What kind of bank is rural commercial bank?

Rural commercial banks, referred to as rural commercial banks for short, are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, corporate legal persons and other economic organizations within their jurisdiction.

All rural cooperative banks should be transformed into rural commercial banks.

Jiang Liming, director of the supervision department of cooperative financial institutions of China Banking Regulatory Commission, said that no new rural cooperative banks will be established, and all rural cooperative banks will be transformed into rural commercial banks.

Cancel the qualification shares in an all-round way and encourage qualified rural credit cooperatives to be restructured into rural commercial banks. On the premise of maintaining the overall stability of the legal person status of counties (cities), we should steadily push forward the reform of provincial associations, and gradually build a new relationship between provincial associations and grassroots legal entities with property rights as the link, equity as the link and regulation as the constraint, so as to truly form a community of interests between provincial associations and grassroots legal entities.

The proportion of qualified shares in rural credit cooperatives in China has dropped below 30%. About 303 rural commercial banks and 2 10 rural cooperative banks have been established in China, and the total assets of rural banks account for 4 1.4% of the rural cooperative financial institutions in China. In addition, 1424 rural credit cooperatives have met or basically met the conditions for establishing rural commercial banks.

Through the reform, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing problem of insider control has been effectively solved, and the institutions themselves have formed an endogenous driving force to further promote the reform of deep-seated institutional mechanisms.

Extended data

Rural commercial banks (formerly rural credit cooperatives) are an important part of China's financial system and the main cooperative financial organization form at present. China Rural Commercial Bank is an independent enterprise legal person and is responsible for the debts of rural credit cooperatives with all its assets.

Enjoy civil rights and bear civil responsibilities according to law. Efforts to promote the transformation of rural credit cooperatives into modern enterprises and give full play to the role of rural credit cooperatives as the main force in supporting agriculture are important arrangements made by the China Financial Work Conference, and are also the top priority for deepening the reform of local financial institutions.

Baidu encyclopedia-rural commercial bank