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our reporter guo jianhang reported from beijing

the sichuan provincial rural credit system is advancing the reform of county-level institutions in an orderly manner and accelerating the reform of municipal-level institutions. a number of related tasks have been implemented recently.

on september 25, an extraordinary general meeting of shareholders of mianyang rural commercial bank was held. the deliberations included liquidation and capital verification, overall asset assessment, private placement, changes in registered capital, development strategy from 2024 to 2026, etc., including consideration of the transfer of aba nong held by aba rural commercial bank. commercial bank equity. public information shows that mianyang rural commercial bank holds 4.1086% of the equity of aba rural commercial bank.

in addition, liangshan rural commercial bank, yibin rural commercial bank and guang'an rural commercial bank also held extraordinary shareholders' meetings recently to review the work plan for asset clearance and capital verification, overall asset assessment, and the transfer of part of the equity held by the rural commercial banks.

a reporter from "china business news" learned that sichuan's rural credit system continues to promote reforms at the provincial, municipal and county levels. the equity transfer work reviewed by multiple rural commercial banks this time is to promote the formation of an equity governance structure of "provincial investment in cities and municipal investment in counties" important steps in the process.

advancement of work at the provincial, city and county levels

in september 2024, the sichuan rural credit system continued to advance the reform of the three-level institutions at the provincial, municipal and county levels under the "provincial investment to the city, city investment to the county" model.

in early september, bidding and procurement information on the official website of sichuan rural credit union showed that sichuan rural commercial united bank co., ltd. (hereinafter referred to as "sichuan rural commercial united bank") was bidding for the "provincial investment and market" asset clearance and asset evaluation service procurement project. the service scope of this procurement includes the financial due diligence of each bank, financial report audit, asset liquidation and capital verification audit, asset evaluation, capital verification and other services involved in the process of sichuan rural commercial united bank's investment in relevant municipal (urban) rural commercial banks. the specific assets and capital assessment service agencies involved in the bidding information involve 19 rural commercial banks, among which liangshan rural commercial bank, leshan rural commercial bank and deyang rural commercial bank have total assets of over 100 billion yuan.

the bidding announcement shows: "this project is divided into four packages based on the conditions of the target institutions. package 1: five rural commercial banks in suining, neijiang, guang'an, leshan, and mianyang; package 2: four rural commercial banks in bazhong, ya'an, aba, and ziyang rural commercial bank; package 3: five rural commercial banks in panzhihua, meishan, yibin, liangshan, and jianyang; package 4: five rural commercial banks in zigong, luzhou, deyang, ganzi, and guangyuan. among them, jianyang rural commercial bank simultaneously carried out mergers and acquisitions. work at sichuan xindu rural credit rural bank co., ltd.”

a person from sichuan rural credit union pointed out: "at present, the establishment of sichuan rural commercial bank has been completed, and there is nothing else to announce except the bidding."

in addition, municipal-level rural commercial banks in the sichuan rural credit system are also promoting equity transfers, targeted placements and other work.

according to the announcement of yibin rural commercial bank, an extraordinary general meeting of shareholders will be held on september 29. the contents to be considered include: liquidation of assets and capital, overall asset assessment work plan; private placement, change of registered capital; transfer of 90 million shares of aba rural commercial bank, transfer of ganzi agricultural bank of china the commercial bank has 24,559,680 shares. information released by yibin finance shows that yibin rural commercial bank is a municipal-level rural commercial bank of sichuan rural credit union and has 7 county-level rural commercial banks.

the announcement of the extraordinary general meeting of shareholders issued by guang'an rural commercial bank showed that it will consider the transfer of 60 million shares of leshan rural commercial bank.

