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Topic: Agricultural Bank of China

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	Bank of China - Wikipedia, the free encyclopedia
		The Hong Kong operations of the Bank of China were regrouped into Bank of China (Hong Kong) in 2001 and later BOCHK got listed on the Hong Kong Stock Exchange in October 2002.
		Headquarters of the BOCHK are located in the Bank of China Tower, which was designed by renowned architect I.M.Pei and was opened to the public in 1990 as the tallest building of Hong Kong at that time.
		Swiss bank UBS AG confirmed Thursday September 1, 2005 that it is in talks to take a stake in the Bank of China, China's second-biggest state-run commercial bank.
	en.wikipedia.org /wiki/Bank_of_China (742 words)

	Is Banking Reform in China Still on Track?
		In other words, bank managers were not focused on evaluating the net present value of the loans they issued, rather they were interested in satisfying the government leaders who would determine their career success or failure.
		He wants the banks to become more professional in their lending practices, but first the banks have to do something about the loans that were made in the past, loans that were often more political in nature than commercially motivated.
		Banks have been willing to fund state-owned enterprises that seemed, only a short while ago, to be on a "no money" list and are doing so despite continued ceilings on loan interest rates by the People's Bank of China.
	www.mtholyoke.edu /courses/sgabriel/economics/china-essays/11.html (2452 words)

	Banking Reform in China (Site not responding. Last check: 2007-10-08)
		These banks are expected, over the coming years, to become more competitive, both with each other and with the increasing numbers of foreign banks that have been allowed to operate, on a limited basis, in China.
		Premier Zhu Rongji wants the banks to become more professional in their lending practices, but first the banks have to do something about the loans that were made in the past, loans that were often more political in nature than commercially motivated.
		Thus, whether banks are denying loans to the right firms or the wrong ones would be hard to judge from afar, but it is clear that bankers, at least in the short term, would rather have the Chinese government as their debtor than firms.
	www.mtholyoke.edu /courses/sgabriel/china11.htm (1668 words)

	Agricultural Bank of China - Wikipedia, the free encyclopedia
		The Agricultural Bank of China (中国农业银行, pinyin: Zhōngguó Nóngyè Yínháng) is the smallest of the 'big four' banks in the People's Republic of China.
		It was founded in 1949, and has its headquarters in Beijing and has branches throughout mainland China, and also in Hong Kong and Singapore.
		This bank, insurance, or financial corporation article is a stub.
	en.wikipedia.org /wiki/Agricultural_Bank_of_China (105 words)

	UNDP Poverty Report 2000
		China's official estimates of income poverty show an extraordinary drop from 260 million poor in 1978 to 42 million in 1998.
		China's poverty programme has tried to address the growing disparities by channelling resources to poor regions - through subsidized loans from the Agricultural Bank of China, a food-for-work infrastructure programme run by the Planning Commission and grants by the Ministry of Finance.
		China's poverty programme would be strengthened tremendously if its targeted interventions were part of its overall economic strategy.
	www.undp.org /povertyreport/countryprofiles/china1.html (694 words)

	A new frontier for global finance
		On August 19, the Royal Bank of Scotland (RBS), leading a consortium that included investment banker Merrill Lynch and Hong Kong billionaire Li Ka-shing, acquired a 19.9 per cent stake in Bank of China, the second largest in the country in terms of assets, with an investment estimated at $2.5 billion.
		Add these to the acquisition by foreigners of two chunks of equity in China Construction Bank in the second half of June, and the tendency towards privatisation of the core of China's banking sector (except, of course, for the Agricultural Bank of China, which is unlikely to find willing buyers) is clearly established.
		Industrial and Commercial Bank of China, which received the largest share of recaptalisation funds from the government, claims to have slashed non-performing loans to 4.5 per cent of advances as compared with 19 per cent last year.
	www.flonnet.com /fl2219/stories/20050923004712000.htm (1663 words)

