The Agricultural Development Bank of China is a Chinese
policy bank under the
State Council of the People's Republic of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
.
As such, it is responsible for funding projects related to
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
's economic growth. If the ADBC requires funding for its own operations, its bonds are considered as safe as the Central Bank's bonds, however PBOC or PRC government do not guarantee any kind of borrowings including bonds. It was founded in 1994.
See also
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Banking in China
China's banking sector had () in assets at the end of 2020. The "big four/five" 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, ...
References
External links
Official site (cn)
Banks of China
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