What are the rural financial institutions?

Including banks and non-bank institutions. Banking institutions include China Agricultural Bank, China Agricultural Development Bank, rural commercial banks and rural cooperative banks. Non-bank institutions include rural credit cooperatives and agricultural insurance companies.

Financial institutions:

1 Financial institutions refer to financial intermediaries engaged in financial services and are part of the financial system.

Corresponding to the financial services industry, financial intermediaries also include banks, securities companies, insurance companies, trust and investment companies and fund management companies.

At the same time, it also refers to lending institutions, which provide loans to customers for capital turnover. The interest rate is relatively higher than that of banks, but it is more convenient for customers to borrow because they do not need complicated documents to prove it.