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Is the Rural Credit Cooperative of Liu He Town, Huaiyuan County, Bengbu City, Anhui Province a state-owned bank?
No. Rural credit cooperatives belong to cooperative units, and are established with the approval of the People's Bank of China. They are rural cooperative financial institutions with democratic management and financial services. It can also be understood as a collectively owned enterprise unit. Rural credit cooperatives are not institutions, nor do they belong to the ranks of state-owned banks and state-owned enterprises.