Agricultural Development Bank of China
Encyclopedia
The Agricultural Development Bank of China is a Policy Bank under the People's Central Bank of China (PBOC). As such, is responsible for funding projects related to China's economic growth. If the ADBC requires funding for its own operations, its bonds are considered as safe as the Central Bank's bonds, since it is fully banked by the PBOC.
This is not to be confused with the Agricultural Bank of China
, however, is one of the big four commercial banks that used to be a state-owned bank.
This is not to be confused with the Agricultural Bank of China
Agricultural Bank of China
Agricultural Bank of China Limited , also known as AgBank, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Beijing...
, however, is one of the big four commercial banks that used to be a state-owned bank.