On this day, 70 years ago, on March 25, 1955 (March 2, 1955 in the lunar calendar), the Agricultural Bank of China was established in Beijing. On March 25, 1955, Agricultural Bank of China was established in Beijing. (Reestablished in February 1979, with headquarters in Beijing.) Agricultural Bank of China is one of the four largest wholly state-owned commercial banks and an important part of China's financial system. As of the end of 2007, it had 24452 branches in mainland China, branches in Singapore and Hong Kong, and representative offices in London, Tokyo and New York, with 447519 employees. In 2007, Agricultural Bank of China ranked 65th among the world's top 1000 largest banks by the British Banker; and the United States ranked 277th among the Fortune Global 500.