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State-Owned Major Banks Initiate 'Rural-to-Branch' Transformation, Spurring Accelerated Integration Among Small and Medium-Sized Banks
1 day ago /
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Author：小编
The Industrial and Commercial Bank of China (ICBC) has secured approval to acquire the Chongqing Bishan Industrial and Commercial Bank of China Rural Bank, transforming it into a branch. This milestone marks the inaugural participation of a state-owned major bank in the rural bank reform, officially positioning them within this transformational sphere. Concurrently, local city commercial banks and rural commercial banks are pressing ahead with their respective integration endeavors. This reform is viewed as a pivotal move for state-owned major banks, enabling them to broaden their service scope and address regional financial risks effectively.
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