Agricultural Bank of China (ABC) is a large listed bank in China and one of the five largest banks in China. Originally established in 195 1 (xinmao year), it is the first state-owned commercial bank established in new China and an important part of China's financial system, with its head office in Beijing. Agricultural Bank of China has been ranked among the top 500 enterprises in the world for several years, and ranked among the top 7 in "Global Banking 1000", with Moody's credit rating of A 1. In 2009, Agricultural Bank of China was transformed from a wholly state-owned commercial bank to a modern joint-stock commercial bank, and completed the "A+H" listing on 20 10, ranking fifth among the listed banks in the world in terms of total market value. In 20 15, it ranked 23rd among the top 500 Chinese brands sponsored by China Brand Value Research Institute.