Is the rural credit cooperative an agricultural bank?

According to today's headline information, it is not the Agricultural Bank, and the specific explanation is as follows:

1. Rural credit cooperatives are an important part of China's rural cooperative financial system. It is a financial institution in which members voluntarily participate in shares, implement democratic management, and mainly provide financial services for members. It has a wide service network in rural areas and can provide financial services such as financing, savings, settlement and insurance for farmers and rural enterprises. At the same time, we also actively carry out rural financial poverty alleviation work, support the development of rural industries, and promote the stable growth of rural economy.

2. Agricultural Bank of China, one of the four state-owned commercial banks in China, was established in 195 1 and its headquarters is in Beijing. As a national vice-ministerial unit, it plays an important role in national economic and social development. The business scope of China Agricultural Bank covers banking, securities, insurance and other fields. Therefore, they are not the same institution.