Government industrial funds can usually be used as investors in rural commercial banks. But it depends on the local government's regulations on industrial fund management and the ownership structure of rural commercial banks.

In China, government industrial funds are usually managed by the National Development and Reform Commission or local governments, and their investment focuses include optimizing economic structure, promoting industrial upgrading and supporting enterprise development. Rural commercial banks are an important part of domestic financial industry, and government industrial funds can consider investing in rural commercial banks to achieve the goal of asset allocation and capital operation.

The details of the specific shareholding need to comply with relevant laws and policies, such as the State Council's Opinions on Encouraging, Supporting and Guiding the Healthy Development of Private Investment, Company Law, Securities Law and other laws and regulations.