1, different organizational structures
Rural credit cooperatives were originally under the jurisdiction of Agricultural Bank. 1996 "decision on the reform of rural financial system" clearly states that rural credit cooperatives and agricultural bank of China are separated from administrative subordination, and the business management and financial supervision of rural credit cooperatives are undertaken by county association and people's bank.
Agricultural cooperatives, even if they belong to banking financial institutions, are joint-stock cooperative community-based local financial institutions formed by absorbing the joint-stock operation mechanism on the basis of cooperative system. They are cooperative financial organizations composed of farmers, which implement democratic management and mainly serve shareholders. They are legal financial institutions approved by the People's Bank of China.
Agricultural Bank of China is a joint-stock enterprise established according to the company list, 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. The main purpose of borrowing is to solve the financial needs of members.
On the other hand, the Agricultural Bank of China is a comprehensive financial institution with innovative functions, 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 sizes
Although the rural credit cooperatives are different from the Agricultural Bank of China at the same level, they can be distributed much more in terms of asset scale, and play an important role in organizing and regulating rural funds, 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 between them in business model, structural system and asset scale.
Baidu encyclopedia-rural credit cooperative
Baidu Encyclopedia-Agricultural Bank of China