	Bloomberg.com: Asia
		China's top four banks had 1.56 trillion yuan ($188 billion) in bad loans on Sept. 30, 15.7 percent of total lending, a figure that is swelling as the government moves to slow the economy.
		Bank of China reduced its bad loan ratio to 5.36 percent at the end of June and Construction Bank cut it to 2.14 percent.
		Agriculture Bank's non-performing loan ratio was 29 percent at the beginning of the year.
	www.bloomberg.com /apps/news?pid=10000080&sid=aXVcXfFUpMoA&refer=asia (852 words)

	chinabankweb
		The People’s Construction Bank of China (PCBC) was established in 1954 as a center for appropriations, loans, and settlements for the country’s capital construction.
		The Agricultural Bank of China (ABOC) was separated from the operations of the PBOC in 1979 to be solely responsible for financing agricultural development.
		The Bank of China’s weak profitability measures coupled with insufficient capital reserves and exacerbated by Nicholas Lardy’s examples of how state banks overestimate income lead to a dire financial conclusion; the Bank of China is virtually insolvent.
	www.gwu.edu /~econ270/AndyP.htm (7549 words)

	Chartered Treasury Manager -- A Fortnightly Newsletter from The Association of Chartered Treasury Managers
		Huarong AMC was established to enhance the position of the Industrial and Commercial Bank of China, China Xinda provided the necessary assistance to China Construction Bank, China Great Wall for the Agricultural Bank of China and China Orient for the Bank of China.
		In April 2003, China Banking Regulatory Commission (CBRC) was established in order to reform risk mitigation techniques adopted by the banks and decrease as well as curtail the growth of bad loans.
		There was a repeat in the spurt of banking advances in late 2002 and over 2003 owing to the increased demand for loans and the anticipation of diluting the ratio of NPAs existing on their books.
	www.actm.org /actmnl/dec11/web/coverstory.htm (2148 words)

	CHINA: COUNTRY COMMERCIAL GUIDE - 1999 (Site not responding. Last check: 2007-10-08)
		China's banking system is changing rapidly under the impetus of economic reforms.
		The World Bank conducts procurement by the rules of international competitive bidding through Chinese tendering organizations; nonetheless, successful bidding requires close coordination with the Chinese government entity responsible for developing a project at the consulting stage, when specifications are being established.
		Eximbank works with the Bank of China and the State Development Bank, and will work with other banks, including China Construction Bank, Industrial and Commercial Bank of China and Bank of Communication, assuming full faith and credit guarantees are available from the Chinese government.
	www.mac.doc.gov /tcc/data/commerce_html/countries/Countries/China/CountryCommercial/1999/TradeandProject.html (1786 words)

	CNN.com - China bank joining Hang Seng index - Nov. 11, 2002
		Its parent, the Bank of China, is one of China's four big state-owned banks and the only one yet to achieve an overseas listing.
		Bank of China, which holds 75 percent of BOC Hong Kong, plans to list in China within three years.
		Wang, the former head of the bank's New York operations, left the bank at the start of 2000 and in January was removed from his Chinese banking positions.
	archives.cnn.com /2002/BUSINESS/asia/11/11/china.banking.biz (680 words)

	PRESS RELEASE China World Trade Corp Issues Co-Branded Credit Card in Partnership With Agricultural Bank of China, a ... (Site not responding. Last check: 2007-10-08)
		Headquartered in Beijing, Agriculture Bank of China (ABC) is among the largest of the four state-owned commercial banks in China.
		China World Trade Corporation is an official operator of World Trade Centers in China, in association with The World Trade Centers Association (WTCA, www.wtca.org) and offers an enormous variety of services for businesses and industries seeking to do business in China.
		China World Trade Corporation is uniquely positioned and highly qualified to capture the opportunities created in this historical period, and is an effective gateway to the tremendous economic growth between China and the world.
	www.marketwire.com /mw/release_html_b1?release_id=63558 (609 words)

	Untitled
		The Bank's Deputy Governors are Yan Haiwang, Liu Mingkang, Yin Jieyan, Shang Fulin and Shi Jiliang.
		Although these banks (created in 1994 by an act of the State Council) are subject to PBOC supervision in their business operations, they are responsible for risks on their own, they operate on a non-profit, non-loss basis and do not compete with commercial banks.
		China has been able to maintain growth by balancing the needs of different regions of the country and all regions have shown tremendous improvements despite increased bank liabilities.
	www.gwu.edu /~ylowrey/Cfedd1.htm (4310 words)

