rural commercial bank is a commercial bank.

Rural commercial bank is a joint-stock local financial institution 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 China Banking Regulatory Commission said that no new rural cooperative banks will be established, and all rural cooperative banks will be transformed into rural commercial banks.

cancel the qualification shares completely and encourage qualified rural credit cooperatives to be restructured into rural commercial banks;

on the premise of maintaining the overall stability of the county (city) legal person status, we should steadily push forward the reform of the provincial association, and gradually build a new relationship between the provincial association and the grass-roots legal person society with property rights as the link, equity as the link and regulation as the constraint, so as to truly form the same interests of the provincial association and the grass-roots legal person society.