The differences between rural credit cooperatives and China Agricultural Bank mainly lie in three aspects: organizational structure, business model and asset scale:
1. Different organizational structure
Rural credit cooperatives were originally under the jurisdiction of Agricultural Bank. In the 1996 Decision on Rural Financial System Reform, it was made clear that rural credit cooperatives and China Agricultural Bank were separated from administrative subordination, and the business management and financial supervision of rural credit cooperatives were carried out by county associations and China people.
agricultural cooperatives, even if they belong to banking financial institutions, are also local community-based financial institutions with joint-stock cooperative system formed by absorbing the operation mechanism of joint-stock system on the basis of cooperative system. They are cooperative financial organizations composed of farmers, which implement democratic management of their shareholders and mainly serve their shareholders. They are legal financial institutions established with the approval of the People's Bank of China.
Agricultural Bank of China is a joint-stock enterprise formed according to the list of companies, and it is one of the four wholly state-owned commercial banks in China.
2. Different business models
In terms of specific business, the function of rural credit cooperatives is relatively simple. The main sources of funds are the shares paid by members, the deposits absorbed and the provident fund retained, and the borrowing is mainly to solve the financial needs of members;
The Agricultural Bank of China is a comprehensive financial institution with creative function, which can provide various services for farmers. In terms of responsibilities, compared with the diversified business of Agricultural Bank of China, rural credit cooperatives bear more burdens of agricultural production and rural development.
3. Different asset scales
Although rural credit cooperatives are different from the Agricultural Bank of China, they have many more outlets in terms of asset scale, which plays an important role in organizing and regulating rural funds and supporting agricultural production and comprehensive rural development.
Rural Credit Cooperatives and Agricultural Bank of China are both important parts of China's financial system, and they are both providing related financial services for China's agricultural production, but there are still great differences in operating mode, structural system and asset scale.
Baidu Encyclopedia-Rural Credit Cooperatives
Baidu Encyclopedia-Agricultural Bank of China