	Asia Times Online - News from greater China; Hong Kong and Taiwan
		Since the state banks have never fully and publicly disclosed their financial status, nobody knows for sure just how inadequate the capital ratio is in the big four banks.
		For these banks to make enough profits to meet the challenges, it will take at least 20 to 25 years, assuming the economy is growing at the current rate and no additional large debts accrue.
		Other risk factors in the banks' operating environment must be taken into consideration, including the economic outlook, the fragile structure of the financial system and the quality of banking regulation and supervision.
	www.atimes.com /atimes/China/FA09Ad02.html (1591 words)

	Agricultural Bank of China (Site not responding. Last check: 2007-10-08)
		In 1949, the Farmers' Bank and the Cooperative Bank were taken over to form the Agricultural Cooperative Bank, which was soon merged into the People's Bank of China.
		In March 1953, the Agricultural Bank of China, a new bank, was inaugurated.
		It is a bank solely dedicated to rural finance.
	home.olemiss.edu /~yguo/ny.htm (168 words)

	CNN.com - China advances bank reform plans - Nov. 26, 2003
		China has set up a cabinet-level group to push reforms of the top state banks that include plans to inject capital to help them float shares, government sources say.
		The regulator would push corporate governance at Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China while the other two agencies would focus on capital injection, the official said.
		A report late last year on China's financial system said the bad loans could be as high as $720 billion and could require a $320 billion rescue package.
	cnn.com /2003/BUSINESS/11/25/china.banks.reut (269 words)

	VoIP Case Study - Agricultural Bank of China
		ABC’s ultimate goal was to consolidate its multiple regional call centres into one centralised, highly efficient call center using VoIP (voice over IP).
		ABC Bank had many technical requirements for implementing VoIP.
		Finally, ABC wanted to minimise the impact on their end-users, so they did not have to change their dial plans or calling habits.
	www.techland.co.uk /index/quintum_voip_case_abc (708 words)

	News Item: China bank has small loans on offer to women (Site not responding. Last check: 2007-10-08)
		An official of the central bank, the People's Bank of China, summed up the official attitude to ``microcredit,'' or lending to the very poor, in a country where market reform has swept many industries but banking remains the prerogative of the state.
		The programme was launched in 1989 in poverty-stricken Luliang district and the local branch of the Agricultural Bank agreed to extend 135,000 yuan ($16,265) worth of loans to women whose annual income was below 400 yuan ($48), among the poorest in the province, she said.
		Barry said she was interested in expanding WWB into China but has been delayed because it can only affiliate itself with non-government, private, non-profit-making organisations not linked to a political party, almost impossible in China where the Communist Party controls all financial institutions.
	www.gdrc.org /icm/country/news-2.html (590 words)

	U.S. Commercial Service China: Banking
		China's banking system has undergone significant changes in the last two decades: banks are now functioning more like banks than before.
		China Banking Regulatory Commission (CBRC) was officially launched on April 28, 2003, to take over the supervisory role of the PBOC.
		Small foreign exchange deposits of Chinese residents with foreign banks in China were included in the PBOC interest rate administration of small foreign exchange deposits, so that domestic and foreign financial institutions are treated fairly with regard to the interest rate policy of foreign exchange deposits.
	www.buyusa.gov /china/en/bank.html (2037 words)

	China's Emerging Micro-finance Industry
		Although China has one of the fastest-growing urban economies in the world, more than 85 percent of the population remains in rural areas.
		China's mainstream rural financial institutions include more than 50,000 rural credit cooperatives in villages and townships and thousands of branches of the Agricultural Bank of China in townships and county seats.
		Because micro-finance is relatively new to China, donors have supported pilot operations to test the ability of various micro-finance methodologies to reach poor rural households.
	www.gdrc.org /icm/country/china-mfi.html (879 words)

