Is Guiyang Rural Commercial Bank a regular bank?

Guiyang Rural Commercial Bank is a state-owned enterprise funded by the government.

With the consent of the provincial government, Guiyang decided to merge and form Guiyang Rural Commercial Bank Co., Ltd. on the basis of voluntary participation of four rural small and medium-sized corporate financial institutions, Nanming, Xiaohe, Baiyun Rural Credit Cooperative Association and Yunyan Rural Cooperative Bank, in accordance with the principle of marketization.

Development history

No matter in theory or from the history of economic development in various countries, state-owned enterprises will play different roles in different stages of economic development and have different positions in national economy and social life.

The widespread appearance of state-owned enterprises began after World War II. With the transformation from general monopoly capitalism to state monopoly capitalism, capitalist countries began to fully intervene and adjust economic life.

At the same time, driven by the new wave of scientific and technological revolution, the production scale of enterprises is expanding day by day, and the market economy maintained solely by free competition has caused social instability. In this case, capitalist countries began to assume the leadership of production. Starting from 1945, Britain nationalized a series of basic industries and the Bank of England, while France changed the energy sector, insurance sector, financial sector and some large companies into state takeover.

At the same time, the number of state-owned enterprises established by the Japanese government increased rapidly from seven at the end of the war to 1 14 in the mid-1970s. The US government has also established some state-owned enterprises. These state-owned enterprises are mainly concentrated in the energy sector, infrastructure sector, public goods sector and science and technology development sector.

After World War II, developing countries set off two waves of nationalization in order to revitalize their economies and promote their industrialization.

The first time was from the late 1950s to the mid-1960s, following the climax of the national liberation movement. It is mainly aimed at colonial enterprises and colonial economic management enterprises, including customs, banks, tax agencies and large enterprises owned by former colonists that can monopolize or manipulate the national economy and people's livelihood. The climax of nationalization is actually the continuation of the national liberation movement in the economic field.

The second time was in the 1970s. Encouraged by the victory of oil-producing countries in the Middle East in their struggle to recover the sovereignty of oil resources, developing countries set off a trend to recover the sovereignty of natural resources. Under this trend, some countries nationalized the foreign-funded enterprises that actually manipulated the key sectors of their own economies, and appropriated some mining resources and agricultural and fishery resources for themselves.

The development of state-owned economy in developing countries has played a great role in safeguarding national sovereignty, striving for economic independence, laying the foundation for national economic development, establishing a relatively perfect market mechanism, maintaining the normal operation of social economy and promoting the balanced development of regional economy, driving the development of other economic sectors in developing countries and promoting technological progress.

At the same time, the state-owned economy has gradually exposed many disadvantages in practice, such as high monopoly, unclear property rights, confusion between government and enterprises, and chaotic management. Since the mid-1970s, many developing countries have taken various measures to rectify and transform the state-owned economy according to their own specific conditions, and achieved great results.