Is Shaoguan Rural Commercial Bank a part of Guangzhou Rural Commercial Bank?

As a pioneer in the reform of rural financial institutions in China, Guangzhou Rural Commercial Bank actively responds to the policies and arrangements of the national party committee and the provincial government. According to Guangzhou's positioning as a national central city, Guangzhou actively plays its radiating and leading role in the eastern, western and northern regions of Guangdong, actively assumes social responsibilities, and participates in the reform of Guangdong rural cooperative institutions. After more than three years of preparations, with more care and support from the Guangdong Provincial Government, Municipal Party Committee and Municipal Government in Guangzhou and Shaoguan and other relevant regulatory authorities, Guangzhou Commercial Bank’s strategic holding Shaoguan Farmers Commercial Bank officially opened, marking the 68th anniversary of Shaoguan Rural Cooperative Finance The business history has turned a new page, which also marks the successful completion of Guangzhou Rural Commercial Bank's deep participation in the reorganization of six rural cooperative institutions in three places across the province. The non-performing loan ratio of Shaoguan Rural and Commercial Bank of China plummeted from double digits to 2.32, and the main regulatory indicators met regulatory requirements. The implementation agency changed from the gorgeous butterfly of commercial banks under the old system to new rural areas, merged and reorganized to resolve risks, and promoted small-amount services of rural credit cooperatives. Capacity reform will write a new chapter based on the "Chaozhou Model" to support agriculture.

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1. Rural commercial banks are banking financial institutions that are different from but related to state-owned banks. They are both financial institutions and operate deposits, loans and fund settlement businesses. The business scope of rural commercial banks is generally to provide various financial services to the urban and rural population. The types are relatively simple, such as savings, loans, transfers, guarantees, etc., such as "farmer micro-credit" and other deposit and loan businesses. State-owned banks generally provide financial services to the population of large towns and counties, and the types are relatively rich. There are credit cards (overdraft cards), electronic banking, international business, etc. Rural commercial banks are county-level cooperatives that are independent accounting entities and have branches below the county level. State-owned banks have many branches. They are not independently accounted business units, but are generally first-level legal entities. Generally speaking, compared with state-owned commercial banks, rural commercial banks have poorer financial strength and fewer business types.

2. Advantages of localization. Rural commercial banks have long been based on the rural financial market and play an irreplaceable role in the rural financial market. Rural commercial banks have distinctive local and community characteristics and are more closely connected with their regions than other financial institutions. They can be said to be “grassroots banks” that are native to the local area. The government targets rural commercial banks in agriculture, rural areas and farmers. While receiving state support, it also engages in a large number of government-specified businesses, which are often complex but of little benefit. But it also enables rural commercial banks to operate at the grassroots level (rural areas) and maintain close contact with the masses, which other institutions do not have.