4) Agricultural Bank of China – Company Assets: $2,405.4 billion
According to the company website, ‘The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951. Since the late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank.’ Whatever the Confucius that means in politburo-speak, AGB must be doing something right, because they have become one of the world’s largest financial companies including investments, fund management, life insurance and leasing. They sit fourth on the list with assets of over $2.4 trillion.
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