The trillion-yuan rural commercial banks' absorption and merger reappears, accelerating the integration of village and town banks

The reform and restructuring of rural banks is accelerating. Recently, the Guangdong Financial Regulatory Bureau approved the merger of Guangzhou Rural Commercial Bank with Xingning Pearl River Rural Bank. In addition, since the beginning of this year, there have been frequent cases of state-owned large banks and rural commercial banks participating in the merger and restructuring of rural banks. Industry insiders indicate that driven by both policy guidance and the banks' own development motivations, small and medium-sized banks, including rural banks, are ushering in a new wave of consolidation, enhancing their risk resistance and regional competitiveness through "reducing quantity and improving quality."