Agricultural Bank Of China (601288) Stock Price, News, Quotes-Moomoo

601288 Agricultural Bank Of China

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3.54 -0.03-0.84%

Trading 12/11 13:42 CST

3.57High3.50Low3.05MlotVolume

Intraday

About Agricultural Bank Of China Company

The company's predecessor can be traced back to the Agricultural Cooperative Bank established in 1951. Since it resumed establishment in February 1979, the Bank has successively experienced various stages of development, such as national specialized banks, wholly state-owned commercial banks, and state-owned commercial banks. In January 2009, the entire Bank was restructured as a limited company. In July 2010, the Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively. The company's main business is to provide banking and related financial services. Corporate honors: 2017 IDC Asia Pacific Financial Industry Innovation Award, 2016 Top 10 Social Marketing Cases in the Financial Industry, 2015 Most Socially Responsible Financial Institution Award, Outstanding Charity Project Award, Best Social Responsibility Special Contribution Network Award, etc. As of the end of June 2023, the Bank had a total of 22,838 branches in China, including the head office headquarters, head office sales department, 4 head office franchise agencies, 4 training institutes, 37 first-level branches, 408 second-level branches, 3,320 first-level branches, 19,017 grass-roots business institutions, and 46 other institutions. There are 13 overseas branches and 4 overseas representative offices, namely Hong Kong, Singapore, Seoul, New York, Dubai International Financial Center, Dubai, Tokyo, Frankfurt, Sydney, Luxembourg, London, Macau, London, China, Macau and Hanoi branches, and representative offices in Vancouver, Chinese Taipei, Sao Paulo, and Dushanbe. In addition, the Bank also has 16 major holding subsidiaries, including integrated management subsidiaries, overseas subsidiaries, village banks, etc.

Revenue Breakdown

Product Currency:CNY

Stock NameRevenueRatio

Net interest income290.42B79.40%

Net income from fees and commissions50.73B13.87%

income from investment11.98B3.27%

Fair value change gains and losses7.36B2.01%

Other operating income3.62B0.99%

Exchange gains and losses1.65B0.45%

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News

Comments

Spinee

12/07 16:47

Moody's Downgrades Rating Outlook on 8 CN Banks, BABA, TENCENT & Others to Negative

Moody’s Investors Service downgraded the credit rating outlook for eight Chinese banks to "Negative", including $ABC(01288.HK)$$BANK OF CHINA(03988.HK)$$CCB(00939.HK)$$ICBC(01398.HK)$$PSBC(01658.HK)$ , Agricultural Development Bank of China, China Development Bank, and Export-Import Bank of China. This decision aligned with Moody's recent downgrade of China's sovereign rating outlo...

Spinee

11/13 18:24

HSI Spikes 222 Pts on Techs & Financials

$Hang Seng Index(800000.HK)$ leaped 222 pts or 1.3% to close at 17,426. $Hang Seng China Enterprises Index(800100.HK)$ added 88 pts or 1.5% to close at 5,989. $Hang Seng TECH Index(800700.HK)$ hiked 88 pts or 2.3% to close at 3,981. Total market turnover for the whole day was $75.188 billion.
$BABA-SW(09988.HK)$ 's Taobao & Tmall, $JD-SW(09618.HK)$ , $KUAISHOU-W(01024.HK)$ and $BILIBILI-W(09626.HK)$ each chartered growth during the Double 11 shopping festival. $BABA-SW(09988.HK)$ added 1.3...

AlanYeo

11/06 17:54

DBS: Agricultural Bank of China – Buy Target Price HK$3.40

The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure.
DBS: Agricultural Bank of China – Buy Target Price HK$3.40 - Alpha Edge Investing
$Agricultural Bank Of China(601288.SH)$$ABC(01288.HK)$

Spinee

10/31 11:03

HSI Opens 68 pts Lower as HSBC Softens

Hong Kong stocks opened lower in the morning as more companies listed in the Hong Kong stock market released their quarterly results. At open, $Hang Seng Index(800000.HK)$ slid 68 points or 0.4% to 17,337. $Hang Seng China Enterprises Index(800100.HK)$ dropped 20 points or 0.4% to 5,939. $Hang Seng TECH Index(800700.HK)$ fell 25 points or 0.7% to 3,829.
$BOC HONG KONG(02388.HK)$ hiked 0.7% to $20.75 after its operating profit before impairment allowances surged 26% YoY in 1Q23 to 3Q...

Spinee

10/12 11:52

Central Huijin’s modest yet symbolic investments reminiscent of its actions during the 2015 Chinese equity market turmoil, signifies the government’s desire to maintain market stability.
$Hang Seng Index(800000.HK)$$BANK OF CHINA(03988.HK)$$ABC(01288.HK)$$CM BANK(03968.HK)$$ICBC(01398.HK)$$NASDAQ Golden Dragon China(.HXC.US)$

Spinee: 恒指开盘上涨365点内地四大银行上涨

Spinee

10/12 10:15

HSI Opens 365 pts Higher; 4 Major CN Banks Rise

Hong Kong stocks opened higher in the morning after the Central Huijin Investment increased its holdings of the A-shares of the 4 major Chinese banks. $Hang Seng Index(800000.HK)$ opened 365 points or 2% higher at 18,258. $Hang Seng China Enterprises Index(800100.HK)$ opened 139 points or 2.3% higher at 6,272. $Hang Seng TECH Index(800700.HK)$ opened 86 points or 2.2% higher at 4,038.
Mainland bank stocks $CCB(00939.HK)$ and $ICBC(01398.HK)$ opened 3.2% an...

Clamb148

10/12 09:48

Time to exit

$CCB(00939.HK)$$BANK OF CHINA(03988.HK)$$ABC(01288.HK)$ Time to run? Govt's massive buy-in gives chances for fund houses & institutions to exit & dump. After the buy-in stops, majority of their shares will be under control of the states. How much can you choose to believe about the swaying of policies instead of the market force ?

AlanYeo

07/12 10:14

DBS: <News Alert> China banking sector: Jun total social financing grew 9%, new increment above expectation

SIYIINVEST

05/05 13:14

$ABC(01288.HK)$
$ABC(01288.HK)$
From extremely undervalued to borderline neutral. Sold 20% of position to partially realize the gain.

Spinee

12/13/2022 14:33

China central bank buys 750b yuan special sovereign bonds in open market operations on Dec 12.

The Ministry of Finance decided to issue special national debt to raise financial funds and support the development of the national economy and social undertakings.
The special national debt of 750 billion yuan issued this time is a renewal of the special national debt issued in 2007, which expires on December 11.
Market analysts believe that with the full purchase of the central bank, the special na...

Chinese stocks: Best opening in years with 80% rally