What does the divestiture of Guiyang rural commerce mean?

Guiyang Rural Commercial Bank transferred non-performing loans to Guimin Group to reduce its own risks and burdens and concentrate on developing its main business. Guiyang Rural Commercial Bank is a local state-owned bank directly led by Guiyang Municipal Party Committee and Municipal Government, and it is also the largest local rural legal person financial institution in the province. The divestiture of Guiyang Rural Commercial Bank means that Guiyang Rural Commercial Bank transfers non-performing loans to Guimin Group to reduce its own risks and burdens and concentrate on developing its main business. By stripping off non-performing loans, Guiyang Rural Commercial Bank can reduce risks and improve asset quality, while Guimin Group can take over non-performing loans, manage and dispose of assets and realize effective utilization of assets.