RuralCreditCooperatives generally refer to rural credit cooperatives
rural credit cooperatives (rural credit cooperatives in English, rural credit cooperatives for short in Chinese) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members who share shares, implement democratic management and mainly provide financial services for members.
rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with national laws and financial policies, organize and regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy of members, and limit and crack down on usury.
rural credit cooperatives are divided into the following departments: rural credit cooperatives, international financial departments of rural credit cooperatives, Zhengtong Rural Credit Cooperative Training School, and credit departments of rural credit cooperatives, which are under the dual leadership of CBRC and the State Council.