Hainan Rural Credit Cooperatives Association (hereinafter referred to as the Provincial Credit Cooperatives Association) is the only local financial institution with independent enterprise legal person status and led by the provincial government, which is approved by the Hainan Provincial Government and the China Banking Regulatory Commission and initiated by Haikou, Sanya and other 19 cities (counties) rural credit cooperatives.
Under the correct leadership of the provincial party committee and the provincial government, the provincial association will deepen the reform, strengthen management, realize the "reform in place" and stimulate the vitality of rural credit cooperatives in accordance with the work requirements put forward by the provincial government leaders, such as "grasping collection, blocking black holes, stopping losses and practicing internal strength"; Management in place to enhance the strength of rural credit cooperatives; Service in place, highlight the charm of rural credit cooperatives, and make Hainan rural credit cooperatives a veritable "Hainan farmers' own bank", a "caring person" for farmers to get rich, and a "timely rain" for increasing agricultural production.
Established in August 2007, Hainan Rural Credit Cooperative Association is the last rural credit cooperative in China. Authorized by the provincial government, the provincial association undertakes the management, guidance, coordination and service functions of rural credit cooperatives within its jurisdiction, and governs 19 city and county associations (rural commercial banks and rural cooperative banks). Since its establishment, the Provincial Rural Credit Cooperatives Union has always insisted on serving agriculture, countryside and farmers. In recent years, its business has developed rapidly, with outlets all over the urban and rural areas of our province, which has made positive contributions to the construction of new countryside and international tourist island in our province.
The provincial association vigorously develops a series of financial products mainly based on micro-credit loans, and strives to realize the benign interaction between local economy and local finance; Take system construction as the breakthrough point, establish and improve the system, and provide guarantee for steady operation. At present, the market share is gradually increasing, the management level is rapidly improving, and the service function of supporting agriculture is obviously enhanced. At the end of 2008, the balance of agricultural loans was 3.582 billion yuan, accounting for 88.9% of the total amount of agricultural loans issued by various financial institutions in the province. It has become an important part of local finance and plays an increasingly important role in the development of local agricultural economy.
At present, the financial products mainly promoted by the provincial association include the sea debit card, mortgage (pledge) loan, personal "one-on-one" loan, personal salary guarantee loan, housing loan for farmers' employees, farmers' joint guarantee loan, Qiongzhong microfinance project and Grameen microfinance project. It has been six years since the rural credit cooperatives were formally established. By April of 20 14 and 18, the total assets of rural credit cooperatives were13 billion yuan, with deposits of more than 90 billion yuan and loans of more than 57 billion yuan. There are many types of services.