The Agricultural Development Bank of China (ADBC) is a
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 bus ...
of China under the
State Council State Council may refer to:
Government
* State Council of the People's Republic of China, the national cabinet and chief administrative authority of China, headed by the Premier
* State Council of the Republic of Korea, the national cabinet of S ...
. 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
Bond or bonds may refer to:
Common meanings
* Bond (finance), a type of debt security
* Bail bond, a commercial third-party guarantor of surety bonds in the United States
* Fidelity bond, a type of insurance policy for employers
* Chemical bond, t ...
auction.
Leadership
Chairmen
Governors
See also
*
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, ...
*
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 ...
References
External links
*
Banks of China
Companies based in Beijing
Government-owned banks of China
1994 establishments in Beijing
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