China Agricultural Bank is the abbreviation of China Agricultural Bank, and China Agricultural Bank, formerly known as Agricultural Cooperative Bank, is the first professional bank and state-owned commercial bank established in the new China period.
At the same time, it is also an important part of China's financial system, which is directly managed by the central government. The business scope of Agricultural Bank mainly includes banking business, RMB business and foreign exchange business.
Among them, banking business includes fund management, financial leasing and other projects, RMB business includes absorbing public deposits, handling domestic and overseas settlement and bill discount, and foreign exchange business includes foreign exchange deposits, foreign exchange loans and foreign currency exchange.
195 1 10 in July, the agricultural cooperative bank, the predecessor of China Agricultural Bank, was established, led by the People's Bank of China, and assumed the responsibility of financial services for rural economic and social recovery and development in new China. 1952 merged with the people's bank of China in July, and its functions were merged into the people's bank.
On March 25th, 1955 was formally established in the name of "Agricultural Bank of China" according to the requirements of providing credit support for agricultural cooperation. 1April, 957, merged with China People's Bank again.
1963165438+10. In October, according to the requirements of unified management of national agricultural funds, China Agricultural Bank was re-established as an institution directly under the State Council. 1965165438+1October, and merged with China People's Bank for the third time.
1On February 23rd, 979, the State Council issued the Notice on Restoring the Agricultural Bank of China, and the Agricultural Bank of China resumed its establishment for the fourth time.
In June 1984, the Agricultural Bank introduced the first World Bank loan.
On June 24th, 1985, Agricultural Bank of China unified the font of bank names for the first time.
1on June 25th, 985, the central government decided to set up the Party Committee of Agricultural Bank of China.
199365438+February, the State Council explicitly decided that "China Agricultural Bank was transformed into a state-owned commercial bank", and China Agricultural Bank began to transform into a state-owned commercial bank.
From April 65438 to April 0994, China Agricultural Bank transferred most of its policy business to the newly established China Agricultural Development Bank.
1In August, 1996, according to the State Council's Decision on the Reform of Rural Financial System, China Agricultural Bank no longer led and managed rural credit cooperatives, and was separated from administrative subordination.
1In July, 1999, China Agricultural Bank divested its non-performing assets from the newly established China Great Wall Asset Management Company.
In 2004, the Agricultural Bank of China first reported the share reform plan.