COMPANIES IN CHINA
03 AGRICULTURAL BANK OF CHINA
04 BANK OF CHINA
Formerly known as Agricultural Cooperative Bank , the Agricultural Bank of China ( ABC ) was established in 1951 . Areas the bank operates in include investment banking , fund management , financial leasing and life insurance . At the end of 2014 , the bank had 23,612 domestic branch outlets and eight overseas . Since 2015 , ABC has been innovating in its support for big projects and key customers , with project financing including the south-to-north water diversion , a rural grid upgrade and Beijing ’ s new airport , which is the biggest airport construction project in the China ’ s civil aviation history .
From 1912 to 1949 , the Bank of China served as the country ’ s central bank , international exchange bank and specialised international trade bank . After 1949 , it became responsible for managing China ’ s foreign exchange operations and provided vital support to the nation ’ s foreign trade development and economic infrastructure by its offering of international trade settlement , overseas fund transfer and other non-trade foreign exchange services . It is described as China ’ s most internationalised and diversified bank .
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