What is the full name of rural commercial bank?

The full name of rural commercial bank is rural commercial bank, referred to as rural commercial bank for short. It is a joint-stock local financial institution composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within its jurisdiction. Rural cooperative banks should all be restructured into rural commercial banks. The first joint-stock rural commercial bank in China was established in Zhangjiagang, Changshu and Jiangyin, Jiangsu Province on October 28th, 2006 1 165438. The restructuring and establishment of joint-stock commercial banks on the basis of rural credit cooperatives is a major breakthrough in the reform of rural financial system in China.

1. 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 legal person status of counties (cities), we will steadily promote the reform of provincial associations, and gradually build a new relationship between provincial associations and grass-roots legal entities with property rights as the link, equity as the link and supervision as the constraint, so as to truly form the same interests between provincial associations and grass-roots legal entities.

2. According to the "Four Whites" principle of "self-management, self-restraint, self-development and risk-bearing", establish and improve the incentive mechanism and restraint mechanism of rural commercial banks, strengthen internal management, further improve internal control systems such as loan approval, financial management and risk management, reduce non-performing loans, reduce staff and increase efficiency, reduce costs and expenses, strive to improve operational efficiency, and prevent and control the occurrence of new operational risks.

3. In June 2003, the State Council issued the "Implementation Plan for Deepening the Reform of Rural Credit Cooperatives". The general requirement of the reform is "to clarify the property right relationship, strengthen the restraint mechanism, enhance the service function, the state should support it appropriately, and the local government should be responsible". The focus of the reform is to solve two problems: first, reform the property right system of rural credit cooperatives, clarify the property right relationship, improve the corporate governance structure, and determine different forms of property rights; The second is to reform the management system of rural credit cooperatives.