Core Viewpoint - Guangdong Province is set to reform its rural credit system by establishing a Rural Commercial Bank Union based on the existing Provincial Credit Union, marking a significant shift in the management of rural commercial banks in the region [2][3][4]. Group 1: Reform Direction and Background - The Guangdong Provincial Credit Union, established in 2005, consists of multiple rural credit cooperatives and has now outlined its reform direction for the first time in its 2024 annual report [3][4]. - Since 2021, several strong rural commercial banks in Guangdong have separated from the Provincial Credit Union, leading to a multi-bank group coexistence where some banks are managed independently while others remain under the Provincial Credit Union [4][5]. - The provincial government supports the expansion of operational autonomy for eligible rural commercial banks, aligning with the overall reform strategy for rural financial institutions [4][6]. Group 2: Current Status of Rural Commercial Banks - As of the end of 2024, the Guangdong Provincial Credit Union oversees 81 rural commercial banks, with total assets of 4.80 trillion yuan, a year-on-year increase of 3.79% [7]. - The two listed rural commercial banks in Guangdong, Guangzhou Rural Commercial Bank and Dongguan Rural Commercial Bank, reported revenues of 15.83 billion yuan and 12.31 billion yuan, respectively, with net profits of 2.42 billion yuan and 4.86 billion yuan [6][7]. - The trend of rural commercial banks separating from provincial management is not unique to Guangdong, as similar occurrences have been noted in cities like Chengdu, Guangzhou, and Shenzhen, where strong banks have opted for independent management [6]. Group 3: Future Implications and Market Context - The proposed establishment of a Rural Commercial Bank Union is seen as a cost-effective reform that retains a multi-level governance structure while enhancing service capabilities [7]. - The reform aligns with similar initiatives in other provinces, such as Zhejiang and Jiangsu, which have transitioned to a rural commercial bank union model, indicating a broader trend in the financial sector [7].
多家农商行陆续宣布脱离省联社,广东农商联合银行渐行渐近
Hua Xia Shi Bao·2025-05-07 08:15