On December 15, the Guizhou Financial Regulatory Bureau issued approval document No. 176 (2025), officially approving the opening of Guizhou Rural Commercial United Bank. This marks a crucial step in the reform of Guizhou's rural credit cooperatives.
The provincial financial institution was restructured from the former Guizhou Provincial Rural Credit Cooperatives Union. After nearly five months of preparation, it was established with a registered capital of 10.458 billion yuan. The new bank will assume all debts and obligations of the former provincial union.
As a "new leader" in Guizhou's rural finance sector, Guizhou Rural Commercial United Bank primarily serves local financial needs. According to the approval, the bank will focus on three core businesses: handling or acting as an agent for fund clearing and settlement within the Guizhou rural commercial banking system; participating in capital markets to facilitate financing for the system; and organizing fund allocation among Guizhou's rural commercial banks. It will also undertake other financial services approved by regulators.
Major investors include the Guizhou Provincial Finance Department, Guizhou Financial Holding Group, and Kweichow Moutai Group. Notably, Kweichow Moutai invested 1 billion yuan, becoming the third-largest shareholder alongside QianSheng State-Owned Assets. The specific shareholding structure is as follows: - Guizhou Provincial Finance Department: 1.572 billion yuan (15.032% stake) - Guizhou Financial Holding (Guizhou Guimin Investment Group): 6.886 billion yuan (65.844% stake, largest shareholder) - Kweichow Moutai Group: 1 billion yuan (9.562% stake) - QianSheng State-Owned Assets: 1 billion yuan (9.562% stake)
The management team has also been finalized. The approval confirmed the qualifications of board members and senior executives, including Chairman Yang Song, Vice Chairman Yang Hongjun, and President Yang Hongjun.
Guizhou's rural financial institutions trace their origins to 1952 when the first rural credit cooperative was established in Yuantiang Township, Tongzi County, Zunyi. In 2003, following national reforms, Guizhou established one of China's earliest provincial rural credit cooperatives unions.
Currently, Guizhou's rural credit system comprises the provincial union and 84 rural commercial banks (or credit unions), with 2,293 branches and approximately 28,000 employees. As of October 2025, the system's total assets reached 1.1591 trillion yuan, with deposits and loans ranking first among provincial banking institutions.
The establishment of Guizhou Rural Commercial United Bank represents a key milestone in the province's rural credit reform. Since Zhejiang took the lead in establishing a provincial united bank in April 2022, multiple provinces including Liaoning, Shanxi, and Sichuan have followed suit. Guizhou is the sixth province to approve such a bank in 2025, following similar moves by Henan, Jiangsu, Jiangxi, Inner Mongolia, and Jilin. Xinjiang's rural commercial bank received preparatory approval in November 2025 and awaits opening.
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