Financial support for agro-sector urged
Print Edition
CHINA’S banking regulator yesterday urged financial institutions nationwide to channel more financial support to rural areas to help modernize the agriculture sector.
Chinese commercial banks should increase the number of loans and financial bonds they give to rural regions, the China Banking Regulatory Commission said. Agricultural infrastructure, including water conservation projects and road construction, in under developed areas will be prioritized.
China Development Bank should improve services and funding channels, strengthen medium and long-term lending, while the Postal Savings Bank of China should expand its petty loan business.
Banks will be encouraged to set up branches in rural areas and develop village and town banks. Small-loan companies and trust institutions were also urged to make their contribution. The CBRC also urged to strengthen support of major grain producing areas and help high-tech enterprises with research and development.
The central government issued a top-down central document in February, outlining that the transformation of agricultural development must be accelerated to build a strong and modernized industry.
China feeds more than a fifth of the world’s population on only 10 percent of arable land.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
