Financial support consolidates rural revitalization and builds a modern rural industrial system

On June 30, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, and the Rural Revitalization Bureau jointly issued the "Opinions on Financial Support to Consolidate and Expand the Results of Poverty Alleviation and Comprehensively Promote Rural Revitalization."

The "Opinions" propose that financial institutions should focus on consolidating and expanding the results of poverty alleviation, increasing the allocation of financial resources to key counties supporting national rural revitalization, and strengthening the support of important agricultural products such as grains. Financing guarantee, establishing and improving the financing support system for seed industry development, supporting the construction of a modern rural industrial system, increasing investment in green development of agriculture and rural areas, studying effective models to support rural construction actions, and providing comprehensive financial services for integrated urban and rural development. increase investment in financial resources in key areas.

The "Opinions" integrate and optimize the original financial targeted poverty alleviation products and financial agricultural products, and loan products in the field of people's livelihood, including small credit loans, industry-driven loans, loans for new agricultural business entities, loans in the field of people's livelihood, Focusing on ten types of financial products such as rural asset mortgage and pledge loans, agricultural and rural infrastructure construction loans, and insurance products, we will give full play to the synergy of financial sub-markets such as credit, bonds, equity, futures, and insurance to enhance the pertinence and operability of policies.

The "Opinions" put forward clear requirements for banking financial institutions to improve their service capabilities, urging banking financial institutions to improve rural financial organizational systems, improve internal resource allocation and policy arrangements, and strengthen financial technology empowerment.

At the same time, the "Opinions" clarify that we will continue to improve rural areas by promoting the construction of the rural credit system, improving the rural payment service environment, promoting savings treasury bonds to the countryside, carrying out financial knowledge publicity and education, and protecting the rights and interests of financial consumers. Basic financial services, optimizing the rural financial ecological environment, and strengthening incentives and constraints for banking financial institutions through measures such as financial support, fiscal and tax incentives, risk sharing, assessment and evaluation, and regulatory constraints.