What's the difference between China Agricultural Bank and China Agricultural Development Bank?

China Agricultural Bank and China Agricultural Development Bank mainly have the following three differences:

First, the nature is different.

China Agricultural Development Bank is the only agricultural policy bank in China under the leadership of the State Council, while China Agricultural Bank is an enterprise.

Second, the profits are different.

China Agricultural Development Bank is not profitable, while China Agricultural Bank is profitable.

Third, different responsibilities.

The main duties of China Agricultural Development Bank are to raise funds based on national credit, undertake agricultural policy-oriented financial business, allocate financial funds for supporting agriculture and serve the development of agriculture and rural economy.

Agricultural Bank of China is mainly responsible for providing various products and services of corporate banks and retail banks, as well as financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.

Extended data:

The main business of China Agricultural Development Bank

1. Handle loans for purchasing, storing and selling grain, cotton and oil.

Two, for meat, sugar, tobacco, wool, fertilizer and other special reserve loans.

Loans for grain, cotton and oil processing enterprises and leading enterprises in agriculture, forestry, animal husbandry and fishery industrialization.

Four, for grain, cotton, oil loans.

Five, for grain storage facilities and cotton enterprises technical equipment renovation loans.

References:

Baidu Encyclopedia-China Agricultural Development Bank

References:

Baidu Encyclopedia-Agricultural Bank of China