Yes, Rural Commercial Bank, referred to as Rural Commercial Bank, is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, corporate legal persons and other economic organizations within its jurisdiction.

All rural cooperative banks must be restructured into rural commercial banks.

The proportion of qualified shares of rural credit cooperatives nationwide has dropped to less than 30%. About 303 rural commercial banks and about 210 rural cooperative banks have been established. The total assets of rural bank institutions account for 41.4% of the country's rural cooperative financial institutions.

In addition, there are 1,424 rural credit cooperatives that have met or basically met the conditions for the establishment of rural commercial banks.

Through reform, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing insider control problem has been effectively solved, and the institution itself has formed an endogenous driving force to promote in-depth institutional reform.

Extended information: Focusing on promoting the transformation of rural credit cooperatives into modern enterprises and giving full play to the role of credit cooperatives as the main force in supporting agriculture is an important deployment made by the China Financial Work Conference, and it is also a top priority for deepening the reform of local financial institutions.

Carry out online payment business cooperation, including third-party payment institutions that cooperate based on online payment platforms, such as Alipay, Kuaiqian, Capital Easy Pay, Yibao Pay, Huanxun Pay, etc.

As well as B2B, B2C, C2C e-commerce special merchants, such as Yunwang, Qiandai.com, Fifth Avenue, Xinhua Travel Network, etc., through our bank's e-commerce system, customers can enjoy modern electronic financial services without leaving home, easily

Through our bank's online banking, various functions such as online shopping, air ticket purchase, phone recharge, fund subscription, etc. can be realized.