Financial trend

In 221, the provincial association acted frequently. From the personnel point of view, the provincial associations of 11 provinces across the country ushered in important personnel changes. Among them, 7 provincial associations replaced the "number one"; In the "14 th Five-Year Plan" financial planning disclosed by various provinces, at least 13 provinces have written "the reform of provincial association" into the "14 th Five-Year Plan" financial planning; The task of restructuring Ningxia rural credit cooperatives into rural commercial banks was completed last year, and 13 provinces across the country completed the restructuring of rural credit cooperatives.

It is worth mentioning that recently, Zhejiang Province took the lead in disclosing the reform plan of the Provincial Rural Credit Cooperatives: promoting the transformation of the Provincial Rural Credit Cooperatives into Zhejiang Rural Commercial Union Bank, and becoming a local banking financial institution with independent corporate status. The China Banking and Insurance Regulatory Commission 222 Work Conference held recently also mentioned that the Zhejiang Provincial Association should be reformed to form Zhejiang Rural Commercial Bank.

7 provincial associations changed their "top leaders"

In 221, the personnel of provincial associations changed frequently.

The Paper observed that there were important personnel changes in at least 11 provincial associations in Shaanxi, Jiangxi, Hainan, Hebei, Liaoning, Guangdong, Guizhou, Henan, Yunnan, Hunan and Gansu last year. Among them, the provincial associations of Hainan, Hebei, Liaoning, Guangdong, Guizhou, Henan and Gansu ushered in a new leader.

According to the resume, the top leaders in seven provinces have been promoted from within the provincial association: Zhang Fan, former deputy secretary, vice-chairman and director of Guangdong Association, was promoted to chairman of Guangdong Association, Shijiang Li, former deputy secretary, vice-chairman and director of Liaoning Association, was appointed chairman of Liaoning Association, and Ma Linbo, former deputy secretary, vice-chairman and director of Guizhou Association, was appointed chairman of Guizhou Association. There are local financial regulators: Xu Xian, former member of the Party Committee and deputy director of Tianjin Banking Insurance Bureau, is the chairman of Hebei Provincial Association; There are also local banking systems: Wang Niansheng, the first chairman of Hainan Bank, is the chairman of Hainan Provincial Association, Wang Wenyong, the former president of Gansu Bank, and Zhou Guiheng, the vice president of Henan Branch of Agricultural Bank of China, is the chairman of Henan Provincial Association.

13 provinces completed the restructuring of rural credit cooperatives

In 221, another member was added to the provinces where rural credit cooperatives were restructured into rural commercial banks.

last year, the task of transforming Ningxia rural credit cooperatives into rural commercial banks was basically completed. In December last year, Ningxia Qingtongxia Rural Commercial Bank Co., Ltd. (hereinafter referred to as Qingtongxia Rural Commercial Bank), Ningxia Yongning Rural Commercial Bank (hereinafter referred to as Yongning Rural Commercial Bank) and Ningxia Huinong Rural Commercial Bank (hereinafter referred to as Huinong Rural Commercial Bank) were approved for opening.

The list of legal persons of banking financial institutions disclosed on the website of China Banking and Insurance Regulatory Commission shows that by the end of June 221, there were still three rural credit cooperatives in Ningxia: Yongning County Rural Credit Cooperative Association, Huinong District Rural Credit Cooperative Association of Shizuishan City and Qingtongxia Rural Credit Cooperative Association. With the approval of Qingtongxia Rural Commercial Bank, Yongning Rural Commercial Bank and Huinong Rural Commercial Bank, the restructuring of Ningxia Rural Credit Cooperatives was basically completed.

According to the National Industry Development Report of Rural Small and Medium-sized Banks issued by China Banking Association in Beijing, by the end of 22, 12 provinces and cities across the country have completed the restructuring of rural credit cooperatives, including four municipalities directly under the Central Government of Beijing, Shanghai, Tianjin and Chongqing, and eight provinces of Anhui, Hubei, Jiangsu, Shandong, Jiangxi, Hunan, Guangdong and Qinghai. Together with Ningxia, which has completed the restructuring of rural credit cooperatives, the task of restructuring rural credit cooperatives into rural commercial banks in 13 provinces in the national rural credit system has been completed.

