The rural credit cooperative system of Guizhou province will take the form of a "1+9" provincial and municipal two-level legal entity structure.

On December 25th, a news conference was held in Guizhou Province to deepen the reform of rural credit cooperatives. Gong Yan, deputy director and deputy secretary of the Financial Office of the Guizhou Provincial Committee and deputy head of the Financial Working Committee of the Provincial Committee, introduced at the meeting that, following the principle of "coordinated planning, overall promotion, and step-by-step implementation," this round of reforms in Guizhou Province will be carried out in two steps. The first step is to restructure the provincial credit union into the Guizhou Rural Commercial Joint Bank. The Guizhou Rural Commercial Joint Bank was approved for establishment on November 11th, approved for opening on December 9th, and officially listed on December 25th. The second step is for the Guizhou Rural Commercial Joint Bank to invest from top to bottom and promote the establishment of 9 city rural commercial banks. Gong Yan stated that the establishment of city rural commercial banks is currently progressing effectively and in an orderly manner. After the reform is completed, the rural credit cooperative system in Guizhou Province will form a new provincial and municipal two-tier legal person structure consisting of "1 rural commercial joint bank + 9 city rural commercial banks."