Collective ownership is the abbreviation of "collective ownership of socialist working people", and it is a form of public ownership in which the means of production and the fruits of labor are collectively owned by some working people in socialist society. An important part of China's public ownership economy. In rural areas, it is manifested as various forms of regional agricultural cooperative economic organizations and other cooperative economies such as production, supply and marketing, credit, consumption, industrial and auxiliary enterprises; In cities and towns, it shows the collective economy such as handicraft industry, industry, construction industry, transportation industry, commerce, service industry and repair industry.
Joint-stock cooperative system is a new organizational form of enterprises based on cooperative system, absorbing some practices of joint-stock system, and combining labor union and capital union of workers. Capital is mainly composed of shares, and employee shareholders work together, realizing distribution according to capital and according to work, enjoying rights and interests, taking risks, taking responsibility for profits and losses and accounting independently. All employee shareholders shall be responsible for the enterprise to the extent of their shares, and the enterprise shall be responsible for all its assets.
Rural credit cooperatives (RCCs) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members. Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws.
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 regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy of members, and limit and crack down on usury.
normally speaking, rural credit cooperatives should be joint-stock cooperative systems.