The Agricultural Bank of China ( 中国农业银行, pinyin: Zhōngguó Nóngyè Yínháng ) is one of the 'big four' banks in the People's Republic of China. Pinyin (拼音, pīnyīn) literally means join (together) sounds (a less literal translation being phoneticize, spell or transcription) in Chinese and usually refers to Hànyǔ Pīnyīn (汉语拼音, literal meaning: Han language pinyin), which is a system of romanization (phonetic notation and transliteration to roman script) for Standard Mandarin used in the... The phrase Big Four has multiple meanings: There are two places named Big Four in the United States. ... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ...
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See also: List of Chinese companies Logo of Agricultural Bank of China This is a copyrighted and/or trademarked logo. ... Logo of Agricultural Bank of China This is a copyrighted and/or trademarked logo. ... You may be looking for: List of companies in Hong Kong List of companies in Macau List of companies in mainland China ...
The Hong Kong operations of the Bank of China were regrouped into Bank of China (Hong Kong) in 2001 and later BOCHK got listed on the Hong Kong Stock Exchange in October 2002.
Headquarters of the BOCHK are located in the Bank of China Tower, which was designed by renowned architect I.M.Pei and was opened to the public in 1990 as the tallest building of Hong Kong at that time.
Swiss bank UBS AG confirmed Thursday September 1, 2005 that it is in talks to take a stake in the Bank of China, China's second-biggest state-run commercial bank.
In other words, bank managers were not focused on evaluating the net present value of the loans they issued, rather they were interested in satisfying the government leaders who would determine their career success or failure.
He wants the banks to become more professional in their lending practices, but first the banks have to do something about the loans that were made in the past, loans that were often more political in nature than commercially motivated.
Banks have been willing to fund state-owned enterprises that seemed, only a short while ago, to be on a "no money" list and are doing so despite continued ceilings on loan interest rates by the People's Bank of China.
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