Agricultural Development Bank of China explained

Agricultural Development Bank of China
Native Name:中国农业发展银行
Type:Policy bank
Foundation:1994
Location City:Beijing
Location Country:China

The Agricultural Development Bank of China (ADBC) is a policy bank of China under the State Council.[1] The bank was established in November 1994. Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies, undertake agricultural policy financial services, act as an agent for the allocation of fiscal support funds for agriculture, and serve agriculture and rural economic development.[2]

In 2004, the bank implemented its first bond auction.[3]

See also

Notes and References

  1. Web site: ADBC . Policy Banks China . July 30, 2021 .
  2. Web site: 招聘墙】中国农业发展银行云南省分行2018年社会招聘公告_应聘 . 2024-04-04 . www.sohu.com.
  3. Book: Chen, Muyang . The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance . 2024 . . 9781501775857 . Ithaca and London . 10.7591/jj.6230186.