Rural credit cooperatives are an important part of China's financial system and the main cooperative financial organization form at present. Rural credit cooperatives are cooperative financial institutions composed of members' shares, which implement democratic management and mainly provide financial services for members. Rural credit cooperatives are independent enterprise legal persons, which are responsible for the debts of rural credit cooperatives with all their assets, enjoy civil rights and bear civil liabilities according to law.
The main businesses of rural credit cooperatives are traditional deposits, loans and remittances. In recent years, with the sustained and rapid development of China's rural economy, rural credit cooperatives have actively expanded their service areas, innovated service varieties, increased service means and further enhanced their service functions on the basis of serving agriculture, countryside and farmers. Rural credit cooperatives in some areas have provided intermediary services such as agency, guarantee and credit card, and tried to offer new services such as bill discount, foreign exchange trading, telephone banking and online banking, providing better and more convenient financial services for members and customers.