	Forbes.com: China's Construction Bank basks in new spotlight (Site not responding. Last check: 2007-10-08)
		The bank, the investment banking partner of Morgan Stanley and tipped to float shares abroad, has long been overshadowed by rival Bank of China, by far the more familiar brand overseas.
		China Construction Bank wants to slash its bad debt ratio, which it trimmed to just over 11 percent in 2003, to single digits this year.
		Along with Bank of China, the nation's top foreign exchange bank with which it shared $45 billion of government money, it is positioned to grab market share from the other two state banks, the Industrial Bank of China and Agricultural Bank of China.
	www.forbes.com /home/newswire/2004/01/06/rtr1199315.html (627 words)

	Asiaweek.com \| Webfiles: Battling the Bank of China \| 7/19/2001
		"China's banking system is so corrupt and the managers themselves are the biggest thieves," says a senior executive with the Agricultural Bank of China, one of the top banks in the country.
		During their July 5 meeting, Liu told her that the bank and legal authorities are in the process of prosecuting the former employees but that in the meantime the bank could not release her funds.
		All of China's major state banks are in the process of writing off their bad loans and planning public offerings overseas.
	www.asiaweek.com /asiaweek/daily/foc/0,8773,168196,00.html (1120 words)

	Bloomberg.com: Top Worldwide
		An official at Agricultural Bank who helps supervise the bank's balance sheet said the lender is not in talks with Goldman about selling bad loans.
		The investment bank's agreement to buy loans directly from Industrial Bank came during a visit to Beijing last month by Goldman's Paulson, and was the first such venture.
		Agricultural Bank mainly lends to rural cooperatives, many of which are struggling as the government deregulates prices and opens its markets to foreign produce.
	quote.bloomberg.com /apps/news?pid=10000006&sid=aKzKaqI.xoZc&refer=home (576 words)

	Investor's Business Daily: Breaking News
		The Agricultual Bank and the Industrial and Commercial Bank of China are due to start reforms after these listings and must focus on improving the quality of their assets and financial performance, Tang said.
		China has already injected $45 billion into the Bank of China and the China Construction Bank to help clean up their books.
		Over the weekend Xinhua news agency reported that a former Bank of China typist was arrested for allegedly embezzling $6 million, AFX reported.
	www.investors.com /breakingnews.asp?journalid=26668320&brk=1 (518 words)

	OneOmega.Com
		A Smaller Bank is referred to by this term not because it is a small bank per se, but it is a small bank in the environment it is operating in.
		To illustrate this fact while Agricultural Bank of China is the largest bank in the world in terms of number of branches the HongKong branch of Agricultural Bank of China come in the Smaller Bank category.
		The primary reason why the Smaller Banks tend to focus on Wholesale Banking is that Retail Banking requires a large network of branches which statutory rules or the capital intensive nature of this inhibit them from doing.
	www.eskimo.com /~anil/oneomega/mSegment.htm (320 words)

	The Epoch Times \| Former Executives of Agricultural Development Bank of China Charged with Embezzlement
		A branch of the Agricultural Bank of China in Beijing.
		Beijing — Former Agricultural Development Bank of China vice presidents Hu Chushou and Yu Dalu were charged with embezzling 810 million yuan (US$98 million), according to a Jan. 10 report by Chinese media.
		Authorities accuse the two of using their influence to have the bank loan 920 million yuan to a company to purchase electronic equipment, automobiles and other items.
	www.theepochtimes.com /news/5-1-15/25723.html (297 words)

	CHINA: COUNTRY COMMERCIAL GUIDE - 1998 (Site not responding. Last check: 2007-10-08)
		At the top of the system is China's central bank, the People's Bank of China (PBOC), which sets monetary and, together with the State Administration for Exchange Control (SAEC), foreign-exchange policies.
		This report must be prepared by a certified public accounting firm registered in China and approved by the SAEC.
		The Asian Development Bank (ADB): China was one of ADB's largest borrowers last year, with a total of US$3.2 billion.
	www.mac.doc.gov /tcc/data/commerce_html/countries/Countries/China/CountryCommercial/1998/TradeandProject.html (1783 words)

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