1, Zhejiang Rural Credit Cooperatives started to develop from 1952, with the aim of serving "agriculture, countryside and farmers", which played an irreplaceable role in promoting and ensuring the agricultural development, rural prosperity and farmers' income in the whole province. 1In July, 1996, after the National Conference on Rural Financial System Reform, Zhejiang Rural Credit Cooperatives and Agricultural Bank of China completely broke away from administrative subordination and established a leading group for rural financial system reform in Zhejiang Province. From 1996 to 2003, Zhejiang rural credit cooperatives entered a healthy development period. 1999 1 1, Zhejiang Credit Cooperative Association was established. On April 18, 2004, Zhejiang Rural Credit Cooperatives was established, which made the rural credit cooperatives in the province really have their own headquarters.
2. On April 4th, 2022 14, Zhejiang Banking Insurance Regulatory Bureau issued the Reply on the Opening of Zhejiang Rural Commercial United Bank Co., Ltd. (hereinafter referred to as "Zhejiang Rural Commercial Bank"). According to the reply, Zhejiang Rural Commercial Bank was approved to start business with a registered capital of 5.025 billion yuan. The reply also shows that after the opening of Zhejiang Rural Commercial Bank, the former Zhejiang Rural Credit Cooperative Union was dissolved by itself, and the creditor's rights and debts were borne by the bank.