There is a red copper coin in the middle, which directly represents that "China Xinhe" is based on tradition and serves the vast number of rural areas and farmers. The two "green hands" convey the enthusiasm and persistence of China Xinhe , which means spreading green in the vast land and making wealth for the people.

Rural Credit Cooperatives are divided into the following departments: Rural Credit Cooperatives Cooperatives, Rural Credit Cooperatives International Finance Department, Zhengtong Rural Credit Cooperative Training School, Rural Credit Cooperative Credit Department, etc. It is a department under the dual leadership of the China Banking Regulatory Commission and the State Council .

The main source of funds is the share capital paid by cooperative members, the retained provident fund and the deposits absorbed; loans are mainly used to meet the financial needs of its members. At first, it mainly issued short-term production and living loans and consumer loans. Later, with the development of the economy, the lending channels were gradually expanded, and they were no different from commercial bank loans.

Extended information

Rural credit cooperatives are independent corporate legal persons. They bear responsibility 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 law are protected by national laws. Its main task is to raise idle funds in rural areas and provide financial services for the development of agriculture, farmers and rural economy.

In accordance with national laws and financial policies, organize and regulate rural funds to support agricultural production and comprehensive rural development, support various forms of cooperative economy and member family economy, and limit and crack down on usury.

Rural credit cooperatives mostly operate as commercial banks in the name of cooperative finance. When rural credit cooperatives were led and managed by the Agricultural Bank of China in the past, they were actually grassroots institutions of the Agricultural Bank of China.

Baidu Encyclopedia-Rural Credit Cooperatives

Baidu Encyclopedia-Rural Credit Cooperatives