Core Viewpoint - The article discusses the merger of 82 rural financial institutions into Henan Rural Commercial Bank, which aims to streamline operations and enhance efficiency in the banking sector in Henan province [1][2]. Summary by Sections Announcement of Merger - On September 28, Henan Rural Commercial Bank announced the approval of its merger with 82 institutions, including rural commercial banks and village banks across nine cities in Henan [1]. - The merger will allow Henan Rural Commercial Bank to inherit all assets, liabilities, and rights from the absorbed institutions, which will now operate as branches of the bank [1]. Continuity of Services - The announcement assures customers that their accounts, cards, contracts, and services will remain unchanged and valid post-merger [2]. - The absorbed entities include 55 rural commercial banks, 4 village banks, and 23 rural credit cooperatives [2]. Background of the Reform - The reform of small and medium-sized banks in Henan has seen changes, with a previous plan to establish "Henan Rural Commercial United Bank" approved in 2022, which was later adjusted [3]. - The new plan for Henan Rural Commercial Bank was included in the government's economic measures for the second half of 2024, indicating a shift in strategy [3]. Challenges of the Reform - The article highlights the complexity of merging numerous legal entities in the Henan banking sector, which has led to adjustments in the reform plans [4]. - The previous "united bank" model did not resolve issues related to the dual legal entity structure, raising questions about governance and operational efficiency [4].