the announcement of the extraordinary general meeting of shareholders of liangshan rural commercial bank shows that the extraordinary general meeting of shareholders will consider the following contents: liquidation of assets and capital verification, overall asset assessment work plan; private placement, change of registered capital; transfer of equity interests in ganzi, mianyang and panzhihua rural commercial banks held by the bank motion. public information shows that liangshan rural commercial bank holds 5.45% of the equity of mianyang rural commercial bank and 9.9119% of ganzi rural commercial bank.

in addition, some rural banks in sichuan province also adjusted their shareholding structures in september. on september 10, jiange rural commercial bank and jianyang rural commercial bank held an extraordinary general meeting of shareholders on the same day. the meeting voted and approved the matter of absorbing rural banks.

an announcement released on the official website of sichuan rural credit bank showed that the shareholders meeting of jianyang rural commercial bank reviewed a series of proposals regarding the merger of sichuan xindu rural credit rural bank. after the completion of the merger, sichuan xindu rural credit rural bank co., ltd. was dissolved and its legal person status was cancelled. , was transformed into a branch of jianyang rural commercial bank, and its business, property, claims and debts, and all other rights and obligations will be inherited by jianyang rural commercial bank that survives the merger. public information shows that sichuan xindu rural credit union bank was established in 2011 and is under the unified management of sichuan rural credit union and is headquartered in xindu district, chengdu city.

announcements related to the temporary shareholders' meeting of jiange rural commercial bank published on the official website of sichuan rural credit union showed that the meeting voted to approve the proposal of jiange rural commercial bank to absorb and merge guangyuan city development rural bank. public information shows that guangyuan development village bank was initiated and established by guangyuan rural commercial bank and is headquartered in jiange county, guangyuan city.

improve financial service capabilities

further deepening the reform of rural credit institutions will be officially launched in 2022. the new round of reform focuses on the reform of provincial cooperatives and aims to leverage the transformation of operating mechanisms, risk resolution and internal governance capabilities of rural credit institutions through management system reform, thereby promoting the gradual transformation of rural credit institutions in my country to high-quality development.

since the zhejiang provincial cooperatives were restructured into zhejiang rural commercial united bank in 2022 and became the "first order" of the provincial cooperatives reform, the overall reform process of my country's rural credit cooperatives has continued to accelerate. so far, rural credit reform has been implemented in many provinces and regions across the country.

public information shows that sichuan rural commercial united bank was restructured based on the sichuan rural credit cooperatives united cooperative. it was officially opened for business on january 29, 2024, with a registered capital of 22 billion yuan. it inherited the sichuan rural credit cooperatives united cooperative’s overall the provincial rural commercial bank's management functions are to carry out business activities licensed by the financial regulatory authorities and is a local banking financial institution with independent corporate legal personality.

in terms of scale, as of the end of 2023, the assets of rural commercial banks in sichuan province are 2.2 trillion yuan, various deposits are 1.8 trillion yuan, and various loans are 1.1 trillion yuan; from the perspective of shareholder composition, industrial and commercial information shows that sichuan rural commercial banks the shareholders of shang united bank come from 34 representative state-owned enterprises at the provincial level and 21 cities (states), including sichuan financial holding group, chengdu urban construction investment management group, meishan hongyu asset management co., ltd., and sichuan development (holdings) co., ltd., sichuan investment group, etc. all sichuan local rural credit cooperatives and rural commercial banks among the original shareholders of the sichuan rural credit cooperatives union have withdrawn.

sichuan rural credit union pointed out: "sichuan rural commercial bank will, under the strong leadership of the provincial party committee and the provincial government, fully implement the decisions and arrangements of the central and provincial party committees, and closely follow the provincial party committee's "synchronization of four modernizations, integration of urban and rural areas, and common development of five regions" 'development strategy, deepen the construction of 'compliant banks, smart banks, and main force banks', and strive to build the province's rural commercial banks into 'main force banks in rural finance, main force banks in local finance, and main force banks in inclusive finance', and provide comprehensive assistance the construction of a western financial center and a strong financial province.”

(editor: zhu ziyun review: he shasha proofreading: yan jingning)