Agricultural Bank of China : 2020 Interim Report2020-09-28

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

JOINT DEDICATION

TO BUILD

A BEAUTIFUL CHINA

2020Interim Report

Contents

Definitions		2
Basic Corporate Information and Major Financial Indicators	4
Discussion and Analysis	10
	Environment and Prospects	10
	Pandemic Prevention and Control	12
Progress of Digital Transformation	13
	Financial Statement Analysis	14
	Business Review	32
	County Area Banking Business	58
	Risk Management and Internal Control	64
	Capital Management	80
Changes in Share Capital and Shareholdings of Substantial Shareholders	81
Details of Preference Shares	87
Directors, Supervisors and Senior Management	90
Significant Events	91
Appendix I	Capital Adequacy Ratio Information	96
Appendix II	Liquidity Coverage Ratio Information	117
Appendix III	Net Stable Funding Ratio Information	119
Appendix IV	Leverage Ratio Information	124
Appendix V	Interim Financial Information (Unaudited)	125
Appendix VI	Unreviewed Supplementary Financial Information	258

Interim Report 2020 1

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.	Global Systemically Important	Banks recognized as key players in the financial market with global features
		Banks	as announced by the Financial Stability Board
10.	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

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