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Agricultural Bank of China Ltd Class H - Stock Quote 01288

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Morningstar's Agricultural Bank of China Ltd Class H Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


ABC Saw Stronger-Than-Peer Loan Growth on Rising Policy Tailwinds in Rural Banking

Iris Tan, CFA Senior Equity Analyst

Business Strategy and Outlook

| Iris Tan, CFA |

The country's third-largest bank by assets, Agricultural Bank of China boasts a dominant position in county areas and sector-leading network scale that reward it with enviably low funding costs and a narrow economic moat.

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Agricultural Bank of China Ltd Class H's Company Profile

Business Description

ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 40% and 35%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 37%, 44%, and 12% of total revenue in 2021, respectively. Rural banking and urban banking contributed 41% and 59% of total revenue in 2021.

50 Connaught Road Central, 25th Floor, Agricultural Bank of China Tower
Hong Kong, Hong Kong
T +852 28618000
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 455,174