The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951. Since the late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank. The Bank was... More
Sunday, Oct 302011, 3:45 AMChina yesterday appointed the chairmen of China Construction Bank (CICHY.PK) and the Agricultural Bank of China (ACGBF.PK) to run the securities agency and insurance commission respectively. The outgoing securities chief, who was at AgBank previously, is off to run the banking regulator. Anybody say "revolving door?" |Sunday, Oct 302011, 3:45 AM| Comment!
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