Supporting Agriculture, Rural Areas, and Farmers

Having followed through the guidance of the 19th?National Congress of the CPC and all the arrangements of the Central Economic Work Conference, Central Rural Work Conference, and the National Financial Work Conference, the Bank has given full play to its key role as a policy bank in facilitating reforms of the agricultural structure on the supply side and implementing the rural revitalization strategy.

Bringing its strengths in international economic cooperation into full play, the Bank enhanced cooperation with developing countries in the agricultural sector, especially with the countries along the Belt and Road.??

The Bank helped qualified agricultural companies “go global”, through the upgrading of agricultural technology and the internationalization of the agricultural sector.?

Moreover, the Bank has explored?the supply-chain finance model for agriculture. Through lending and investment, it has ?cultivated quality agricultural enterprises and MSEs at the upstream and downstream. It has given?top priority to agricultural technologies, modern agricultural projects (such as the modern seed industry, manufacturing of agricultural machinery and equipment, facilities-related agriculture, and deep processing of agricultural products), construction projects for agricultural products export base and logistics base, and overseas cooperation projects for agricultural investment.?

By the end of 2017, the loan balance in the agricultural sector was RMB334.616 billion, a year-on-year increase of 29.8%. Such loans supported nearly 200 projects for more than 70 leading companies in agricultural industrialization. ?

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