Qingdao Rural Commercial and Shandong Rural Commercial are one family. Qingdao Rural Commercial Bank is a joint-stock commercial bank established by introducing external investment on the basis of restructuring and reorganization of Qingdao Rural Credit Cooperative Association and rural cooperative banks and credit cooperatives in eight districts and cities of Qingdao, with a registered capital of 5 billion yuan and 335 outlets within its jurisdiction. After the establishment of Qingdao Rural Commercial Bank, it marks that the rural credit cooperatives with a history of 60 years will be transformed to a new height.

Introduction of rural businessmen in Shandong Province

Rural commercial banks are not state-owned enterprises, but joint-stock commercial banks. Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations. Rural commercial banks (formerly rural credit cooperatives) are an important part of China's financial system and the main form of cooperative financial organizations.