Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations.

The director of the supervision department of cooperative financial institutions of the China Banking Regulatory Commission said that no new rural cooperative banks will be established, and all rural cooperative banks will be restructured 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.

Anhui Tongcheng Rural Commercial Bank Co., Ltd. was restructured and established on the basis of the original Anhui Tongcheng Rural Cooperative Bank. It was established by 23 enterprise legal persons and 802 natural persons with a registered capital of 5016800 yuan.