Agricultural Bank of China (601288)

Ratings

5 / 5

Dividend

5

2 / 5

Investing

2

2 / 5

ESG

2

Agricultural Bank of China (ABC) is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China’s state-owned investment company, and the Ministry of Finance own 40% and 35%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 37%, 44%, and 12% of total revenue in 2021, respectively. Rural banking and urban banking contributed 41% and 59% of total revenue in 2021.