Rural commercial bank (English name: Rural Commercial Bank) is a commercial bank serving local farmers, agriculture and rural economic development in China. Rural commercial banks are mainly established on the basis of rural credit cooperatives and county (city) rural credit cooperatives. They are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations under their jurisdiction in the form of joint-stock companies.
China Rural Credit Cooperatives (hereinafter referred to as Rural Credit Cooperatives) is a rural cooperative financial institution established with the approval of the People's Bank of China. It consists of members' shares, implements democratic management, and mainly provides financial services for members. China Rural Credit Cooperative is an independent enterprise legal person and is responsible for its debts 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 national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down on usury.