The full name of rural commercial bank is 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. The main task is to provide financial services for farmers, agriculture and rural economic development. The term "joint-stock cooperative system" as mentioned in these Provisions refers to the enterprise organization form that absorbs the joint-stock operating mechanism on the basis of cooperative system.

Extended data:

Rural commercial bank activities Rural commercial banks (formerly rural credit cooperatives) are an important part of China's financial system and the main form of cooperative financial organization at present. China Rural Commercial Bank is an independent enterprise legal person, responsible for the debts of rural credit cooperatives with all its assets, enjoying civil rights and bearing civil liabilities according to law. Efforts to promote the transformation of rural credit cooperatives into modern enterprises and give full play to the role of rural credit cooperatives as the main force in supporting agriculture are important arrangements made by the China Financial Work Conference, and are also the top priority for deepening the reform of local financial institutions.

References:

Bank Q&A-Rural Commercial Bank