 2013 as the Chair of the National Council for Social Security Fund. Previously he served as Minister of Finance of People's Republic of China, and Director-General of the State Administration of Taxation. He was also a member of the 17th Central Committee of the Chinese Communist Party. Biography Xie was born in 1947 in Ningbo, Zhejiang province. Xie first worked for Ningbo Zhenhai Machinery Factory. At beginning, Xie was in charge of the factory's general facilities, but later he was promoted to its vice-president. Xie joined the Chinese Communist Party in 1980. From September 1981 to January 1984, Xie studied at Zhejiang University in Hangzhou and majored in industrial finance management. Soon after graduation, Xie joined local government of Yuyao, a county (currently a city) of Ningbo, and he was the subprefect of Yuyao. Later Xie was transferred to Yin County, a county (now a core district) of Ningbo, ...
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Companies Based In Beijing
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporatio ...
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Banks Of China
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ...
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List Of National Development Banks
A national development bank is a development bank created by a country's government that provides financing for the purposes of economic development of the country. Africa * Botswana: National Development Bank of Botswana (NDB Botswana) * Ethiopia: Development Bank of Ethiopia (DBE) * Ghana: Agricultural Development Bank of Ghana (ADB) * Kenya: Development Bank of Kenya (DBK) * Mozambique: Banco Nacional de Investimento (BNI) * Nigeria: Bank of Industry (BOI) * Rwanda: Rwanda Development Bank (BRD) * Tanzania: Tanzania Agricultural Development Bank (TADB) * Uganda: Uganda Development Bank Limited (UDBL) Americas * Brazil: Brazilian Development Bank (BNDES) * Canada: Business Development Bank of Canada (BDC) * Colombia: Financiera de Desarrollo Territorial (FINDETER) * El Salvador: Banco de Desarrollo de El Salvador (BANDESAL) * Jamaica: Development Bank of Jamaica * Peru: (Cofide) * United States: Reconstruction Finance Corporation (1931-1957) and Puerto Rico Government Develop ...
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Banking In China
China's banking sector had () in assets at the end of 2023. The " Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world . Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank. History Supervisory bodies The People's Bank of China (PBOC) is China's central bank, which formulates and implements monetary policy. The PBOC maintains the banking sector's payment, clearing and settlement systems, and manages official foreign exchange and gold reserves. It oversees the State Administration of Foreign Exchange (SAFE) for setting foreign-exchange policies. According to the 1995 Central Bank law, PBOC has full autonomy in applying the monetary instruments, including setting interest rate for commercial banks and trading in government bonds. The State Co ...
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Zhan Dongsheng
Zhan Dongsheng (; born November 1965) is a Chinese economist and banker,currently serving as governor and party secretary of the Agricultural Development Bank of China. Early life and education Zhan was born in November 1965, and graduated from Southwest Agricultural College (now Southwest University). Career Zhan worked for a long time in the office of the Ministry of Agriculture and then the Central Leading Group for Finance and Economics. Zhan joined the Agricultural Bank of China in April 2008, where he was promoted to vice governor of the Sichuan Branch in May 2014 and was promoted again to become vice governor of the Agricultural Bank of China in February 2019. In May 2021, Zhan moved to the Agricultural Development Bank of China and was appointed deputy party secretary, vice chairman and governor. On 22 October 2024, he was named party secretary In politics, a party secretary is a senior official within a political party with responsibility for the organizati ...
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Zhu Shumin
Zhu Shumin (; born 1960) is a Chinese banker and politician who served as governor of the Agricultural Development Bank of China from 2015 to 2017. Zhu is a member of the 14th National Committee of the Chinese People's Political Consultative Conference. Early life and education Zhu was born in Yangzhou, Jiangsu, in 1960, and graduated from Fudan University. Career Zhu joined the Bank of China in October 1988. He moved up the ranks to become governor of the Jiangsu Branch in July 2003 and vice governor of the Bank of China in July 2010. In March 2015, he was named governor of the Agricultural Development Bank of China, succeeding . He was vice president of the China Banking Regulatory Commission (later renamed China Banking and Insurance Regulatory Commission The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council of China authorised to * Supervise the establishment and ongoing business activities of banking and insurance instit ...
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Qian Wenhui
Qian Wenhui (; born January 1962) is a Chinese banker and politician, currently serving as chairman of the Agricultural Development Bank of China. He is a member of the 14th National Committee of the Chinese People's Political Consultative Conference and a representative of the 20th National Congress of the Chinese Communist Party. Early life and education Qian was born in Yin County (now Yinzhou District of Ningbo), Zhejiang, in January 1962, and graduated from Shanghai University of Finance and Economics. Career Qian entered the workforce in July 1985, and joined the Chinese Communist Party (CCP) in April 1989. He joined the Shanghai Branch of the People's Construction Bank of China in July 1985 and over a period of 14 years worked his way up to the position of its vice governor in November 1999. Qian was appointed vice governor of the Bank of Communications in October 2004, concurrently serving as governor of its Shanghai Branch between July 2005 and November 2006. In ...
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Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ...
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Cornell University Press
The Cornell University Press is the university press of Cornell University, an Ivy League university in Ithaca, New York. It is currently housed in Sage House, the former residence of Henry William Sage. It was first established in 1869, making it the first university publishing enterprise in the United States, but was inactive from 1884 to 1930. The press was established in the College of the Mechanic Arts, as mechanical engineering was called in the 19th century, because engineers knew more about running steam-powered printing presses than literature professors. Since its inception, The press has offered work-study financial aid: students with previous training in the printing trades were paid for typesetting and running the presses that printed textbooks, pamphlets, a weekly student journal, and official university publications. Today, the press is one of the country's largest university presses. It produces approximately 150 nonfiction titles each year in various disci ...
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Bond (finance)
In finance, a bond is a type of Security (finance), security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the Maturity (finance), maturity date and interest (called the coupon (bond), coupon) over a specified amount of time.) The timing and the amount of cash flow provided varies, depending on the economic value that is emphasized upon, thus giving rise to different types of bonds. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and Share capital, stocks are both Security (finance), securities, but the major difference between the two is that (capital) stockholders h ...
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