Rural commercial banks are neither private enterprises nor state-owned enterprises, but are joint-stock commercial banks. Rural Commercial Bank, referred to as Rural Commercial Bank or Rural Commercial Bank, is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, corporate legal persons and other economic organizations within its jurisdiction. All rural cooperative banks must be restructured into rural commercial banks.
Background of the establishment of the bank
Jiang Liming, director of the Cooperative Financial Institutions Supervision Department 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. Qualified stocks will be completely cancelled, and qualified rural credit cooperatives will be encouraged to restructure and form rural commercial banks.
On the premise of maintaining the overall stability of the legal person status of the county (city), we must steadily promote the reform of the provincial federations and gradually build a provincial federation and grassroots association with property rights as the link, equity as the connection, and regulations as the constraints. The new relationship between legal persons and societies has truly formed a community of interests between provincial federations and grassroots legal persons.
Through reforms, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing insider control problem has been effectively solved, and the institution itself has formed an endogenous driving force to further promote the reform of deep-level systems and mechanisms.
What are the rural commercial banks?
Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, Chongqing Rural Commercial Bank, Tianjin Rural Commercial Bank, Tianjin Binhai Rural Commercial Bank, Guangzhou Rural Commercial Bank, Shenzhen Rural Commercial Bank, Maoming Rural Commercial Bank, Xinyi Rural Commercial Bank, Huazhou Rural Commercial Bank, Gaozhou Rural Commercial Bank, Zhanjiang Rural Commercial Bank, Lianjiang Rural Commercial Bank, Suixi Rural Commercial Bank, Wuchuan Rural Commercial Bank, Leizhou Rural Commercial Bank, Xuwen Rural Commercial Bank, Yunfu Rural Commercial Bank, Xinxing Rural Commercial Bank, Luoding Rural Commercial Bank, Yunan Rural Commercial Bank, Yangjiang Rural Commercial Bank, Yangxi Rural Commercial Bank, Yangchun Rural Commercial Bank, Zhaoqing Rural Commercial Bank , Sihui Rural Commercial Bank, Huaiji Rural Commercial Bank, Guangning Rural Commercial Bank, Fengkai Rural Commercial Bank, Deqing Rural Commercial Bank, Jiangmen Rural Commercial Bank, Taishan Rural Commercial Bank, Kaiping Rural Commercial Bank, Heshan Rural Commercial Bank , Foshan Rural Commercial Bank, Shunde Rural Commercial Bank, Nanhai Rural Commercial Bank, Zhuhai Rural Commercial Bank, Zhongshan Rural Commercial Bank, etc.
Rural commercial banking business:
1. Personal business
1. Savings deposits: Rural commercial banks provide current deposits and time deposits (including lump sum deposits and withdrawals) , small deposits, lump sum withdrawals, principal deposits and interest withdrawals, etc.), call deposits and other savings methods.
2. Loan business: including personal housing loans, consumer loans (such as car loans, travel loans, etc.), business loans, etc.
3. Bank card business: issue credit cards, debit cards, etc., and provide convenient payment and settlement services.
4. Financial management business: Launch a variety of personal financial products to help customers achieve asset appreciation.
5. Agency business: selling insurance, funds and other products as an agent.
2. Company business
1. Loan business: providing working capital loans, fixed asset loans, etc. to enterprises.
2. Deposit business: accept corporate deposits, institutional deposits, etc.
3. Payment and settlement: Provide enterprises with payment and settlement services such as checks, bills of exchange, and promissory notes.
4. Investment banking business: assisting companies in capital operations such as bond issuance, mergers and acquisitions and reorganizations.
3. Investment banking business
The investment banking business of rural commercial banks mainly includes asset securitization, mergers and acquisitions, bond issuance, equity investment and providing financial advisory services to enterprises. These businesses are designed to help companies optimize asset allocation, obtain low-cost financing and provide professional financial consulting.
IV. International Business
Rural commercial banks also provide international business services, such as foreign exchange deposits, foreign exchange loans, foreign exchange remittances, and settlement and payment services for international trade.