She has worked with both the Agricultural Bank of China and the Bank of China (BACHY).

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Agricultural Bank of China and the Bank of China have also raised money recently.

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Even Agricultural Bank of China, traditionally the weakest of the quartet, had a 1.34% ratio.

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And of course there have been share issues sopping up any remaining liquidity, notably the Agricultural Bank of China IPO.

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Although he took the entire sector to task, Chanos highlighted Agricultural Bank of China in particular, because of the amount of debt it carries.

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The Fed also granted approval to Agricultural Bank of China Ltd. to build a branch in New York City, and to Bank of China Ltd. to build a branch in Chicago.

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Attempts to reach Agricultural Bank of China were unsuccessful.

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Bank of China, the country's largest foreign-exchange bank, said that its net profit climbed 12% on-year in 2012, higher than analyst expectations. 2012 net profit at Agricultural Bank of China, China's largest rural lender by assets, came out a touch lower than expectations.

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In addition, stock prices of the big Chinese banks are relatively cheap: Bank of China trades at 1.4 times forward book value, and Agricultural Bank of China trades at 1.6 book value for fiscal year 2011, even though Bank of China is considered a better-run bank.

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