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according to a recent disclosure by the hong kong stock exchange, china rural credit co., ltd. submitted a listing application to the main board of the hong kong stock exchange, with cicc acting as the exclusive sponsor.

according to the prospectus, zhonghe rural credit co., ltd. is china's leading comprehensive agricultural assistance service provider, focusing on china's rural market by providing technology-driven comprehensive products and services: including rural inclusive credit services, agricultural production services, rural consumer goods and services and rural clean energy services to empower small farmers and rural micro and small business owners.

after nearly 30 years of deep cultivation in the rural market, zhonghe rural credit union has established an offline service network directly reaching rural areas and leading digital and intelligent service capabilities, thus achieving outstanding results. as of june 30, 2024, the company's business covers more than 550 counties in 23 provinces across the country, taking root in more than 100,000 villages, reaching a rural population of nearly 200 million. as of the same date, the company relied on more than 7,200 service team members and approximately 127,000 village-level partners in approximately 550 rural local service outlets to reach rural users directly.

according to frost & sullivan's report, china rural credit union is the largest non-traditional financial institution targeting china's rural market, with a market share of approximately 8.6% (based on total loan balance as of december 31, 2023). according to the same data source, the company is china's sixth largest agricultural supplies and agricultural machinery e-commerce platform in terms of total merchandise transactions in 2023.