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One of China's four largest state-owned banks, historically focused on rural/agricultural lending but now full-service nationwide.
One of China's four largest state-owned banks, historically focused on rural/agricultural lending but now full-service nationwide.
Earns mostly from the spread between interest paid on deposits and charged on loans, with county and rural lending alongside city banking and smaller fees from wealth products and cards. Central Huijin and the Ministry of Finance, both state bodies, are the main shareholders. These Hong Kong shares and the Shanghai ones are the same bank.
In one line: China's Bank of America, rural-legacy roots.
Moat: wide (scale, regulatory licence, distribution). State-backed nationwide branch density, especially deep in China's rural/county-level markets.
Headquarters: Beijing, China · Founded: 1951 · Employees: 457,835
Size Agricultural Bank of China (1288.HK) is a Hong Kong Financials company (Major Banks) with a market value of $384B, the 3rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.87 on 6 Nov 2026.
Performance Over six months the shares gained 15.3%, against +14.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +4.7%); the operating margin is 44.8% (peer median 43.7%).
Valuation It trades at 0.71× book value against a peer median of 1.41× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 5.3%; Agricultural Bank of China delivers 10.6%, so the price asks less than the business earns today.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.60T | HK$1.48T | HK$1.53T | HK$1.49T | HK$1.43T |
| Revenue growth | — | -4% | +2% | +5% | — |
| Net income | HK$349B | HK$316B | HK$306B | HK$298B | HK$301B |
| Free cash flow | HK$1.54T | HK$1.47T | HK$508B | HK$367B | HK$437B |
| Capital expenditure | HK$31.3B | HK$29.7B | HK$26.3B | HK$31.9B | HK$25.7B |
| Total debt | HK$16.8T | HK$14.0T | HK$10.2T | HK$8.72T | HK$6.67T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Agricultural Bank of China 1288.HK | $384B | +15% | +7% | 11% | 0.71× | 5.3% |
| ICBC 1398.HK | $433B | +14% | -5% | 9% | 0.60× | 4.9% |
| CCB 0939.HK | $361B | +22% | +6% | 10% | 0.64× | 5.1% |
| Bank Of China 3988.HK | $309B | +22% | +5% | 9% | 0.60× | 4.7% |
| Bank of America BAC | $341B | -3% | -1% | 11% | 1.26× | 12.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1288.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | +2.3% | 8th highest of 21 |
| 6-month return | +15.3% | +14.1% | 9th highest of 21 |
| Return on equity | 10.6% | 12.8% | 7th lowest of 21 |
| Price / book | 0.71× | 1.41× | 4th cheapest of 21 |
| Trailing P/E | 6.9× | 11.5× | 3rd cheapest of 21 |
| ROE the price implies | 5.3% | 12.1% | 6th least demanding of 21 |
| ROE delivered | 10.6% | 13.0% | 5th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Agricultural Bank of China 1288.HK | Hong Kong | $384B | +15% | +7% | 11% | 0.71× | 5.3% | 10.6% |
| CCB 0939.HK | Hong Kong | $361B | +22% | +6% | 10% | 0.64× | 5.1% | 9.9% |
| China Construction Bank 601939.SS | China | $358B | +20% | -5% | 10% | 0.87× | 3.0% | 9.8% |
| Industrial and Commercial Bank of China 601398.SS | China | $428B | +13% | -4% | 10% | 0.75× | 2.7% | n/a |
| ICBC 1398.HK | Hong Kong | $433B | +14% | -5% | 9% | 0.60× | 4.9% | n/a |
| Bank of America BAC | United States | $341B | -3% | -1% | 11% | 1.26× | 12.9% | 10.7% |
| Bank Of China 3988.HK | Hong Kong | $309B | +22% | +5% | 9% | 0.60× | 4.7% | 8.9% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| JPMorgan Chase JPM | United States | $889B | +11% | +9% | 18% | 2.53× | 20.7% | 17.9% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |