Agricultural Bank of China New York Representative Office (Herein after referred to as ABC New York Rep-Office) was established on 14th May 1997, with the approval from the Board of the Federal Reserve. The rep-office is authorized to carry on the activities permissible for a foreign representative office under the Banking Law of the State of New York. Specifically, the New York Rep-Office acts as liaison for corporate and institutional customers of ABC, provides ABC Head Office with risk monitoring and analysis, carries out market reviews, and strengthens partnership between ABC and its foreign peers.
ABC is going to upgrade its New York Rep-Office into a branch based on its development strategy. The future branch will conduct wholesale commercial banking business, including but not limited to loans and deposits, trade finance, US dollar clearing, trade settlement, etc. It will operate under the U.S. and the Chinese banking regulations and laws, as well as ABC's consolidated policies on financial management, risk control and compliance, to ensure its legal and sound performance.
Address: 45 Rockefeller Plaza, Suite 3102, New York, NY 10111 U.S.A.