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The reform and risk mitigation efforts of small and medium-sized financial institutions have significantly accelerated within the year, marking notable progress in the 'streamlining and strengthening' of rural banks. As of July 9, 2025, a total of 84 rural banks have officially been approved for dissolution, representing a substantial increase compared to previous years. The majority of these institutions have been absorbed and merged into city commercial banks and rural commercial banks, transforming into branches. This reform has seen several 'firsts,' including cross-provincial 'conversion of villages into branches,' 'conversion of villages into subsidiaries,' and, for the first time, the participation of state-owned banks in the merger and reorganization process.
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