Shanghai Rural Commercial Bank Co., Ltd., hereafter referred to as "SHRCB", was established on August 25, 2005. It is a state-owned corporate bank headquartered in Shanghai, and the first provincial-level commercial bank from the joint-stock reform of rural credit cooperatives in China.
The origins of rural credit cooperatives in post-liberation Shanghai can be traced back to the establishment of the Zhenru District Credit Cooperative in the winter of 1949.
In June, the Shanghai Branch of the People's Bank of China initially established a credit department within the original Hongqiao Supply and Marketing Cooperative. Subsequently, in October of the same year, three credit mutual aid groups were piloted in the Heping Village and Xuemu Village of Longhua Township, and the Taiping Village of Zhenru Township. This initiative gradually expanded from isolated cases to a wider scale. In October 1954, the first rural credit cooperative in the suburbs, Guan'nan Township Rural Credit Cooperative, was established in the original Dachang District.