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What bank does Guangdong Rural Credit Cooperative belong to?
Guangdong Rural Credit Cooperative Association was established in 2005. It is composed of Guangdong Rural Commercial Bank and Rural Credit Cooperatives. Approved by China Banking Regulatory Commission, it is a local financial institution with democratic management and independent legal person status.
The provincial government manages the provincial association according to departmental units, and under the authorization of the provincial government, it performs the management, guidance, coordination and service functions of rural commercial banks (rural credit cooperatives) in the province on behalf of the provincial government. Provincial Association has 9 departments, 2 offices and 2 centers. This department consists of office, Party Committee Organization Department (Human Resources Department), Reform and Innovation Department, Planning and Finance Department, Credit Management and Development Department, Risk Management and Asset Protection Department, Legal Compliance and Safety Department, Discipline Inspection Commission Office (Supervision Office) and Audit Department. In addition, there are two directly affiliated centers with independent accounting and management, namely the fund transfer operation center and the bank credit center. Four regional audit centers in Foshan, eastern Guangdong, western Guangdong and northern Guangdong.
Since its establishment, under the correct leadership of the provincial party committee and the provincial government, with the strong support of the provincial local financial supervision and administration bureau, Guangzhou Branch of the People's Bank of China, Guangdong Banking Insurance Regulatory Bureau and other relevant departments and local governments at all levels, it has led the rural commercial banks (rural credit cooperatives) in the province to thoroughly implement the relevant decision-making arrangements of the central and provincial committees and the national economic and financial policies, with the aim of serving "agriculture, rural areas and farmers", small and medium-sized enterprises and the county economy, continuously deepening reforms, accelerating the pace of transformation and upgrading, and building a "small legal person". By the end of 20 18, the provincial association (excluding Shenzhen) had 95 rural commercial banks (rural credit cooperatives), with more than 5,700 outlets and about 70,000 employees, with total assets exceeding 3 trillion yuan. It is the largest and most extensive financial institution in Guangdong Province.
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