Bank of China Fu Deng Rural Bank was established by Bank of China in cooperation with Fu Deng Financial Holding Company under Temasek. Since 20 1 1, China Bank has cooperated with Fu Deng Finance to set up village banks on a large scale. 20 1 1 In March, BOC Fu Deng Rural Bank opened its first rural bank in Qichun, Hubei. By the end of June 20 18, BOC Fu Deng Rural Bank had set up 100 rural banks and 19 sub-branches in19 provinces (municipalities directly under the central government), of which the central and western regions accounted for 76% and the national poverty-stricken counties accounted for 33%, which was a domestic institution. Bank of China Fu Deng Rural Bank has formulated financial services and credit processes suitable for small and micro enterprises and customers of agriculture, countryside and farmers, and developed more than 60 kinds of small and micro agriculture-related products in category 14, serving more than 1.6 million customers and providing loan services for more than 1.3 million customers.
In order to actively implement the national policy of "agriculture, countryside and farmers" and solve the financing problem of small and micro enterprises, Bank of China cooperated with Fu Deng Financial Holding Company, a subsidiary of Singapore Temasek. With the help of China Bank's brand and resource advantages and Fu Deng's financial experience, we started to set up village banks on a large scale and in batches from 20 1 1, actively explored the way for large banks with China characteristics to develop microfinance, and strived to support the county real economy. Solve the financing problem of small and micro enterprises and "three rural" customers, strive to fill the financial vacancy in rural areas, help rural residents achieve rapid income growth and help community residents realize their dreams.
On the basis of drawing lessons from international advanced experience, BOC Fu Deng made bold innovations according to local conditions, and formed a unique investment management model for rural banks, including six innovations: First, the layout planning of "batch", "scale", "standardization" and "intensification" made up for the weak links of county financial services and helped the rapid growth of county economy; Second, innovative credit mechanism and localized financial products are suitable for rural market; Third, grasp the difficulties of rural financial management and establish a reasonable and effective cost and risk control mechanism; Fourth, make a brand-new talent training and development plan to meet the needs of large-scale network expansion; Fifth, based on the world-class technical service system, realize modern rural finance; Sixth, practice corporate social responsibility with heart and strive to create a harmonious community environment.