On February 29th, 2004, 65438, Jiangsu Kunshan Rural Commercial Bank Co., Ltd. was incorporated in Suzhou Administration for Industry and Commerce. On June 8, 2005, Kunshan Rural Commercial Bank was established with the approval of China Banking Regulatory Commission, which is the first joint-stock rural financial institution in China.
Kunshan Rural Commercial Bank is a joint-stock financial institution, formerly known as Kunshan Rural Credit Cooperative Association. After the establishment of the bank, its main business is to absorb public deposits; Issue short-,medium-and long-term loans; Handle domestic settlement; Handle bill acceptance and discount; Acting for payment and insurance agency business; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds and financial bonds; Engage in interbank lending; Provide safe deposit box service; Foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign exchange; International settlement; Settlement and sale of foreign exchange; Credit investigation, consultation, witness business and other business approved by China Banking Regulatory Authority and State Administration of Foreign Exchange.
Kunshan Rural Commercial Bank has 54 branches in Jiangsu Province, including 1 business department, 26 sub-branches and 17 sub-branches in Kunshan. Yancheng, Nantong, Yangzhou and Xuzhou have 1 regional management headquarters and 9 branches in different places, 1 branches. Holding 1 Village Bank-Tongzhou Huashang Village Bank; Become one of the top global banks 1000 and domestic banks 100 in China.
At present, the legal person of Kunshan Rural Commercial Bank is Zhang Zheqing, who is the chairman and general manager of Jiangsu Kunshan Rural Commercial Bank Co., Ltd.
Kunshan Rural Commercial Bank accepts the industry management and guidance of Jiangsu Rural Credit Cooperative Association and the supervision and management of Jiangsu Supervision Bureau of Bank of China Insurance Regulatory Commission.
What is a rural commercial bank?
Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations.
Generally speaking, rural commercial banks are all evolved from rural credit cooperatives. When the capital adequacy ratio and non-performing loan ratio of rural credit cooperatives reach a certain standard, they can apply for transformation into rural commercial banks.
Compared with credit cooperatives, rural commercial banks have changed the property right system from cooperative system to joint-stock system, and the ownership structure and corporate governance structure are more reasonable, and shareholders' right to speak is enhanced; The supervision standard of rural commercial banks is higher than that of credit cooperatives, which is conducive to the steady and sustainable development of rural commercial banks.