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The Rural Banking Department of the State Administration of Financial Supervision announcedpennpursuitiiispinningcombos: Reduce the number and level of small and medium-sized banking institutions in rural areas

The Party Branch of the Rural Small and Medium-sized Banks Supervision Department of the State Administration of Financial Supervision recently issued the "Coordinating Reform and Chemical Insurance to Promote the High-quality Development of Rural Small and Medium-sized Banks"pennpursuitiiispinningcombos, clearly pointed out that the pace of mergers and reorganizations of small and medium-sized rural banks will be accelerated. The move aims to reduce the number and level of small and medium-sized banking institutions in rural areas and strengthen centralized and unified management. At the same time, this measure will optimize the layout of banking institutions according to local conditions and reshape operating mechanisms to promote the continued convergence of risks.