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ABC New York Branch's Outstanding Yankee CD Exceeded 2 Billion USD

The total Yankee CD (“YCD”) notional outstanding issued by ABC New York Branch has exceeded $2 billion, which marks a new level of comprehensive financial service that the Branch is capable of providing to its customers. The breakthrough in YCD issuance demonstrates Agricultural Bank of China’s heightened brand recognition and product affirmation in the US market. 

In the meantime, the total YCD outstanding amount continues to grow rapidly, which is further strengthening the Branch’s fund raising capability.  YCD issuance is providing strong financial security for the Branch’s business development. The New York Branch will continue to promote the expansion of the YCD program and explore other financing channels. The Branch will also continue to focus on customer needs and provide better financial services.