On February 17, at the 280th regular press conference of the banking and insurance industry, Zhang Zhongning, deputy director of the general office of the China Banking and Insurance Regulatory Commission, said that by the end of 2021, the balance of agriculture related loans was 43.21 trillion yuan, including 4.57 trillion yuan of loans for agriculture, forestry, animal husbandry and fishery, 2.71 trillion yuan of circulating loans for agricultural materials and agricultural and sideline products, and 1.2 trillion yuan of Shenzhen Agricultural Products Group Co.Ltd(000061) processing loans. The balance of inclusive agriculture related loans was 8.88 trillion yuan, an increase of 17.48% over the beginning of the year, 6.18 percentage points higher than the average growth rate of various loans. Among them, the balance of operating loans for farmers with a single credit of less than 5 million yuan was 6.07 trillion yuan, an increase of 16.47% over the beginning of the year.
The cbcirc said that in the next step, it will thoroughly implement the spirit of the central economic work conference and the central rural work conference, guide the banking and insurance industry to continuously deepen the reform and innovation of rural financing, actively respond to the needs of comprehensively promoting rural revitalization, and make every effort to serve agricultural and rural production and prepare for spring farming.
