Trillion yuan rural commercial bank absorbs merger and again appears, consolidation of rural banks accelerates.

The pace of reform and reorganization of rural banks is accelerating. Recently, the Guangdong Financial Regulatory Bureau approved the merger of Guangzhou Rural Commercial Bank and Xingning Zhujiang Rural Bank. In addition, this year, cases of mergers and reorganizations involving state-owned large banks and rural commercial banks participating in rural bank mergers have been frequent. Industry insiders believe that, under the dual promotion of policy guidance and the development momentum of banks themselves, including small and medium-sized banks such as rural banks are ushering in a new round of consolidation. They are enhancing their risk resistance and regional competitiveness through "reducing quantity and improving quality".