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china fund news reporter yishan

after being approved for establishment in early august, the preparatory work of xinjiang kezhou rural commercial bank has made new progress.

on september 6, the approval document released on the official website of the financial regulatory administration showed that four rural credit cooperatives were formally approved to be dissolved due to merger matters. at the same time, the qualifications of the candidates for the chairman and president of xinjiang kezhou rural commercial bank were approved.

four rural credit unions dissolved due to merger

the approval document shows that in view of the establishment and merger of atushi city rural credit cooperative, akto county rural credit cooperative, aheqi county rural credit cooperative and wuqia county rural credit cooperative to form xinjiang kezhou rural commercial bank, the xinjiang regulatory bureau of the state financial supervision and administration administration agreed on september 5 to dissolve the four rural credit cooperatives due to the merger, and all businesses, properties, debts and claims, and other rights and obligations shall be inherited by the newly established and merged xinjiang kezhou rural commercial bank.

the xinjiang regulatory bureau pointed out that the four rural credit cooperatives should handle dissolution-related matters in strict accordance with relevant laws and regulations, and immediately stop all business activities from the date of receipt of the approval. the cooperative’s member representative assembly, board of directors, board of supervisors and senior management should immediately stop exercising their powers, return their financial licenses to the kizilsu regulatory branch of the state administration of financial supervision and administration, make a good dissolution announcement to the public, and go through the cancellation registration procedures in accordance with the law.

xinjiang kezhou rural commercial bank was approved for establishment on august 5 this year. according to the news released by kezhou banking association at that time, xinjiang kezhou rural commercial bank was established by the merger of the above four rural credit unions, with a net capital of 900 million yuan and an asset scale of 7.5 billion yuan. after the merger, the overall capital strength and risk resistance will be greatly improved, and the ability to serve the local economy will be significantly enhanced. it will strive to open for business at the end of september.

mei yun was approved to serve as chairman

deng gang approved as president

judging from the progress of the preparations, the qualifications of the candidates for the bank's chairman and president have been approved recently.

the approval document shows that on september 5, mei yun was approved to serve as the chairman of the bank and deng gang was approved to serve as the president of the bank. the xinjiang regulatory bureau requires the two to take office within three months, and the preparatory working group should report on their performance in a timely manner, and urge them to continue to strengthen their knowledge of banking business, strictly abide by various integrity disciplines, earnestly perform their job responsibilities, and perform their duties faithfully and diligently.

the reform of the rural credit system continues to advance

on august 5, the people's bank of china, the state administration of financial supervision, the china securities regulatory commission, the ministry of finance, and the ministry of agriculture and rural affairs jointly issued the "notice on launching a special action to learn and apply the experience of the 'ten million project' to strengthen financial support for the comprehensive revitalization of rural areas", which clearly pointed out that the reform and risk reduction of rural credit cooperatives should be promoted in a provincial and classified manner to improve the standardization level and sustainable development capabilities of rural financial institutions.

as one of the key points of banking reform, in recent years, driven by the "one province, one policy" policy, the reform of rural credit system in various regions has continued to advance, and the rural credit reform plan has been officially implemented in six provinces. among them, zhejiang, shanxi, guangxi and sichuan have established provincial rural commercial banks, and liaoning and hainan have established provincial rural commercial banks.

at the same time, xinjiang, anhui, sichuan and other places are also actively establishing unified legal person rural commercial banks at the municipal level, including aksu tarim rural commercial bank, deyang rural commercial bank, huaibei rural commercial bank, etc., which have been approved one after another.

the latest data disclosed by the financial supervision administration show that as of the end of june 2024, there are 4,425 banking financial institutions, a decrease of 65 from the end of last year. among them, there are 1,577 rural commercial banks, a decrease of 29 from the end of last year, and 483 rural credit cooperatives, a decrease of 62 from the end of last year.