广东农信系统首次透露改革方向，为何选择农商联合银行模式？

Core Viewpoint - Guangdong's rural credit system is undergoing significant reform, focusing on financial supply-side structural reform and the establishment of rural commercial banks through a joint banking model [1][2]. Group 1: Reform Direction - The Guangdong Provincial Association has disclosed its specific reform direction for 2024, emphasizing the need for management system reforms and the promotion of joint banking models [1]. - The reform aims to address the uneven economic development within Guangdong, particularly the financial capacity disparities between the Pearl River Delta and the eastern and northern regions [1][2]. Group 2: Historical Context - The reform initiative began in 2017, with the goal of transforming rural credit cooperatives into rural commercial banks, which was completed by 2020 with 64 cooperatives restructured [2]. - Several rural commercial banks, including those in Shenzhen and Guangzhou, have separated from the provincial association and are now directly managed by local governments [2]. Group 3: Current Financial Status - As of the end of 2024, Guangdong's 81 rural commercial banks reported total assets of 4.80 trillion yuan, a year-on-year increase of 3.79%, while financial income and profits have declined for two consecutive years [3]. Group 4: Joint Banking Model - The joint banking model is currently the predominant reform approach, allowing for the retention of independent legal status for local credit institutions while minimizing restructuring costs [4][5]. - This model is seen as beneficial for enhancing the development of individual banks and is characterized by lower resistance to reform [5]. Group 5: Future Considerations - The specific structure and operational focus of the Guangdong joint banking model remain to be clarified, particularly regarding management coordination and financial service innovation [5].