13 provinces have written "rural credit cooperative reform" into the financial planning of the 14th Five-Year Plan

In the financial development planning of the 14th Five-Year Plan, The Paper observed that at least 13 provinces including Guangdong, Hainan, Jiangxi, Jiangsu, Shaanxi, Anhui, Shandong, Fujian, Hunan, Jilin, Zhejiang, Sichuan and Hubei mentioned rural credit cooperative reform.

among the 13 provinces mentioned in the financial development plan of the 14th Five-Year Plan, Jiangxi Province proposed to "strive for the reform of provincial cooperatives to be included in the national pilot", Shaanxi Province proposed to "actively strive for the state's approval of the pilot reform of rural credit cooperatives in our province" and Anhui Province proposed to "strive for the rural credit cooperatives in our province to take the lead in the national reform pilot".

with regard to the reform of provincial cooperatives, Zhejiang province took the lead in disclosing the direction in the Qiantang River Financial Harbor Development Implementation Plan (221-225): Zhejiang province will promote the transformation of Zhejiang cooperatives into Zhejiang Rural Commercial Union Bank and become a local banking financial institution with independent corporate status.

other provinces also revealed the direction of rural credit cooperative reform in the financial planning of the 14th Five-Year Plan. For example, Guangdong Province proposes to support qualified rural commercial banks to expand their operational autonomy, promote the reform of the management system of provincial rural credit cooperatives, and strengthen the comprehensive capacity building of rural credit cooperatives in party building, discipline inspection and supervision, industry audit, risk prevention and control, capital settlement and data system. Shaanxi Province proposes to support qualified and willing cities (districts) to form municipal-level rural commercial banks through the merger of urban rural commercial banks and rural credit cooperatives. Hubei Province has proposed that it will actively promote the reform of rural credit cooperatives and carry out pilot projects of investment-managed township banks.

the reform of provincial cooperatives may become the focus of this round of rural credit cooperatives reform

the reform of provincial cooperatives may become the focus of this round of rural credit cooperatives reform. Provincial Association is a historical product of the reform of rural credit cooperatives in most provinces in China: on the one hand, it is a local financial institution established by rural credit cooperatives and rural commercial banks in all provinces; On the other hand, on behalf of provincial governments, it is responsible for exercising the functions of guidance, coordination, service and management of agricultural cooperative institutions.

On the question of how to reform the provincial association, Ceng Gang, deputy director of the National Finance and Development Laboratory, pointed out in an interview with The Paper that many reform plans about the provincial association had been discussed before, but they were delayed. The reason is very simple, that is, there are great differences in different provinces and the situation is different, which means that the reform plans may be different. The central government has not given a unified model, but only a direction, and each province needs to carry out specific plans according to its own situation.

Ceng Gang believes that no matter what path is taken, the reform of provincial cooperatives should be consistent with the reform direction of rural credit cooperatives, that is, adhere to the reform direction of marketization, rule of law and enterprise, and adhere to the principle that rural credit cooperatives serve "agriculture, rural areas and farmers" and ensure the stability of county legal person status. At the same time, it is necessary to increase investment and capacity building in financial technology, comprehensively improve the application level and competitiveness of financial technology of rural credit cooperatives, and realize the healthy, efficient and sustainable development of rural credit cooperatives under the tide of digital economy.

Dong Ximiao, chief researcher of Zhaolian Finance and part-time researcher of Fudan University's Institute of Finance, once said in an interview with The Paper that there are four directions and modes of the reform of provincial cooperatives: one is to set up a rural commercial bank with unified legal person; the other is to reform it into a financial service company; the third is to reform it into a financial holding company; and the fourth is to set up a provincial agricultural commercial bank. Adopting the unified legal person model of rural commercial bank is helpful to centralize the allocation of resources, enhance the joint force and execution of management, build brand image and form scale advantage. In some provinces and regions with small business areas and few institutions, this model still has replication significance.