On September 14, the Sichuan Regulatory Bureau of the State Administration of Financial Supervision and Administration issued a centralized approval, agreeing that four agricultural commercial banks, including Luxian County, Hejiang, Xuyong, and Gulin, were dissolved due to the absorption and merger of the Luzhou Agricultural Commercial Bank; the four businesses, assets, debts, and debts were taken over by the merged Luzhou Agricultural Commercial Bank, and the financial licenses were repaid and their legal personality cancelled. On the same day, another approval issued by the Sichuan Financial Supervisory Authority showed that the Sichuan Agricultural Commercial Bank purchased 286.2 million shares of Luzhou Agricultural Commercial Bank and held 420.7 million shares after completion, accounting for 10.56%. The supervision requires the Luzhou Agricultural Commercial Bank to optimize the shareholding structure, strictly control related transactions, and improve governance and internal control. The reporter noticed that after the number of agricultural and commercial banking institutions at the county level is reduced to zero, what really needs to be tested is how provincial banks can influence municipal banks through shares starting at 10%, and how can municipal banks turn the former county-level banks into branches that can be risk-controlled, sinking, and accountable.

On September 14, the Sichuan Regulatory Bureau of the State Administration of Financial Supervision and Administration issued a centralized approval, agreeing that four agricultural commercial banks, including Luxian County, Hejiang, Xuyong, and Gulin, were dissolved due to the absorption and merger of the Luzhou Agricultural Commercial Bank; the four businesses, assets, debts, and debts were taken over by the merged Luzhou Agricultural Commercial Bank, and the financial licenses were repaid and their legal personality cancelled. On the same day, another approval issued by the Sichuan Financial Supervisory Authority showed that the Sichuan Agricultural Commercial Bank purchased 286.2 million shares of Luzhou Agricultural Commercial Bank and held 420.7 million shares after completion, accounting for 10.56%. The supervision requires the Luzhou Agricultural Commercial Bank to optimize the shareholding structure, strictly control related transactions, and improve governance and internal control. The reporter noticed that after the number of agricultural and commercial banking institutions at the county level is reduced to zero, what really needs to be tested is how provincial banks can influence municipal banks through shares starting at 10%, and how can municipal banks turn the former county-level banks into branches that can be risk-controlled, sinking, and accountable.