The Agricultural Bank of China (ABC), the country's largest rural lender, and Sinofert Holdings Ltd signed a strategic cooperation agreement on Friday to boost collaboration in agro-related businesses.
Agricultural Bank of China (ABC) is likely to launch its initial public offering (IPO) in June or July after its plan got the approval from the State Council.
Agricultural Bank of China (ABC) has seen a 26.3 percent surge in its net profit for 2009 as the country's third-largest lender reaped gains from the country's rapid credit expansion and reform of its rural operations, said its chairman Xiang Junbo.
ABC, the only Big Four bank on the mainland that has yet to get listed, could float its shares on the Shanghai bourse as early as May or June of 2010, said sources.