Agricultural Bank of China

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The Agricultural Bank of China (hereafter referred to as ABC or the Bank) is the first commercial bank established in the People's Republic of China in 1951 and the State's first specialized bank set up after the reform and opening-up of the country in February 1979. On Fortune Global 500, they ranked 223 in 2008 and 155 in 2009.[1]


Xiang Junbo, President of the Agricultural Bank of China is a former deputy governor of China's central bank.[2]
Gang Xiao, Chairman of the Bank of China Ltd since 2003, was deputy governor of the People’s Bank of China from 1998 to 2003.[3]



Revolving Door.jpg This article is part of the Revolving Door project of Spinwatch.



  1. CNN, Agricultural Bank of China, accessed 07 April 2010.
  2. New York Times, "Agricultural Bank of China may offer shares to the public by 2010," 08 February 2008, accessed 07 April 2010.
  3. Financial Times, Bank of China Ltd, accessed 07 April 2010.