FinTech Magazine March 2024 | Page 31

Agricultural Bank of China
China Construction Bank China Construction Bank remains one of the nation ’ s ‘ big four ’.
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Agricultural Bank of China

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China Construction Bank China Construction Bank remains one of the nation ’ s ‘ big four ’.

Its history dates back to 1954 when the People ’ s Construction Bank of China was founded as a wholly state-owned bank under the direction of the Ministry of Finance to administer and disburse government funds for construction and infrastructure-related projects .
A quarter of a century later , the bank became a financial institution under the direction of the State Council and gradually assumed more commercial banking functions .
The second-highest Chinese entry on the list , the Agricultural Bank of China sits fifth in the Forbes Global 2000 and holds assets exceeding US $ 5tn .
Headquartered in Beijing , the bank is divided into four main business segments : corporate finance , personal finance , treasury and asset management .
In October 2021 , the Agricultural Bank of China signed the UN Principles for Responsible Banking , affirming its commitment to developing green finance and supporting sustainable development .
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