The Agricultural Bank of China, formerly known as the Agricultural Cooperative Bank approved by the State Council of the Central People's Government in July 1951, has gone through three times and three combinations (merged with the People's Bank of China in July 1952; established officially under the name of the Agricultural Bank of China in March 1955, in accordance with the requirements of providing credit support for agricultural cooperativization. In April 1957, it merged with the People's Bank of China (PBOC) again; in November 1963, it was established again in accordance with the requirement of unified management of national funds for agricultural support; in November 1965, it merged with the PBOC for the third time); it was re-established for the fourth time in February 1979; it was transformed into a commercial bank in December 1993; in April 1994, it was separated into the Agricultural Development Bank of China (ADB); and in August 1996, the Rural Credit Union (RCU) was separated from the Agricultural Bank of China (ABC) in terms of administrative subordination. and Agricultural Bank of China were separated from the administrative affiliation, in July 1999, the newly formed China Great Wall Asset Management Company was divested of non-performing assets, known as "one point, one take off, one strip", in January 2009, the Agricultural Bank of China Limited was founded, and in July 2010, the A+H shares were listed in the public domain, becoming a large-scale state-controlled, public shareholding bank. The bank.