Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations. Its predecessor was rural credit cooperatives. The business purpose of rural credit cooperatives is to support rural economic development and provide financial support for rural economic development. Although rural credit cooperatives are financial institutions similar to banks, they are composed of local state-owned assets, foreign banks, private enterprises and natural persons.

What's the difference between agricultural bank and rural commercial bank?

1. Share difference: Rural commercial banks are regional banks, and their main shareholders are usually regional state-owned assets management institutions. Different regions have different major shareholders, so they are not a unified major shareholder. China Agricultural Bank is a national bank, its main shareholder is the state-owned Huijin Company, and it has branches all over the country.

2. Different legal persons: Rural commercial banks are regional banks with different legal person qualifications. China's rural commercial banks are all individual legal persons, while Agricultural Bank is a first-class legal person with only one legal person, and all branches are responsible persons.

3. Different scale of operation: Rural commercial banks are regional banks with smaller scale of operation, while Agricultural Bank is a national bank with larger scale of operation. The asset management scale of rural commercial banks is far less than that of Agricultural Bank of China. China Agricultural Bank is a national bank with strong strength and overall strong assets.