Agricultural Bank of China Limited (ABC, simplified Chinese: 中国农业银行; traditional Chinese: 中國農業銀行; pinyin: Zhōngguó Nóngyè Yínháng), also known as AgBank or 农行 Nóngháng, is one of the “Big Four” banks in the People’s Republic of China.
It was founded in 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China’s third largest lender by assets. ABC went public in mid-2010, fetching the world’s biggest ever initial publicoffering (IPO) at the time, since overtaken by another Chinese company, Alibaba. As of 2011, it ranks 8th among the Top 1000 World Banks, meanwhile Forbes Global 2000 named it the 25th-largest public company in the world.
In 2014, it ranks 3rd in Forbes’ 11th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world.