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Agricultural Bank of China

An ICBC branch in Chengdu. Photo: Bloomberg
Banking & finance

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.

Banking & finance

Banks may become collateral damage of China’s policy bazooka

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Banking & finance

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

Banking & finance

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.

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An advertisement displaying the interest rate for loans at a branch of the Industrial and Commercial Bank of China in Chengdu, capital of southwestern Sichuan province. Photo: Bloomberg
China stock market

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.

Banking & finance

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.

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Banking & finance

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.

PIF has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading Chinese financial institutions. Photo: PIF
Banking & finance

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.

Banking & finance

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.

Banking & finance

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.

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Fitch said the current size of China’s banking system limits the amount of support the central government could give to its biggest lenders. Photo: Reuters
Banking & finance

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.

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Illustration: Henry Wong
Banking & finance

‘Positive signs of recovery’: China’s largest state-owned banks post earnings growth

Results came despite government calls to slash rates and inject liquidity into the country’s slumping property sector.

China property

BOC, China Everbright among banks injecting billions into ‘whitelist’ properties

Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country.

Banking & finance

Bank of China plans US$21 billion bond sales to meet capital requirements

The bank will be the nation’s first big state bank to sell loss-absorbing bonds to plug a major funding shortfall before a 2025 deadline to meet global capital requirements

The Bank of China logo is seen in New York City. Photo: Shutterstock
Banking & finance

China’s biggest banks lower deposit rates for third time to boost profitability

China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

A Bank of China branch in Beijing’s central business district. The bank is among lenders cutting deposit rates on some of their products by as much as 25 basis points. Photo: EPA-EFE
Banking & finance

How China’s property woes test Beijing’s bottom line of no systemic risks

A Post review of midyear financial reports by 18 ‘systemically important’ banks in China finds that more than two-thirds have higher outstanding non-performing property loans.

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China property

China’s mortgage-rate cut to put profit squeeze on state banks

Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.

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Banking & finance

Agricultural Bank of China reports a higher-than-expected interim profit

One of China’s biggest banks has issued a warning about slimmer net interest margins even as it reported a higher-than-expected interim profit, as the world’s second-largest economy grapples with slowing growth and a property crisis.

An Agricultural Bank of China branch in Beijing. Photo: Reuters
Banking & finance

China names new central bank governor as twice-a-decade finance conference nears

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.

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Banking & finance

Communist Party mouthpiece defends Chinese banks after gloomy Goldman report

The Securities Times, owned by the People’s Daily, pushed back against a report by Goldman Sachs that prompted a sell-off of some of the nation’s major state-backed banks.

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China stock market

Chinese banks surge at pace not seen since 2015 on valuation, SOE bets

Investors have been snapping up Chinese banking stocks at a pace not seen since the 2015 market bubble in the hopes that lenders’ profit growth will accelerate and government-led drives to boost valuations and improve efficiency at SOEs will underpin sentiment.

A branch of Industrial and Commercial Bank of China in Beijing. Policy tailwind has also created confidence in banking stocks, with the industry’s major players all being state-backed. Photo: Reuters
Banking & finance

China’s top banks plan US$5.8 billion of bond sales to plug capital shortfall

China’s megabanks are planning at least 40 billion yuan (US$5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.

China’s top banks including ICBC are planning to sell at least 40 billion yuan worth of bonds to comply with global rules. Photo: Reuters
Corruption in China

Former Bank of China chief Liu Liange facing corruption investigation

The 62-year-old was abruptly removed from his post as chairman and party chief at the leading state-owned lender in February.

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China property

China banks offer billions to developers after Beijing confirms rescue plan

After the PBOC and the CBIRC officially confirmed a 16-point rescue plan for the real estate sector on Wednesday, banks have been rushing to offer financing support for several struggling companies.

Banking & finance

ICBC expects China’s zero-Covid policy to weigh on loan quality

ICBC, the world’s largest bank by assets, sees more challenges ahead in staving off the impact of China’s strict zero-Covid measures on its loan quality.

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ICBC’s net interest margin fell to 2.03 per cent in the first six months of the year, compared with 2.12 per cent a year earlier. Photo: Bloomberg
Banking & finance

Agricultural Bank’s interim profit rises as it defies economic woes

China’s US$52 trillion banking industry is being closely scrutinised by investors as the country’s rolling Covid-19 lockdowns and a deepening property crisis is slowing economic growth.

The headquarters of the Agricultural Bank of China in Beijing on July 14, 2010. Photo: AFP
Banking & finance

Chinese banks overflow with cash that nobody wants to borrow

Struggling to find enough clients, banks have been swapping bills with each other just so they can meet regulatory requirements for corporate lending.

Banking & finance

Chinese bank profits seen up on strong loan demand, PBOC measures

Chinese state-owned banks are likely to deliver single-digital growth in first-quarter net profits when they report their results on Friday, but the outlook for the rest of the year is less clear.

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Agricultural Bank of China
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
last updated:
27 August, 2024
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