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Central bank adds 20 billion yuan in relending quota for agriculture
The People's Bank of China announced on the 27th that it will increase the relending quota for agriculture support by 20 billion yuan for some of its branches, guiding rural financial institutions to expand credit lending related to agriculture. A relevant official of the central bank said the move is aimed at implementing the requirement put forward at the State Council executive meeting on July 23 to "step up relending and rediscounting for agriculture and small businesses," and to improve the capacity of financial services to support "agriculture, rural areas and farmers" and other weak links in the national economy.
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Central bank deepens the development of the rural payment service environment
According to the website of the People's Bank of China, the People's Bank of China recently issued the "Guiding Opinions of the People's Bank of China on Comprehensively Promoting the Deepening of the Development of the Rural Payment Service Environment" (hereinafter referred to as the "Opinions"). A responsible person from the relevant department of the central bank stated that deepening the development of the rural payment
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80% of fertilizers bought online are fake, and farmers who lose their entire harvest can only swallow their grievances
According to statistics from the central bank, in the first half of 2014, China's online shopping users reached 350 million, each person spent an average of more than 3,000 yuan, and total online consumption reached 1.05 trillion yuan, and this figure is still somewhat conservative compared with the e-commerce companies' own data. As online consumption increases, so does
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Important Innovation in Rural Land and Financial Reform
A relevant official of the central bank explains in detail the pilot program for mortgages on the two rural rights. The Opinions focus on meeting the real demand of traditional farmers and new agricultural business entities such as family farms to revitalize the stock assets of the two rights. The Opinions propose that the pilot must be lawful and orderly, voluntary,
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Risks of Two Rights mortgage loans clarified: Central bank stresses red line on arable land must not be breached
A relevant official of the People's Bank of China answers reporters' questions on issues related to the pilot program for rural Two Rights mortgage loans. Recently, the State Council issued the "Guiding Opinions on Carrying Out the Pilot Program for Mortgage Loans on Rural Contracted Land Management Rights and Farmers' Housing Property Rights," and decided that the People's Bank
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Central Bank's Zhang Jin: Opening Up the "Last Mile" of Rural Finance
Economic Observer reporter Wu Qiaofa. The "last mile" of rural financial services remains to be opened up. Given the production characteristics of rural areas, the funds farmers need often involve problems such as small amounts, high costs, and the lack of effective collateral, which to a certain extent restricts traditional financial institutions from issuing agricultural loans, and the problem of farmers' difficulty in obtaining financing remains prominent.
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