On February 10th, the official website of the State Administration of Financial Supervision and Administration approved the establishment of Henan Rural Commercial Bank Co., Ltd. on February 7th. Recently, many regions have mentioned issues related to the reform of rural credit cooperatives in their 2025 government work reports, and several provincial-level rural commercial banks or rural commercial joint banks are expected to complete their establishment within the year. Industry insiders say that the successive establishment and construction of these new banks are driven by the deepening of the reform of the rural credit system, which sends a signal of the effectiveness of the transformation of small and medium-sized financial institutions into insurance. (Shanghai Stock News)
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