China Naming Network - Weather knowledge - Is Zhumadian Rural Commercial Bank the same as Henan Rural Credit Cooperative?

Is Zhumadian Rural Commercial Bank the same as Henan Rural Credit Cooperative?

Same. Zhumadian Rural Commercial Bank and Henan Rural Credit Cooperative are the same institution, but they have different names due to different eras. Henan Rural Commercial Bank is the continuation and upgraded version of Henan Rural Credit Cooperative, but Henan Rural Commercial Bank has changed from the past plan. The economic period has transitioned to the current market economy period, and it has been transformed into a rural financial credit institution that adapts to the current joint-stock system. Rural credit cooperatives (hereinafter referred to as rural credit cooperatives, rural credit cooperatives) refer to rural cooperative financial institutions established with the approval of the People's Bank of China, composed of members holding shares, practicing democratic management, and mainly providing financial services to members.