Agricultural Bank of China Limited (1288.HK)

Agricultural Bank of China Limited (1288.HK)


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Agricultural Bank Of China Ltd Profile

Agricultural Bank Of China Ltd (1288.xhkg) is a Chinese banking and financial services provider headquartered in Beijing, China. It is one of the "big four" banks and has 323 million retail and corporate clients, and nearly 24,000 branches. Agricultural Bank Of China is considered a systemically important bank by the Financial Stability Board (FSB). Agricultural Bank Of China Ltd (1288.xhkg) employs approximately 467,631 people and has a $994.37B (USD) market cap being the third-largest bank by total assets globally. AGBANKCHINA is traded on the Shanghai Stock Exchange (SSE) and the Hong Kong Stock Exchange (SEHK). In June 2021, China called its top banks to a meeting to reinforce the cryptocurrency ban. The Chinese banks have pledged to step up inspections into crypto activity and close related accounts. They won’t offer account opening or any other service related to crypto trading.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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