Is the rural commercial bank a rural credit cooperative?

The predecessor of rural commercial banks is rural credit cooperatives. After the reform, rural credit cooperatives are divided into two banks: one is a rural commercial bank and the other is a rural cooperative bank.

Rural credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares, implement democratic management and mainly provide financial services for members.

(1). Rural credit cooperatives are independent enterprise legal persons, which are liable for debts with all their assets and enjoy civil rights according to law. Its property, legitimate rights and interests and business activities carried out according to law are protected by state laws. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.

(two) in accordance with national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down on usury. Rural credit cooperatives are divided into the following departments: Rural Credit Cooperatives, International Finance Department of Rural Credit Cooperatives, Zheng Tong Rural Credit Cooperatives Training School, Credit Department of Rural Credit Cooperatives, etc. It is a department under the dual leadership of CBRC and the State Council.

Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations.

(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.

(2) On the premise of maintaining the overall stability of the county (city) legal person status, we will steadily push forward the reform of the provincial association, and gradually build a new relationship between the provincial association and the grassroots legal person agency with property rights as the link, equity as the link and supervision as the constraint, so as to truly form the same interests between the provincial association and the grassroots legal person agency.

(3) The proportion of qualified shares of rural credit cooperatives in China has dropped below 30%, and about 303 rural commercial banks and 2 10 rural cooperative banks have been established. The total assets of rural banks account for 465,438+0.4% of the rural cooperative financial institutions in China.

In addition, 1424 rural credit cooperatives have met or basically met the conditions for establishing rural commercial banks. 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.

Extended data:

Institutional characteristics of rural credit cooperatives;

As a banking financial institution, rural credit cooperatives have their own characteristics, mainly in:

Farmers and other individuals in rural areas jointly form cooperative financial organizations whose main purpose is mutual assistance. Its business operation is managed by the personnel designated by the members on the basis of democratic election and is responsible to the members. Its highest authority is the member congress, and the executive body responsible for managing specific affairs and business operations is the Council.

The main sources of funds are shares paid by cooperative members, retained provident fund and absorbed deposits; Loans are mainly used to solve the capital needs of its members. At first, it mainly issued short-term production and living loans and consumer loans. Later, with the economic development, it gradually broadened the channels of borrowing, which is no different from commercial bank loans. ?

Because the business object is a cooperative member, the business process is simple and flexible. The main tasks of rural credit cooperatives are to organize and regulate rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and limit and crack down on usury according to the provisions of national laws and financial policies.

References:

Rural commercial bank-Baidu encyclopedia

Rural credit cooperative-Baidu encyclopedia