People's Bank and Other Departments: Encourage Local Exploration of Establishing Agricultural Facilities and Livestock Certification, Registration, and Management Systems

Grandon News July 24 | The People's Bank of China, the Ministry of Agriculture and Rural Affairs, issued a notice titled "Opinions on Strengthening Financial Services for Rural Reforms and Promoting Comprehensive Revitalization of Rural Areas" to improve the financial services system, encourage local exploration of establishing agricultural facilities and livestock certification, registration, and management systems, expand the coverage of mortgage financing, and promote the utilization of rural resources assets. Strengthen credit risk management for financial institutions, optimize the financial supply mechanism. Enhance policy support and organizational promotion, comprehensively applying monetary and credit policies to encourage financial institutions to issue "three agricultural", small and micro, green specialty bonds, support eligible enterprises in issuing rural revitalization bonds, increase funding injections into the rural revitalization sector. Strengthen risk compensation, loan subsidies, and incentive awards, and utilize these methods to promote the development of government-backed financing guarantees, supporting various types of agricultural operators.