Is Henan Rural Commercial Bank the same as Zhumadian Rural Commercial Bank?

No, rural commercial banks are regional (provincial and partial regional) first-class corporate banks. Rural commercial banks (formerly rural credit cooperatives) are an important part of China's financial system and the main cooperative financial organization form at present. Rural commercial banks are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets, enjoy civil rights and bear civil liabilities according to law.

1. The drastic reform of rural credit cooperatives began after the State Council issued a document in 2003. However, from the perspective of national reform, the formation mode of rural commercial banks is not uniform, and there are basically three modes. Because according to the requirements of the regulatory authorities, the conditions for setting up a rural commercial bank are not high, for example, the registered capital is not less than 50 million, the capital adequacy ratio is above 10%, the core capital adequacy ratio is above 6%, and the non-performing loan ratio is below 5%. Therefore, in terms of administrative divisions, some rural commercial banks are established with municipalities as independent legal entities, such as Chongqing Rural Commercial Bank and Beijing Rural Commercial Bank. The county-level branches under the jurisdiction of such large rural commercial banks also belong to branches. The relationship between the head office and branches and sub-branches is responsible to the head office and belongs to the same bank.

2. Therefore, all areas of the municipality directly under the Central Government are our business. Rural commercial banks are developed from the reform of rural credit cooperatives. In some places, the reform has been completed and all of them have been changed into rural commercial banks. In some places, the reform has not been completed, such as our province. Some cities and counties are rural commercial banks, and some cities and counties are credit cooperatives, but they are still one, which is managed by the provincial association. Rural credit cooperatives belong to local banks. Credit cooperatives in each province have independent legal persons, which are not related to each other and have different systems. Bank cards, businesses and interest rates are also different. The bosses of all credit cooperatives in each province are provincial associations, which are irrelevant to each other, and there is no head office or association under the unified leadership of the whole country. Unlike the national bank, there is only one branch in the country, and everything is unified.

Generally speaking, local city commercial banks and rural commercial banks are all invested and controlled by local SASAC, and there is no subordinate relationship between city commercial banks and rural commercial banks in different regions. For example, Shenzhen Commercial Bank and Shenzhen Rural Commercial Bank are different legal persons, and Shenzhen Commercial Bank and Dongguan Bank are also different legal persons.