Rural commercial banks refer to agricultural commercial banks. For convenience, rural commercial banks are referred to as rural commercial banks for short. Rural commercial banks are essentially commercial banks, which are reformed from rural credit cooperatives. Rural commercial banks are also banks sponsored by local governments, which mainly serve economic development and are also local regional financial institutions.

Rural commercial banks generally serve the people, agriculture, townships, agriculture and enterprises. For example, when people need funds to start a business, they can apply for loans from local rural commercial banks, so that they can quickly embark on the road of getting rich, and enterprises stationed in rural areas can also apply for loans from rural commercial banks.

Rural commercial banks will also operate farmers' deposit business, and farmers can get corresponding interest after depositing. Deposit business mainly includes demand deposit, lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, deposit and withdrawal, call deposit and pension payment, which can be handled in rural commercial banks.

Rural commercial banks' three rural businesses include convenient agricultural loans, entrepreneurial agricultural loans, rural convenience stores, warm-hearted agricultural loans, characteristic agricultural loans and rural self-service stores; The "agriculture, countryside and farmers" business of enterprises includes loans for the renovation of key villages, loans for the construction of affordable farmers' resettlement houses, and "collective" loans for working capital of agricultural, industrial and commercial companies.

Background of the establishment of rural commercial banks

Jiang Liming, director of the supervision department of cooperative financial institutions of China Banking Regulatory Commission, said that no new rural cooperative banks will be established, and all rural cooperative banks will be transformed into rural commercial banks. Cancel the qualification shares in an all-round way and encourage qualified rural credit cooperatives to be restructured into rural commercial banks. On the premise of maintaining the overall stability of the legal person status of counties (cities), we will steadily promote the reform of provincial associations, and gradually build a new relationship between provincial associations and grass-roots legal entities with property rights as the link, equity as the link and supervision as the constraint, so as to truly form the same interests between provincial associations and grass-roots legal entities.

The proportion of qualified shares in rural credit cooperatives in China has dropped below 30%. About 303 rural commercial banks and 2 rural cooperative banks have been established, and the total assets of rural banks account for 4 1.4% of the rural cooperative financial institutions in China. In addition, 1424 rural credit cooperatives have met or basically met the conditions for establishing rural commercial banks. Through the reform, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing problem of insider control has been effectively solved, and the institutions themselves have formed an endogenous driving force to further promote the reform of deep-seated institutional mechanisms.