Village and town banks – part of the future?

• Published 01 Jul 2010

A regulatory boost in May this year may help the roll-out of village and town banks meet ambitious targets.

By the end of 2009, there were a total of 43 rural commercial banks, 196 rural co-operative banks and 3,056 rural credit co-operatives, which together are regarded as traditional rural financial institutions. However, more than 1,000 villages and towns across China are still unserved by any formal financial institution.

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