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Agricultural Bank of China Ltd (601288.SS)

601288.SS on Shanghai Stock Exchange

3.24CNY
24 Mar 2017
Change (% chg)

¥0.00 (+0.00%)
Prev Close
¥3.24
Open
¥3.24
Day's High
¥3.25
Day's Low
¥3.23
Volume
149,426,652
Avg. Vol
186,004,246
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¥3.31
52-wk Low
¥3.03

Latest Key Developments (Source: Significant Developments)

Agricultural Bank Of China updates on appointment of executive vice president
Friday, 3 Feb 2017 04:21am EST 

Agricultural Bank Of China Ltd <601288.SS> : Kang Yi was appointed as an executive vice president of bank .Kang Yi's term of office shall commence from 24 January 2017..  Full Article

Qatar Investment Authority cuts stake in AgBank - HKEx filing
Thursday, 2 Feb 2017 05:05am EST 

Agricultural Bank of China Ltd <1288.HK><601288.SS> : Qatar Investment Authority sold 3.84 million H-share Of Agbank <1288.HK><601288.ss> at an average price of HK$3.26 on Jan 27 - HKEx filing .Qatar Investment Authority owns 11.99 percent stake of the bank after transaction from 12.0 percent previously - HKEx filing.  Full Article

Agricultural Bank of China says Lin Xiaoxuan resigns as executive Vice President
Friday, 16 Dec 2016 04:32am EST 

Agricultural Bank of China Ltd <1288.HK>: announcement on resignation of the executive vice president of the bank .Lin xiaoxuan has tendered his resignation as an executive vice president of agricultural bank of china limited.  Full Article

AgBank plans asset mgt unit, appoints deputy head of bank
Tuesday, 22 Nov 2016 05:54am EST 

Agricultural Bank Of China Ltd <601288.SS><1288.HK> : Says it plans to set up asset management unit with registered capital at 10 billion yuan ($1.45 billion) to focus on debt-for-equity swap deals .Says board agrees to appoint Kang Yi as deputy head of the bank.  Full Article

Hisense Kelon Electrical updates on wealth management agreement with Agricultural Bank Of China
Monday, 17 Oct 2016 04:53am EDT 

Hisense Kelon Electrical Holdings Co Ltd <000921.SZ>: hisense refrigerator entered into october wealth management agreement with agricultural bank of china . agreement to subscribe for 112-day wealth management product in subscription amount of rmb500 million . Subscription of 112-day wealth management product is made from idle self-owned funds of group .Agricultural bank of china as issuer and hisense refrigerator as subscriber.  Full Article

AgBank President says plans to issue secondary capital of up to 80 bln yuan in next 3 yrs
Friday, 26 Aug 2016 06:00am EDT 

Agricultural Bank of China Ltd <601288.SS><1288.HK> President Zhao Huan says at a press conference in Beijing: lender plans to issue secondary capital of not more than 80 billion yuan ($12.00 billion) in next three years . bank will increase non-performing loan disposal in the second half of this year ($1 = 6.6685 Chinese yuan) (Reporting by Shu Zhang in Beijing and Engen Tham in Shanghai) ((engen.tham@thomsonreuters.com;)).  Full Article

AgBank Chairman says cost of funds rising, asset quality decreasing
Friday, 26 Aug 2016 05:30am EDT 

Agricultural Bank of China Ltd <601288.SS><1288.HK> Chairman Zhou Mubing says at a press conference in Beijing: cost of funds is rising, and asset quality decreasing in the current economic situation . good companies aren't taking out loans, but issuing bonds or equity instead . expects financial regulations to tighten (Reporting By Shu Zhang and Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

AgBank official says interest income hurt by rate cuts, tax reform
Friday, 26 Aug 2016 05:06am EDT 

Jiang Ruibin, head of financial accounting at Agricultural Bank of China Ltd <601288.SS> says at a press conference in Beijing: Interest rate cuts, taxation reforms hurt interest income . Significantly increased write-off of non-performing loans in H1, compared with a year earlier Further company coverage: [601288.SS] (Reporting By Shu Zhang and Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

Agricultural Bank of China says HY net profit attributable to equity holders RMB 105.15 bln<1288.HK><601288.SS>
Friday, 26 Aug 2016 04:32am EDT 

Agricultural Bank of China Ltd <601288.SS>: Interim results announcement for the six months ended 30 June 2016 <1288.HK> . HY net profit attributable to equity holders RMB 105.148 billion versus RMB 104.32 billion a year ago . In HY net interest margin and net interest spread was 2.31% and 2.16%, respectively, representing decreases of 47 basis points and 45 basis points . Directors do not recommend any interim dividend for the six months ended 30 June 2016 . Agricultural bank of china ltd <1288.hk> - HY net interest income RMB 198.96 billion versus RMB 219.49 billion a year ago . Looking forward to the second half of the year, it is expected that global economies will continue to experience unbalanced recovery . Chinese economy is expected to experience structural adjustment and promotion of structural reform . "Fixed asset investment is expected to maintain high growth" . It is expected that the pboc will continue its prudent monetary policies . Says "with the benefits of reform continuing to be revealed, China's economy is expected to stabilize" . As at HY end CET1 capital adequacy ratio 10.06 percent . As at June 30, 2016 npl ratio 2.40 percent versus 2.39 percent as at December 31 2015 .  Full Article

Agricultural Bank of China confirms appointment of Liu Chengxu and Xia Zongyu as supervisors<1288.HK><601288.SS>
Thursday, 7 Jul 2016 05:53am EDT 

Agricultural Bank of China Ltd <601288.SS>: Change in supervisors <1288.HK> . Liu Chengxu and Xia Zongyu were elected as supervisors representing employees of the bank . Confirmed that Liu Chengxu and Xia Zongyu were appointed as supervisors representing employees of bank .  Full Article

More From Around the Web

China's AgBank says will build anti-money laundering centre

SHANGHAI, March 24 Agricultural Bank of China (AgBank), the country's third-biggest lender, said it will spend three years building an anti-money laundering (AML) centre to improve and centralize AML control, according to a statement circulated late on Thursday.