China Rural Credit Cooperatives (hereinafter referred to as "Rural Credit Cooperatives") are rural cooperative financial institutions which are composed of members' shares, implement democratic management and mainly provide financial services for their members.
China Rural Credit Cooperatives is an independent enterprise legal person, which is responsible for the debts of rural credit cooperatives with all its assets. 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 the provisions of laws and financial policies, organize and regulate rural funds, support agricultural production and comprehensive rural development, and support various forms of cooperative economy and family economy of members.
rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. Their common characteristics are that they take deposits as their main liabilities, issue loans as their main assets, handle transfer settlement as their main intermediary business, and directly participate in the process of creating deposit currency.
rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions with mutual assistance as the main purpose, which are called "credit cooperatives" for the purpose of mutual assistance and self-help, and carry out deposit and loan business among members. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy.
due to the seasonal, scattered, small and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the problem of insufficient capital, so this kind of mutual aid and self-help credit organization established by paying shares and deposits has emerged.
rural credit cooperatives are legal financial institutions, which are composed of farmers' shares, implement democratic management of the shareholders, and mainly serve the shareholders. Rural credit cooperatives are an important part of the financial system, whose main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.