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Commercialization of the Agricultural Bank of China
ОглавлениеBefore 1994, the ABC was a pure policy bank; its primary tasks were to support agricultural production, manage RCCs, and develop the rural economy. In 1994, the ABC separated its commercial operations from its policy functions and began commercializing. In September 1996, the ABC divested itself of the RCCs and changed its development focus from the rural financial market to urban commercial financing at the county level and above.