According to the Interim Provisions on the Administration of Village Banks (Yin Jian Fa [2007] No.5), village banks refer to banking financial institutions established in rural areas by domestic and foreign financial institutions, domestic non-financial institutions, legal entities and domestic natural persons with the approval of China Banking Regulatory Commission, which mainly provide financial services for local farmers, agriculture and rural economic development. Village banks may not issue credit loans to related parties. Village banks may not issue loans in different places.