Are Rural Commercial Bank and Rural Credit Cooperatives a bank

Rural commercial banks and rural credit cooperatives.

is a bank, a rural credit cooperative.

After upgrading, it became a rural commercial bank, so to speak, a rural commercial bank.

It is an upgraded version of the rural credit cooperative. Rural credit cooperatives are the central bank.

The main role of the approved establishment is to raise idle funds in the rural areas and provide financial services for the economic development of the peasants and agriculture, but rural cooperatives will not be established in the future, and at present all rural cooperatives will be changed into rural commercial banks. Rural Commercial Bank: referred to as "Rural Commercial Bank" or "Rural Commercial Bank", 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.

In the same place, yes, it used to be called rural credit cooperatives, and after the restructuring, it was called rural commercial banks, which looked tall. But it doesn't have to be one. This is done on a provincial basis. Hebei's rural commercial banks or rural credit cooperatives are not the same as Henan's rural commercial banks. Not of a national nature.

It's a bank, but the name is different from one period to another.

The main differences between the two are as follows.

1. The nature of the unit is different.

The nature of rural commercial banks is joint-stock commercial banks; Rural credit cooperatives are rural cooperative financial institutions.

2. The shareholding objects are different.

The shareholding objects of rural commercial banks are the joint shareholding of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within their jurisdiction; The shareholding objects of rural credit cooperatives are members.

3. The conditions for establishment are different.

According to Article 8 of the Interim Provisions on the Administration of Rural Commercial Banks, the registered capital shall not be less than RMB 50 million, and the capital adequacy ratio shall reach 8%; According to Article 8 of the Interim Regulations on the Administration of Provincial (Autonomous Region, Municipality Directly Centralized) Cooperatives of Rural Credit Cooperatives, the conditions for the establishment of rural credit cooperatives shall be that the registered capital shall not be less than 5 million yuan.

Rural commercial banks and rural credit cooperatives.

Not a bank.

Rural credit cooperatives can be jointly restructured with other organizations to become rural commercial banks, but they do not represent rural commercial banks, and the nature of the two is different.

Rural Commercial Bank is the abbreviation of Rural Commercial Bank, which 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. China Banking Regulatory Commission.

Jiang Liming, director of the supervision department of cooperative financial institutions, said that no new rural cooperative banks will be established.

All rural cooperative banks should 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. 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.

Rural credit cooperatives: refers to the People's Bank of China.

Approve the establishment of rural cooperative financial institutions that are composed of members as shares, practice democratic management, and mainly provide financial services to members. Rural credit cooperatives are independent enterprise legal persons, which are liable for the debts of rural credit cooperatives with all their assets and enjoy civil rights in accordance with the law. Its property, legitimate rights and interests and business activities carried out in accordance with the Sanji Law are protected by national laws.

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

The Rural Credit Cooperatives are divided into the following departments, the Rural Credit Cooperatives and the Rural Credit Cooperatives International Finance.

Departments, Zhengtong Rural Credit Cooperatives Training School, Rural Credit Cooperatives Credit Department, etc., are currently led by the China Banking Regulatory Commission and the Ministry of Credit Cooperatives.

In some economically developed areas, when the scale of rural credit cooperatives reaches a certain level, they will carry out shareholding reform, and with the approval of the China Banking Regulatory Bureau, they will be transformed into rural commercial banks, so to speak, rural commercial banks.

It is an upgraded version of the rural credit cooperative. Generally speaking, whether it is a rural credit cooperative or a rural commercial bank, both are in the form of the transformation stage to the bank, with the deepening of the reform of the financial system, the rural credit cooperatives will gradually be transformed into rural commercial banks. In terms of recruitment examinations, the last two are basically organized by the provincial associations, and the content of the examinations in the same province is roughly the same.

Rural commercial banks and rural credit cooperatives are different financial institutions and do not belong to the same bank. Rural commercial banks refer to rural commercial banks, which are banking financial institutions established in accordance with national laws and regulations, and are restructured from rural credit cooperatives. Rural credit cooperatives refer to rural credit cooperatives, which are also financial institutions in rural areas, and are mutual economic organizations voluntarily formed by rural residents.

Although rural commercial banks and rural credit cooperatives are both institutions that provide financial services to rural areas, they differ in their legal status, organizational form, and business scope. At the same time, there are also differences between rural credit cooperatives and rural commercial banks in terms of capital, regulatory requirements, and market positioning. So, while the two have some similarities, they are different financial institutions.

Summary. Dear, I am glad to answer for you, Rural Commercial Bank and Rural Credit Cooperatives are not the same bank, they are different financial institutions.

Dear, I am glad to answer for you, Rural Commercial Bank and Rural Credit Cooperatives are not the same bank, they are different financial institutions.

Rural commercial banks refer to rural commercial banks, which are banks approved by the China Banking Regulatory Commission to serve rural areas and small towns. The main business of the Rural Commercial Bank is to absorb depositors' deposits, issue loans, provide first-class financing services such as certificates and bills of exchange, and provide basic financial products and services, such as savings, payment, wealth management, insurance, etc.

Rural credit cooperatives refer to rural credit cooperatives, which are part of the cooperative system of rural credit banks and credit cooperatives, and are the financial service network composed of credit cooperatives. The main service objects of rural credit cooperatives are residents and small and micro enterprises in rural areas and small towns, and the business scope also includes services such as absorbing depositors' deposits, issuing small loans, insurance sales, and sales.

Although both are financial institutions for rural areas and small towns, they are not the same bank, because they are different in terms of organizational form, management system, business scope, products and services, etc.