Why should rural credit cooperatives be transformed into rural commercial banks? What is the differe

Rural credit cooperatives: refers to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members' shares, practicing democratic management, and mainly providing financial services to members.

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

Differences: 1. The nature of the enterprise.

Rural commercial banks are joint-stock enterprises, and rural credit cooperatives are joint-stock cooperative enterprises. Generally speaking, the rural credit system is similar to the chain model, there is a head office (provincial rural credit), and there are many prefecture-level rural credit cooperatives, county-level rural credit cooperatives, each rural credit cooperative is an independent legal person, self-financing. Similar to the parent company, there are many subsidiaries, and the parent company has only the right to manage the subsidiary, but does not have the right to interfere in the business of the subsidiary, and the subsidiary is responsible for its own profits and losses.

The predecessors of rural commercial banks were generally restructured by the merger of a number of prefecture-level and city-level rural credit cooperatives or county-level associations. It's similar to the merger of several small companies into one large company.

2. Regulatory Agencies.

Commercial banks are mainly supervised by the CBRC, while credit cooperatives, as the initiators of provincial associations, are mainly supervised by provincial associations.

3.Service Focus.

Although they are mainly for the development of agriculture, farmers and rural economy within the jurisdiction, because the rural commercial banks are established in relatively economically developed areas and the proportion of agriculture is low, it is necessary to take into account the goal of coordinated development of urban and rural economies under the premise of meeting the needs of the "three rural" areas. Rural credit cooperatives focus more on rural households.

4. Scale. Rural commercial banks are generally larger and more powerful than rural credit cooperatives.

Rural credit cooperatives are the predecessor of rural commercial banks, when rural credit cooperatives develop to a certain extent, asset scale and so on reach a certain standard, submitted to the China Banking Regulatory Bureau for approval, with the consent of the banking regulatory bureau can be restructured into rural commercial banks.

The transformation of rural credit cooperatives into rural commercial banks is conducive to clarifying the property rights relationship, activating the operating mechanism, enhancing the ability to resist risks, further improving the quality of credit assets, and achieving a balance between the speed of development and the degree of stability at a higher level on the basis of strengthening capital constraints. It is conducive to optimizing the operation mechanism and management mechanism, assessing and distributing in accordance with the principle of performance linkage and equal rights, responsibilities and interests, and fully tapping the potential of human resources; It is conducive to using modern financial management concepts to guide specific business work, further promote the improvement of business management level, and achieve feasibility.

The predecessor of the Rural Commercial Bank was the Rural Credit Cooperative. After the restructuring of the rural credit cooperatives, they were divided into two banks: one was the Rural Commercial Bank and the other was the Rural Cooperative Bank.

Rural air response credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members, practicing democratic management, and mainly providing financial services to members.

1).Rural credit cooperatives are independent corporate legal persons, which are liable for the debts of rural credit cooperatives by dismantling and selling all their assets, and enjoy civil rights in accordance with the law. Their property, legitimate rights and interests, and business activities carried out in accordance with the law of the state are protected by the laws of the state.

Its main task is to raise idle funds in rural areas and to provide financial services for agriculture, farmers and rural economic development.

2).In accordance with the provisions of national laws and financial policies, organize and regulate rural areas, support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and restrict and crack down on usury. Rural credit cooperatives are divided into the following departments, rural credit cooperatives, rural credit cooperatives international financial department, Zhengtong rural credit cooperatives training with potato school, rural credit cooperatives credit department, etc., which are currently led by the China Banking Regulatory Commission and the first double brigade.

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

1).Jiang Liming, director of the supervision and management department of cooperative financial institutions 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. Completely abolish the qualification unit, and encourage eligible rural credit cooperatives to be restructured and established into rural commercial banks.

2).On the premise of maintaining the overall stability of the status of county (city) legal persons, we should steadily promote the reform of provincial associations, and gradually build a new type of relationship between provincial associations and grassroots legal persons with property rights as the link, equity as the link, and regulations as constraints, so as to truly form a community of interests between the provincial associations and the grassroots legal persons.

3).The proportion of qualified shares of rural credit cooperatives nationwide has dropped to less than 30 percent, about 303 rural commercial banks and about 210 rural cooperative banks have been established, and the total assets of rural banking institutions account for the total assets of rural cooperative financial institutions in the country.

In addition, 1,424 rural credit cooperatives have met or basically met the conditions for the establishment of 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 the deep-seated system and mechanism.

1. Equity setting.

Rural credit cooperatives are rural financial cooperative institutions that serve their members as shareholder, implement democratic management, and have one vote for each member.

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

2. Corporate governance.

The authority of a rural commercial bank is the general meeting of shareholders, and the board of directors, the board of supervisors, and the management are set up.

Rural credit cooperatives serve the members of the cooperatives and implement democratic management, with one member and one vote. In terms of corporate governance, the member congress is the authority body, and the member representatives are elected by the members, and the board of directors, the board of supervisors and the management are set up.

3. Service focus.

Since rural commercial banks are set up in relatively economically developed areas, the proportion of agriculture is relatively low. Therefore, under the premise of meeting the needs of the "three rural", it is also necessary to take into account the goal of coordinated development of urban and rural economy.

Rural credit cooperatives focus more on rural households. Today, rural credit cooperatives are still the main institutions of the rural financial system, and after the reform of the financial system, some provinces have been completely transformed or partially transformed into rural commercial banks, and the number of rural cooperative banks is relatively small.

Rural credit cooperatives, i.e., rural credit cooperatives. It refers to a rural cooperative financial institution established with the approval of the People's Bank of China, composed of members' shares, practicing democratic management, and mainly providing financial services to members. Rural credit cooperatives are community-based local financial institutions composed of rural households, individual industrial and commercial households, and small and medium-sized enterprises within their jurisdiction, and are an important part of China's financial system.

Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.

Rural commercial banks, i.e., rural commercial banks, were restructured from rural credit cooperatives. In other words: the Rural Commercial Bank is the version of the Rural Credit Cooperative. Because of the reform, the governance model of rural credit cooperatives has also changed, and on the whole, it has developed for the better.

Therefore, we often talk about rural credit cooperatives and rural commercial banks, but in fact, they are talking about the same thing.

After the restructuring, the rural commercial banks have undergone new changes in terms of service, system, and economy, in order to better serve the three rural areas and the local economy.

With the gradual rise of rural commercial banks, the treatment of their staff has also improved, and because of its less competition in examinations and less pressure on work performance, it has gradually become the choice of many candidates.

The work pressure of rural credit cooperatives is lower than that of some private enterprises, and there is a lower entry threshold, and the range of professional requirements is relatively wide.

The difference between a rural credit cooperative and a rural commercial bank.

Rural credit cooperatives and rural commercial banks belong to the banking system. Rural credit cooperatives belong to rural credit cooperatives, and rural commercial banks belong to rural commercial banks.

In fact, it is one, and the name is different from place to place.