Agricultural Bank of China (also known as ABC or AgBank) was founded on July 10, 1951, and has its headquarters at No. 69, Jianguomen Nei Avenue, Dongcheng District, Beijing. ABC is a large state-owned bank managed by the central government and is a vice-ministerial-level unit of the state. As an integral part of the financial system of in China, it provides a wide range of products and services of corporate and retailing banking. At the same time, it operates in financial markets and assets management businesses, including investment banking, fund management, financial leasing, life insurance and other areas.