Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Policy

China to step up financial services for new agricultural businesses

May 25, 2021


Abstract : Chinese financial and agricultural authorities have demanded efforts to improve financial services for new types of agricultural business entities amid the country's push for rural vitalization and agricultural and rural modernization.

BEIJING, May 25 (Xinhua) -- Chinese financial and agricultural authorities have demanded efforts to improve financial services for new types of agricultural business entities amid the country's push for rural vitalization and agricultural and rural modernization.

The rural inclusive financial reform experiments will be expanded, while pilot zones for financial service supporting rural vitalization will be built, according to a document jointly released by the People's Bank of China (PBOC), the central bank and five other government departments.

New types of rural business entities such as family farms and farmers' cooperatives have gradually become a vital force in ensuring farmers' income growth, the supply of agricultural products and the transformation and upgrading of the agricultural sector, it said.

The document has specified requirements on strengthening information sharing, promoting the development of credit loans, the innovation of exclusive financial products and services and expanding and diversifying financial channels, as well as improving agricultural insurance service, among others.

Financial services for new types of rural businesses will be taken into account in assessing the financial institutions' service performance on rural vitalization, according to the document.

The PBOC said it will next work closely with relevant departments, local governments and the financial system to promote industrial integration in rural areas and improve the quality, efficiency and competitiveness of the agricultural sector. Enditem

Scan the QR code and push it to your mobile phone

Keyword: rural vitalization agricultural business

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial