Do you know that?/You know what? By the end of 20 18, there were 4,588 banking financial institutions in China. The number of rural banks is as high as 16 16, accounting for more than 1/3 of the total banking industry.
In fact, China's bank funds are mainly concentrated in six state-owned commercial banks: China Bank, Agricultural Bank, Industrial and Commercial Bank, China Construction Bank, Bank of Communications and Postal Savings Bank. By the end of 20 19, the deposits of these six major banks were 89.7 trillion yuan, and all the funds reached 1 19 trillion yuan.
The total deposits of financial institutions are 198 trillion yuan, and the total funds are 2 17 trillion yuan, which means that the deposits of the six major banks account for nearly half and the funds account for more than half.
Rural banking institutions are mainly distributed in counties and towns, belonging to rural areas. It mainly provides financial services for the development of local farmers, agriculture and rural small and medium-sized enterprises. These rural banks are restricted by regulations and are not allowed to lend in different places. Small scale and small business volume make it seem deserted.
Relatively speaking, rural banks have almost all the financial functions of banks. Although the organization is small, it is an independent legal person with fast loan approval. Some people may worry that these banks are so small that they will run away. In fact, the background of many rural banks is quite large. For example, China Construction Bank has 16 village banks, Agricultural Bank has 4 village banks, and Shanghai Pudong Development Bank has 13 village banks, all of which achieved profits in the early stage. Some rural banks are branches of listed companies. Therefore, the management of village banks is still very strict, and there has never been a case of village banks closing down. It is possible to cancel the merger, but there has never been a case of absconding with money. Since 20 15, China has implemented a deposit insurance system, and the principal and interest within 500,000 yuan can be fully guaranteed. Everyone should be assured of safety.
As an employee of a rural commercial bank, I have a deep understanding. At present, township banks (more precisely, banks that set up business outlets in townships) basically include rural credit cooperatives, rural commercial banks (restructured from well-run rural credit cooperatives), postal savings banks and some rural banks (such as Jianxin Village Bank and BOC Fu Deng). Most of the dilapidated outlets of township banks (mainly rural credit cooperatives and postal savings offices) stem from historical problems. As a rural credit cooperative established more than 60 years ago, it was established from the earliest farmer members with 50 cents/kloc-0 yuan, and has been serving agriculture, countryside and farmers for many years. At present, the assets of rural credit cooperatives in most provinces (municipalities directly under the Central Government) rank first among all financial institutions in their respective countries (for example, the deposit scale of rural credit cooperatives in Shandong Province ranks first among all financial institutions in Shandong Province, far exceeding the Shandong branch of ICBC, the first bank in the universe, and even surpassing the Shandong branch of Postal Savings Bank, the fifth largest bank). Due to the accounting scale of rural credit cooperatives in various provinces (municipalities directly under the Central Government), the five major state-owned banks are national independent legal persons, and the accounting scale is unified throughout the country, resulting in the illusion that rural credit cooperatives are not large in scale.
Since rural credit cooperatives were originally established by farmers, most rural credit cooperatives are independent legal persons at the county level, and the groups they serve are residents within their jurisdiction. Both deposits and loans are limited by the relatively slow development of rural economy. Since the establishment of rural credit cooperatives, their operational ability and anti-risk ability are not very strong. In addition, for many years, the township business outlets have not been planned and transformed, most of the business land has been allocated by the state, and the township property rights system is not perfect, resulting in the continued use of most business premises.
Most of the postal savings offices were changed from the original township post offices, and the business premises have been used for many years, which is also the reason for the dilapidated.
With the reform of rural credit system in 2003, rural credit cooperatives gradually developed. In recent years, with the continuous reform of rural credit cooperatives, rural commercial banks have been greatly modified, corporate governance has been gradually improved, equity structure has been improved, and business outlets have been transformed and upgraded. In addition to the upgrading of hardware business outlets, it is also equipped with many intelligent terminal devices, and many business environments are completely new, providing customers with convenient financial services.
I hope you can know more about township banks.