AGRICULTURAL BANK OF CHINA(SH:601288) Xin Lang Cai Jing·2025-10-14 11:51Core Viewpoint - The recent approval by the Jilin Financial Regulatory Bureau for the name changes of 102 rural commercial bank branches indicates a significant adjustment in the management structure of rural banks in Jilin province, with the Agricultural Bank of China becoming a new participant in the rural banking sector [1][3][6]. Group 1: Regulatory Changes - The Jilin Financial Regulatory Bureau approved the name changes for 102 institutions, including branches and sub-branches of rural commercial banks, to Agricultural Bank branches [1]. - In September, multiple banks were also approved to change their names to Agricultural Bank branches, indicating a trend of consolidation and rebranding in the rural banking sector [5]. Group 2: Impact on Rural Banking - The large-scale renaming reflects a major adjustment in the management of rural commercial banks, with all existing business operations remaining unaffected for customers [3]. - The involvement of the Agricultural Bank in the reform process is seen as a new phenomenon aimed at mitigating risks within the rural banking system [6][9]. Group 3: Challenges Faced by Rural Banks - Rural banks are facing significant operational pressures, with some institutions reporting substantial losses, such as Yanbian Rural Commercial Bank with a net profit of -695 million yuan in 2023 [7]. - The competitive landscape is challenging for rural banks due to the digital transformation and stricter regulatory requirements, leading to a faster exit of smaller banks from the market [8]. Group 4: Future Directions - Experts suggest that the experiences of large commercial banks in reforming rural banks should be documented and potentially replicated nationwide [7]. - The ongoing reforms in various provinces indicate a broader trend towards consolidating rural financial institutions to enhance their stability and competitiveness [9].