Due to absorption and merger, three rural banks have been approved for dissolution.

The reply issued by the China Banking and Insurance Regulatory Commission website on September 29th shows that the Hainan Financial Regulatory Bureau has approved the Hainan Rural Commercial Bank to merge with Hainan Changjiang Rural Bank Limited, Hainan Qiongzhong Changjiang Rural Bank Limited, and Hainan Chengmai Changjiang Rural Bank Limited, and to assume the assets, liabilities, business, and other rights and obligations of the three rural banks after the verification of their assets and liabilities. The other approvals issued by the Hainan Financial Regulatory Bureau on the same day show that the above three rural banks are approved to be dissolved. Hainan Rural Commercial Bank was established through the merger of the original Hainan Province Rural Credit Cooperative Union and 19 municipal and county legal person rural credit cooperatives. It was established in a new way as a local legal person bank in accordance with the unified legal person model reform of the whole province. Hainan Rural Commercial Bank, which began operations in May 2024, has a registered capital of 22 billion yuan. As of the end of 2024, the bank had a deposit balance of 330.35 billion yuan, a loan balance of 195.686 billion yuan, and total assets of 382.647 billion yuan.