[industry insiders: promoting the reform of the rural credit system plays an important role in improving the capacity of rural financial services and defusing local financial risks] the Financial Associated Press, after years of gestation, has ushered in new progress in the establishment of provincial agricultural commercial banks jointly with provincial institutions in Hainan Province. Recently, the website of the Hainan Provincial Associated Press shows that on the basis of the Hainan Associated Press and various city and county associations, a new merger has been adopted to form the Hainan Rural Commercial Bank. China Securities News reporter combed and found that since last year, the pace of reform of rural credit cooperatives has accelerated, and provincial agricultural commercial banks and provincial agricultural commercial banks have been set up in many places. Industry insiders said that promoting the reform of the rural credit system plays an important role in improving the capacity of rural financial services and defusing local financial risks. (China Securities News)