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What is Agricultural Development Bank of China mean?
The Agricultural Development Bank of China is a Chinese policy bank under the State Council of the People's Republic of China. As such, it is responsible for funding projects related to China's economic growth. If the ADBC requires funding for its own operations, its bonds are considered as safe as the Central Bank's bonds, however PBOC or PRC government do not guarantee any kind of borrowings including bonds.
referencePosted on 13 Oct 2024, this text provides information on Miscellaneous in Community related to Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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