Reform of small and medium-sized financial institutions is continuing - more than 70 rural banks have been approved for dissolution this year.

Reform of small and medium-sized financial institutions continues. Recently, a "village merger" case reappeared in the Tianjin area - Tianjin Huaming Rural Bank absorbed and merged with Tianjin Ninghe Rural Bank, and the latter was transformed into a branch, both initiated and established by Shandong Shouguang Rural Commercial Bank. "Village mergers", "village branch transformation", and "village support transformation" cases frequently occur, and the integration and restructuring methods of rural banks are becoming increasingly diverse in order to promote the risk resolution of small and medium-sized financial institutions in rural areas. According to Securities Times reporters, as of April 20th, more than 70 village banks have been approved for dissolution this year. At the same time, including state-owned banks, joint-stock banks, and others, multiple banks are accelerating their "absorption" of their village banks, with some banks having already achieved "zero" in terms of the number of village banks established.