According to incomplete statistics from China Securities News and China Securities Taurus reporter, since the beginning of this year, more than 10 agricultural and commercial banks have been approved to build.

It is worth mentioning that in April this year, Zhejiang Rural Business United Bank was officially opened, marking the reform of rural credit cooperatives with the reform of provincial cooperatives as the focus has entered a substantial stage of promotion.

On September 27, the official website of the Yunnan Banking and Insurance Regulatory Bureau disclosed information that Yunnan Honghe County Rural Commercial Bank and Yunnan Wuding Rural Commercial Bank were approved for preparation.

In September, in addition to the above two rural commercial banks, there are three rural commercial banks approved to build. On September 2, Diqing Rural Commercial Bank and Nujiang Rural Commercial Bank were approved to build by Yunnan Banking and Insurance Regulatory Bureau. On the same day, Sichuan Zizhong Rural Commercial Bank was approved by the Sichuan Banking and Insurance Regulatory Bureau.

In addition, the official website of the Banking and Insurance Regulatory Commission shows that in September, two rural commercial banks, Yunnan Lancang Rural Commercial Bank and Sanmenxia Rural Commercial Bank, have been approved to open.

According to incomplete statistics, since the beginning of this year, more than 10 rural commercial banks have been approved to build, and 7 rural commercial banks have been approved to open.

Among these approved rural commercial banks, many are restructured from rural credit cooperatives. For example, Yunnan Honghe County Rural Commercial Bank will be restructured by Honghe County Rural Credit Cooperative Association, and Yunnan Wuding Rural Commercial Bank will be restructured by Wuding County Rural Credit Cooperative Association.

Wei Lingyan, senior consultant of Analysys financial industry, said that the promotion of the reform of rural credit cooperatives is a major reason for the establishment of rural commercial banks in many places.

In July this year, Qi Xiang, spokesman for the Banking and Insurance Regulatory Commission and director of the Department of Regulations, said at a press conference of the State New Office that since this year, the banking and Insurance Regulatory Commission has deeply promoted the reform of rural credit cooperatives, and accelerated the reform process in accordance with local conditions and the principle of "one province and one policy". In April this year, Zhejiang Rural Commercial United Bank has been officially opened, marking that the reform of rural credit cooperatives focusing on the reform of provincial cooperatives has entered a substantial stage of advancement.

Industry insiders believe that the preparation of agricultural commercial bank, on the one hand, help to improve its internal management level, on the other hand, help to improve the accuracy of financial services, to serve the local economic development.

"Rural credit cooperatives have an important position and role in China's financial system. Deepening the reform of rural credit cooperatives has become an important measure to promote the establishment of modern financial enterprise system. The restructuring of rural credit cooperatives and the preparation of rural commercial banks will help improve their operating ability and management level." East high-tech investment research Institute vice president Yang Bo said.

Agricultural and commercial banks also have their competitive advantages. Li Mingjin, senior investment adviser at Jufeng Investment Consulting, believes that rural commercial banks can make up for the market that large commercial banks cannot take into account and improve the accuracy of financial services. Yang Bo said that for a long time, the rural commercial bank based on the rural financial market, with a clear local, community color, and the contact with the region than other financial institutions more, more extensive.

In terms of business development, industry experts believe that rural commercial banks can walk out of a different road from large commercial banks, serving "agriculture, rural areas and farmers", serving small and micro, consolidating rural market share, and driving local development.

Wei Lingyan suggested that rural commercial banks improve their ability to serve the local economy in three ways. First, adhere to the strategic positioning of supporting agriculture and supporting small enterprises, and innovate and promote agriculture-related credit products and businesses according to local service needs; Second, strengthen the cooperation between the government and the bank, the coalition government will further promote the "three rural" services, and further promote the rural revitalization strategy; The third is to accelerate digital transformation, use science and technology to empower agricultural services, improve efficiency and service accuracy, such as smooth online channels, rich products and services, and promote rural finance to become more intelligent, convenient and characteristic.