1. China RuralCreditCooperatives (hereinafter referred to as Rural Credit Cooperatives) is a rural cooperative financial institution established with the approval of the People's Bank of China. It is composed of members' shares, implements democratic management, and mainly provides financial services for members.
Second, China Rural Credit Cooperative is an independent enterprise legal person and is responsible for the debts of rural credit cooperatives with all its assets. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development. In accordance with national laws and financial policies, organize and standardize rural funds, support agricultural production and comprehensive rural development, support various forms of cooperative economy and family economy, and limit and crack down on usury.
Three, the relationship between the union and a single credit cooperative, equivalent to the relationship between the head office and branches. There is a county association in a county. At first, the county association was managed by the Agricultural Bank. 1996 and returned to the people's bank; After 1999, the People's Bank of China gradually established prefecture (city) associations and county associations returned to prefecture (city) associations. After 2003, the People's Bank of China revoked the local (city) association and handed over the management right of rural credit cooperatives to the provincial government, which established the provincial association, which was in charge of the county association.
Four, so far, from the economic and legal point of view, each county association is equivalent to an independent bank (enterprise), the actual owner is the provincial government, and all county associations in the province have established provincial associations, so the provincial association is actually the "son" of the county association; Administratively, each county association is the administrative department in charge of credit cooperatives, and the provincial association is the highest administrative department, so the provincial association is the "Lao Zi" of the county association. Because of its high administrative status, the provincial association has become the actual manager of the county association economically.
Verb (abbreviation of verb) Institutional nature: Deposit rural credit cooperatives are banking financial institutions, also known as deposit institutions and deposit currency banks. Their common feature is that deposits are the main liabilities, loans are the main assets, and transfer settlement is the main intermediary business, which directly participates in the creation process of deposit currency.
6. Rural credit cooperatives are also credit cooperative institutions. The so-called credit cooperative institutions are cooperative financial institutions whose main purpose is mutual assistance, referred to as "credit cooperatives", which carry out deposit and loan business among members for the purpose of mutual assistance and self-help. The establishment of credit cooperatives is directly related to the development of natural economy and small commodity economy. Due to the seasonal, decentralized and small-scale characteristics of agricultural producers and small commodity producers, it is difficult for small producers and farmers to get the support of bank loans, but objectively, the development of production and circulation must solve the difficulty of insufficient funds, so this kind of mutual aid self-help credit organization established by means of capital contribution and deposit has emerged.