| Agricultural Bank of China - Hong Kong Branch
Agricultural Bank of China - Hong Kong Branch
Agricultural Bank of China’s Hong Kong Branch was established in November 1995 as the first overseas branch for the parent Bank, which is one of China’s “big four” banks. At the end of year 2017, the total assets of Agricultural Bank of China Hong Kong Branch remained at the top 10 among the mainstream banks in Hong Kong, achieving a net profit of HK$3.24bn and continued to maintain a high asset quality and per capital profitability. The legal team of Agricultural Bank of China Hong Kong Branch handles a wide range of legal matters for the business, contributing team has also contributed significantly to the branch’s various transactions within the past year. For example, with strong support from the head office, the Hong Kong Branch acted as a joint global coordinator and successfully underwrote China Cinda Asset Management’s US$1bn bond issuance in Hong Kong in February 2019.