Rural commercial banks are neither private enterprises nor state-owned enterprises, but joint-stock commercial banks. Rural commercial banks, referred to as rural commercial banks and rural commercial banks for short, are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations. Rural cooperative banks should all be restructured into rural commercial banks.

Background of bank establishment

Jiang Liming, director of the supervision department of cooperative financial institutions of China Banking Regulatory Commission, said that no new rural cooperative banks will be established, and all rural cooperative banks will be transformed into rural commercial banks. Cancel the qualification shares in an all-round way and encourage qualified rural credit cooperatives to be restructured into rural commercial banks.

On the premise of maintaining the overall stability of the status of county (city) as a legal person, we should steadily push forward the reform of provincial association, and gradually build a new relationship between provincial association and grass-roots legal person society with property rights as the link, equity as the link and regulation as the constraint, so as to truly form the same interests of provincial association and grass-roots legal person society.

Through the reform, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing problem of insider control has been effectively solved, and the institutions themselves have formed an endogenous driving force to further promote the reform of deep-seated institutional mechanisms.

What are the rural commercial banks

Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank, Chongqing Rural Commercial Bank, Tianjin Rural Commercial Bank, Tianjin Binhai Rural Commercial Bank, Guangzhou Rural Commercial Bank, Shenzhen Rural Commercial Bank, Maoming Rural Commercial Bank, Xinyi Rural Commercial Bank, Huazhou Rural Commercial Bank, Gaozhou Rural Commercial Bank, Zhanjiang Rural Commercial Bank, Lianjiang Rural Commercial Bank, Suixi Rural Commercial Bank, Wuchuan Rural Commercial Bank and so on? Xinxing Rural Commercial Bank, Luoding Rural Commercial Bank, Yunan Rural Commercial Bank, Yangjiang Rural Commercial Bank, Yangxi Rural Commercial Bank, Yangchun Rural Commercial Bank, Zhaoqing Rural Commercial Bank, Sihui Rural Commercial Bank, Huaiji Rural Commercial Bank, Guangning Rural Commercial Bank, Fengkai Rural Commercial Bank, Deqing Rural Commercial Bank, Jiangmen Rural Commercial Bank, Taishan Rural Commercial Bank, Kaiping Rural Commercial Bank, Heshan Rural Commercial Bank, Foshan Rural Commercial Bank, Shunde Rural Commercial Bank, Nanhai Rural Commercial Bank and Zhuhai Rural Commercial Bank.

Business of rural commercial banks:

1. Personal business

1. Savings deposits: Rural commercial banks provide demand deposits, time deposits (including lump-sum deposits, lump-sum deposits, interest withdrawal from deposits, etc.) and call deposits.

2. Loan business: including personal housing loans, consumer loans (such as car loans, travel loans, etc.), business loans, etc.

3. Bank card business: issuing credit cards and debit cards to provide convenient payment and settlement services.

4. Wealth management business: launch a variety of personal wealth management products to help customers realize asset appreciation.

5. Agency business: sales of insurance, funds and other products.

II. Corporate business

1. Loan business: providing working capital loans and fixed assets loans for enterprises.

2. Deposit business: accepting corporate deposits and institutional deposits.

3. Payment and settlement: provide payment and settlement services such as checks, drafts and promissory notes for enterprises.

4. Investment banking: assisting enterprises in capital operations such as bond issuance, mergers and acquisitions.

III. Investment banking

The investment banking business of rural commercial banks mainly includes asset securitization, mergers and acquisitions, bond issuance, equity investment and providing financial advisory services for enterprises. These businesses are designed to help enterprises achieve optimal asset allocation, obtain low-cost financing and provide professional financial advice.

IV. International business

Rural commercial banks also provide international business services, such as foreign exchange deposits, foreign exchange loans, foreign exchange remittances and settlement and payment services for international trade.