About ABC Company

The Bank's predecessor can be traced back to the Agricultural Cooperative Bank, which was established in 1951. Since it was re-established in February 1979, the Bank has successively experienced various stages of development, such as national specialty banks, wholly state-owned commercial banks, and state-owned commercial banks. In January 2009, the Bank was restructured as a company limited by shares. In July 2010, the Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively. The Bank is one of the major comprehensive financial service providers in China. With the theme of high-quality development, the Bank highlights the two major positions of “leading bank serving rural revitalization” and “main bank serving the real economy”, and fully implements the three major strategies of “three rural areas” inclusiveness, green finance, and digital management. With its comprehensive business portfolio, vast distribution network and leading technology platform, the Bank provides customers with various corporate banking and retail banking products and services, and also carries out financial market business and asset management business. The scope of business also covers investment banking, fund management, financial leasing, life insurance and other fields. By the end of 2023, the Bank had total assets of RMB 398,72,989 billion (RMB, same below), total customer loans and advances of RMB 226,14.621 billion, absorbed deposits of RMB 288,98.468 billion, capital adequacy ratio of 17.14%, and achieved net profit of RMB 269.820 billion for the whole year. By the end of 2023, the Bank had a total of 22,843 branches, including the head office headquarters, head office sales department, 4 head office franchises, 4 training institutes, 37 first-level branches, 409 second-level branches, 3,316 first-level branches, 19,025 grass-roots business institutions, and 46 other organizations. Overseas branches include 13 overseas branches and 4 overseas representative offices. The Bank has 16 major holding subsidiaries, including 11 domestic and 5 overseas. Since 2014, the Financial Stability Council has included the Bank in the global systemically important banks list for 10 consecutive years. In 2023, the Bank ranked 3rd among the world's banks in terms of Tier 1 capital. As of the date of publication of this year's report, the Bank's Standard & Poor's long/short-term issuer credit rating was A/A-1, Moody's long/short-term bank deposit rating was A1/P-1, and Fitch long/short-term issuer default rating was A/F1+.