1, no, local financial institutions. Rural credit cooperatives are banking financial institutions. The so-called banking financial institutions are also called deposit institutions and deposit currency banks. They are characterized by taking deposits as their main liabilities, granting loans as their main assets, and handling transfer and settlement as their main intermediary business, and directly participating in the creation process of deposit currency.

2. Gansu Rural Credit Cooperatives Association (hereinafter referred to as Gansu Rural Credit Cooperatives) is a local financial institution with independent legal personality, which is established by Gansu Provincial People's Government and composed of 87 county-level rural credit cooperatives in accordance with the requirements of the State Council's "Pilot Program for Deepening the Reform of Rural Credit Cooperatives". Gansu Provincial Union was established on September 6, 2005 and officially opened on October 22, 2005. Approved by China Banking Regulatory Commission and authorized by Gansu Provincial People's Government, it undertakes the management, guidance, coordination and service functions of rural credit cooperatives and rural cooperative banks in Gansu Province.

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1. Since 1952 Shidong Credit Cooperative in Gaolan County, Lanzhou City, the first rural credit cooperative in Gansu Province was born, Gansu Rural Credit Cooperative has gone through more than 50 years of development. Rural credit cooperatives have gone through five stages: democratic management of members, management of people's commune, management of China Agricultural Bank, management of China People's Bank and management of China Banking Regulatory Commission. In June 2003, the State Council issued the Pilot Program for Deepening the Reform of Rural Credit Cooperatives, and decided to speed up the reform of the management system and property rights system of rural credit cooperatives, and hand over the management right of rural credit cooperatives to provincial local governments, so that rural credit cooperatives can better support the adjustment of rural economic structure, help farmers increase their income and promote the coordinated development of urban and rural economies.

2. Gansu Rural Credit Cooperatives Association (hereinafter referred to as Gansu Rural Credit Cooperatives Association) is a local financial institution with independent legal personality established by Gansu Provincial People's Government according to the requirements of the State Council's "Pilot Program for Deepening the Reform of Rural Credit Cooperatives". Gansu Provincial Union was established on September 6, 2005 and officially opened on October 22, 2005. Approved by China Banking Regulatory Commission and authorized by Gansu Provincial People's Government, it undertakes the management, guidance, coordination and service functions of rural credit cooperatives and rural cooperative banks in Gansu Province.