No, they are independent banks. Ruralcommercialbank is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations. It belongs to state-owned enterprises. Zheshang Bank, the 12th joint-stock commercial bank approved by China Banking Regulatory Commission, is called "Zheshang Bank Co., Ltd." in English and "CZB" in English. The registered capital is 1 billion yuan, and the head office is located in Hangzhou. On August 18th, 24, Zheshang Bank officially opened. Zheshang Bank, formerly known as "Zhejiang Commercial Bank", is a Sino-foreign joint venture bank established in Ningbo in 1993. On June 3, 24, it was reorganized, renamed and relocated with the approval of China Banking Regulatory Commission. There are 22 existing shareholders, with a registered capital of 1 billion yuan and a regulatory capital of 27 billion yuan, of which 21 are private enterprises, with private capital accounting for 85.71%; There are three largest shareholders.