Group 1 - The National Financial Supervision Administration has approved the establishment of Jilin Rural Commercial Bank Co., Ltd. [1] - The establishment team must complete the setup within six months from the approval date and will be supervised by the Jilin Financial Regulatory Bureau during this period [3] - After the establishment is completed, an application for opening must be submitted to the Jilin Financial Regulatory Bureau according to relevant regulations [3] Group 2 - On July 23, the Shenzhen Stock Exchange announced the completion of the issuance of the 2025 Jilin Provincial Government Special Bonds to support the development of small and medium-sized banks, marking significant progress in the reform of the Jilin rural credit system [3] - The issuance of 260 billion yuan in special bonds, along with 86 billion yuan already used by 17 rural commercial banks in Jilin, totals 346 billion yuan, which will be allocated to Jilin Financial Holding Group to enhance the capital adequacy and risk resistance of Jilin rural commercial banks [6]

Core Viewpoint - The reform of the agricultural credit system in Jilin Province has made significant progress with the issuance of special bonds to support the development of small and medium-sized banks, specifically aimed at enhancing the operational strength of the newly established Jilin Rural Commercial Bank [2][3][4] Group 1: Special Bonds Issuance - The issuance of the 2025 Jilin Province Government Special Bonds for Supporting Small and Medium-Sized Banks has concluded, with a total of 260 billion yuan issued [3][4] - The bonds have a term of 10 years and a coupon rate of 1.76%, marking the first issuance of special bonds for small and medium-sized banks in the country for 2025 [4] - The total amount of special bonds, including previously issued bonds, reaches 346 billion yuan, which will be allocated to Jilin Financial Holding Group to enhance the capital adequacy and risk resistance of Jilin Rural Commercial Bank [3][4] Group 2: Jilin Rural Commercial Bank - Following the reform, the expected capital of Jilin Rural Commercial Bank will reach 400 billion yuan, positioning it as a healthy and robust banking institution [5] - The bank is part of a larger system that includes 52 legal entities, with 39 rural commercial banks and 13 rural credit cooperatives, boasting a total asset of 10,072.4 billion yuan as of the end of 2023 [5] - The bank's deposit and loan balances have shown stable growth, with deposits increasing by 8.2% and loans by 3.6% compared to the beginning of the year [5] Group 3: Reform Models and Trends - Jilin Rural Commercial Bank is expected to become the tenth provincial-level rural commercial bank in the country, adopting a "unified legal person" model for its reform [7] - The unified legal person model aims to consolidate operations and enhance risk management, while the joint bank model maintains the two-tier legal structure [7] - Other regions are also advancing their agricultural credit system reforms, with several provinces planning to establish unified legal person rural commercial banks [6][7]