The CBRC focuses on supporting the main body of agricultural scale operation

Centering on the requirements of the General Office of the State Council on some opinions on the Development of Financial Services for Agriculture, Countryside and Farmers, the China Banking Regulatory Commission recently issued two guiding opinions successively: "Finance supports agricultural large-scale production and intensive management" and "promoting basic financial services". It is required to take the main body of agricultural scale operation as the focus of financial support, and further promote the extension of basic financial services to administrative villages. We will strive to achieve "village-to-village access" to basic financial services in administrative villages in three to five years.

At present, China's agriculture has entered a new stage of accelerated transformation from the decentralized management of traditional farmers to a new management system that combines intensive, specialized, organized and socialized management. Therefore, the CBRC requires that, on the basis of continuing to do a good job in peasant household services, we should focus on supporting agricultural scale operators such as joint household operations, professional large households, family farms, farmers' cooperatives, and so on, which meet the requirements of scale, specialization and standardization. The key service areas focus on industrial projects, agricultural infrastructure, and the circulation of agricultural products, including agricultural science and technology, modern seed industry, agricultural machinery and equipment manufacturing, cultivated land consolidation, irrigation and water conservancy, and wholesale market construction.

The "opinion" points out that all kinds of rural financial institutions should form a mechanism for division of labor and cooperation. The Agricultural Development Bank should strengthen the function of policy-oriented financial services and increase medium-and long-term credit support for agricultural development and rural infrastructure construction; rural credit cooperatives should further strengthen the capacity building of supporting agricultural services and give better play to the main role of supporting agricultural services; rural banks should adhere to the specialization of management and the differentiation of services, and strengthen financial services to rural communities and small and micro enterprises.

At the same time, the CBRC proposed to consolidate the channel foundation of "village-to-village access" by means of extending services at township outlets, building simple convenience outlets, and setting up electronic equipment. And strengthen the use of technology, make full use of Internet financial technology, cooperate with network communication operators, and make use of fixed telephone, Internet, mobile communication networks, etc., to break through the "last kilometer" restriction that manpower and networks cannot reach.

According to the person in charge of the CBRC, the current risk control of agriculture-related loans is good. As of the end of June, the non-performing loan ratio of agriculture-related loans of banking financial institutions was 2.3%.