Xinhua Zhengzhou, May 19 (Reuters) (Li) recently introduced the 2012 reform of rural credit cooperatives in Henan Province special work program requirements, the province’s county-level rural credit cooperatives stake in transformation to be basically completed before the end of the year, and strive to achieve the Bank of Agriculture and Commerce set up standards to make the county more than 10 rural credit cooperatives, and start the formation of the Central Plains of Agriculture and Commerce Bank.

statistics show that as of the end of 2011, the Henan province’s rural credit cooperatives with total assets of 589.1 billion yuan, deposit and loan balance of 470.4 billion yuan and 324.2 billion yuan, deposit and lending largest the first province of the banking industry; agriculture-related loans of 291.3 billion yuan, accounting for more than 40 percent of the province, the main force status of financial support for agriculture is increasingly consolidated.

further deepen reform, improve management quality, Henan Province, proposed in 2012 by accelerating the cleanup does not regulate the capital stock, and actively introduce various types of compliance investors, to encourage private capital shares of agricultural letter society to promote the qualification shares to the share of investment, the cooperation system to stock converted to the main content of equity transformation, and strive to the end of the investment shares of the province’s rural credit cooperatives accounted for 100%.

In addition, to increase their investment, collection of non-performing loans, high-quality asset replacement and fiscal support measures in Henan this year will also strive to make more than 10 county rural credit cooperatives to achieve the formation of the Bank of Agriculture and Commerce standards, adhere to the mature one, and the formation of one of the principle of promoting the eligible county rural credit cooperatives set up the Bank of Agriculture and Commerce.

another arrangement according to the program, Henan will be launched this year, the formation of the Central Plains of Agriculture and Commerce Bank, the formation of program development will be completed before the end of June.