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Created before Nov 2016
Last update: 2017-10-09 12:04:01
Karen Vermeer - BankTrack
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The predecessor of the Agricultural Bank of China was the Agricultural Cooperative Bank, established in 1951. Since the late 1970s, the bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently to a state-controlled commercial bank. The bank was restructured into a joint stock limited liability company in January 2009. In July 2010, the bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. At the launch of the listing, the bank had the world's largest initial public offering (IPO) at that time. It's ranked 6th in Forbes Global 2000 list of the world's biggest public companies. At the end of 2016 the bank controlled assets worth USD 2.816 trillion.
No.69, Jianguomen, NeiAvenue,
Dongcheng District Beijing 100005
Zhao Huan |
Annual report 2016|
CSR report 2016
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
The main share holder of Agricultural Bank of China is Huijin Investment, a state-owned investment company, which holds 40.03% of the shares.
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Voluntary initiativesAgricultural Bank of China has committed itself to the following voluntary standards:
The Agricultural Bank of China has no publicly available investment policies (April 2016). In its CSR year report of 2016, under 'Responsibility Management Mechanism' it mentions:
- Serving 'Sannong'
- Supporting the real economy
- Alleviating poverty
- Environmental protection
- Service improvement
- Employee development
- Public welfare
True leader Front runner Follower Laggard
BankTrack has assessed Agricultural Bank of China on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Agricultural Bank of China is assessed as a Laggard, with a total score of 0/12.