(1) Agricultural Bank of China (ABC) was established on 195 1. Headquartered at 69 Jianguomen Inner Street, Beijing. It is a large state-owned bank managed by the central government. It is also one of the four largest banks in China. Agricultural Bank of China is an important part of China's financial system. It provides various products and services for corporate banks and retail banks, and also carries out financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.

(2) China Agricultural Development Bank is the only agricultural policy bank directly under the leadership of the State Council in China. Established in June 1994 1 1. The main responsibility is to raise funds based on national credit, undertake agricultural policy-oriented financial business, allocate financial support funds for agriculture on behalf of the state, and serve the development of agriculture and rural economy. ?

2, the difference:

(1) China Agricultural Bank is a state-owned commercial bank, which can absorb deposits, issue loans, settle accounts and other businesses for profit. ?

(2) China Agricultural Development Bank is a policy bank, which is mainly responsible for handling the national special loans and purchase loans for major agricultural and sideline products such as national grain, cotton and oil, not for profit.

Extended data

(1) Bank is a legally established financial institution engaged in monetary credit business, which is the product of the development of commodity monetary economy to a certain stage. Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.

(2) Central Bank: China People's Bank is the central bank of China.

(3) State-owned policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank.

(4) State-owned commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications. ?

(5) Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, UBS Group AG, Societe Generale, etc.

(6) World Bank: It is used to help countries overcome poverty. Various institutions play a unique role in the mission of alleviating poverty and improving living standards.

References:

Baidu Encyclopedia-Bank (financial institution engaged in monetary and credit business according to law)