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Guangdong Xinyi Rural Commercial Bank Co., Ltd. was established on January 22, 2007. The legal representative is Huang Yong. The company's business scope includes: absorbing RMB public deposits; issuing RMB short-term, medium-term and long-term loans; and handling domestic settlements.

Jiang Liming, director of the Cooperative Financial Institutions Supervision Department of the China Banking Regulatory Commission, said that no new rural cooperative banks will be established, and all rural cooperative banks will be restructured into rural commercial banks. Qualified stocks will be completely cancelled, and qualified rural credit cooperatives will be encouraged to restructure and form 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 10% of the total assets of rural cooperative financial institutions nationwide. 41.4%.