1. Rural commercial banks are joint-stock banks that have been restructured from financial institutions such as rural credit cooperatives or rural cooperative banks. Hubei Bank is a local commercial bank established by the restructuring and share expansion of the former city commercial bank. Both rural commercial banks and local commercial banks have very specific and strict requirements and standards in terms of capital setting and shareholder composition. And they are all supervised by the China Banking Regulatory Commission.
2. There is no difference between rural commercial banks and local commercial banks such as Hubei Bank, but the capital scale, shareholder structure, service direction and management level are different. At present, China's rural commercial banks and local commercial banks are generally healthy and stable.