What are the differences among rural credit cooperatives, rural commercial banks and rural cooperative banks?

Rural credit cooperatives are rural financial cooperative institutions that serve shareholders, implement democratic management and have one member and one vote. Rural cooperative bank is a new form of bank organization based on the principle of cooperative system and absorbing the principle and practice of joint-stock system. It is a community local financial institution that implements the joint-stock cooperative system. The share capital of rural commercial banks is divided into joint-stock local financial institutions with the same shares, rights and interests.

The differences among rural credit cooperatives, rural commercial banks and rural cooperative banks are as follows:

Great harmony

Rural credit cooperatives, rural cooperative banks and rural commercial banks are three forms of rural financial institutions in China, which can be said to be three stages of bank transformation.

Rural credit cooperatives are rural financial institutions that initially serve agricultural production and rural development, while rural cooperative banks and rural commercial banks are the products of rural financial system reform, and they were born to meet the financial needs of economically developed rural areas. Among them, the commercialization of rural commercial banks is close to that of commercial banks.

Xiaoyi

Rural credit cooperatives are rural financial cooperative institutions that serve shareholders, implement democratic management and have one member and one vote.

Rural cooperative bank is a new form of bank organization based on the principle of cooperative system and absorbing the principle and practice of joint-stock system. It is a community local financial institution that implements the joint-stock cooperative system.

The share capital of rural commercial banks is divided into joint-stock local financial institutions with the same shares, rights and interests.

From the service point of view, although the three services mainly serve the development of agriculture, countryside and farmers and rural economy within their jurisdiction, rural commercial banks are established in relatively developed areas, and the proportion of agriculture is low. Therefore, under the premise of meeting the needs of agriculture, countryside and farmers, we must take into account the goal of coordinated economic development between urban and rural areas. The service targets of rural credit cooperatives are more focused on farmers.

At present, rural credit cooperatives are still the main institutions of rural financial system. After the financial system reform, some provinces have completely transformed (such as Jiangsu and Anhui) or partially transformed (such as Zhejiang and Guangdong) into rural commercial banks, and the number of rural cooperative banks is relatively small.

In terms of recruitment examinations, they are basically organized by provincial associations, and the contents of the examinations in the same province are roughly the same.

The above are all the differences among rural credit cooperatives, rural commercial banks and rural cooperative banks.