The first provincial-level rural commercial bank to be approved for opening this year! Gansu Rural Commercial Bank has a registered capital of nearly 45 billion yuan.

On March 20, the Gansu Regulatory Bureau of the China Banking and Insurance Regulatory Commission issued a approval to Gansu Rural Commercial Bank Co., Ltd. The bank has a registered capital of 44.919 billion yuan and is located in Lanzhou City, Gansu Province. The percentage of shareholding by natural persons and legal entities is 26.99% and 73.01% respectively, with Gansu Jingong Group as the largest shareholder. The approval also confirmed the qualifications of the bank's directors and senior management. In addition, the regulatory approval resulted in the dissolution of 66 institutions, including the Gansu Rural Credit Union, with their assets and liabilities being transferred to Gansu Rural Commercial Bank Co., Ltd.