Agricultural Bank of China : 2019 Interim Report 2019-09-27

(A joint stock company incorporated in the People's Republic of China with limited liability) Stock Code: 1288

JOINT

DEDICATION

TO BUILD

1. BEAUTIFUL CHINA

2019 INTERIMREPORT

Contents

Definitions		2
Basic Corporate Information and Major Financial Indicators	4
Discussion and Analysis	10
	Environment and Prospects	10
	Financial Statement Analysis	12
	Business Review	31
	County Area Banking Business	55
	Risk Management and Internal Control	62
	Capital Management	79
Changes in Share Capital and Shareholdings of Substantial Shareholders	80
Details of Preference Shares	85
Directors, Supervisors and Senior Management	88
Significant Events	89
Appendix I	Capital Adequacy Ratio Information	95
Appendix II	Liquidity Coverage Ratio Information	113
Appendix III	Leverage Ratio Information	115
Appendix IV	Net Stable Funding Ratio Information	116
Appendix V	Interim Financial Information (Unaudited)	123
Appendix VI	Unreviewed Supplementary Financial Information	250

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Definitions

In this report, unless the context otherwise requires, the following terms shall have the meanings set out below:

1.	A Share(s)	Ordinary shares listed domestically which are subscribed and traded in
			Renminbi
2.	ABC/Agricultural Bank of	Agricultural Bank of China Limited, or Agricultural Bank of China Limited and
		China/the Bank/	its subsidiaries
		the Group/We
3.	CASs/PRC GAAP	The Accounting Standards for Enterprises promulgated on 15 February 2006
			by the Ministry of Finance of the People's Republic of China and other related
			rules and regulations subsequently issued
4.	CBIRC	China Banking and Insurance Regulatory Commission, or its predecessors,
			the former China Banking Regulatory Commission and/or the former China
			Insurance Regulatory Commission, where the context requires
5.	County Area(s)	The county-level regions (excluding the district-level areas in the cities) in the
			People's Republic of China and the areas under their administration, including
			counties and county-level cities
6.	County Area Banking Business	We provide customers in the County Areas with a broad range of financial
			services through our branch outlets located in counties and county-level cities
			in the People's Republic of China. We refer to such banking business as the
			"County Area Banking Business" or "Sannong Banking Business"
7.	County Area Banking Division	An internal division with management mechanism adopted by us for
			specialized operation of financial services provided to Sannong and the
			County Areas, as required under our restructuring into a joint stock limited
			liability company, which focuses on the County Area Banking Business with
			independence in aspects such as governance mechanism, operational decision
			making, financial accounting as well as incentive and constraint mechanism
			to a certain extent
8.	CSRC	China Securities Regulatory Commission
9.	H Share(s)	Shares listed on The Stock Exchange of Hong Kong Limited and subscribed
			and traded in Hong Kong Dollars, the nominal value of which are
			denominated in Renminbi
10.	Hong Kong Listing Rules	The Rules Governing the Listing of Securities on The Stock Exchange of Hong
			Kong Limited

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Definitions

11.	Hong Kong Stock Exchange	The Stock Exchange of Hong Kong Limited
12.	Huijin	Central Huijin Investment Ltd.
13.	MOF	Ministry of Finance of the People's Republic of China
14.	PBOC	The People's Bank of China
15.	Sannong	Agriculture, rural areas and farmers
16.	SSF	National Council for Social Security Fund of the People's Republic of China

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