On February 17, 2022, CBRC spokesman Zhang Zhongning said at the regular press conference of the banking and insurance industry that the supervision has always attached great importance to agricultural and rural production and spring ploughing preparation, guided banking and insurance institutions to do a good job in ensuring food security and agricultural and rural production financial services, focusing on improved seed breeding, high standard farmland construction, spring ploughing preparation, agricultural machinery and equipment Customized differentiated support measures for the whole industrial chain such as grain circulation, collection, storage and processing.
According to relevant statistics, by the end of 2021, the balance of agriculture related loans was 432100 yuan, including 4.57 trillion yuan of agriculture, forestry, animal husbandry and fishery loans, 2.71 trillion yuan of circulation 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.
Agricultural Development Bank: issued 70 billion yuan of loans for spring ploughing preparation
Zhan Dongsheng, President of the Agricultural Development Bank of China, said that the bank planned the overall situation by serving the Rural Revitalization Strategy, and gave top priority to serving national food security and important Shenzhen Agricultural Products Group Co.Ltd(000061) stable production and supply. By the end of 2021, the bank had granted 2.34 trillion yuan of loans, including 750 billion yuan of grain and important Shenzhen Agricultural Products Group Co.Ltd(000061) loans.
According to Zhan Dongsheng, as of February 10, the bank had issued a total of 70 billion yuan of spring plowing preparation loans, an increase of 42.1 billion yuan year-on-year, opening up a green channel for loans to ensure that loans were in place in time. In terms of the credit plan in 2022, the Agricultural Development Bank of China expects to invest no less than 100 billion yuan in agricultural land loans, 20 billion yuan in investment and loan linkage to support the revitalization of the seed industry, no less than 20 billion yuan in loans for the supply of agricultural materials such as chemical fertilizers, pesticides and agricultural machinery, and no less than 20 billion yuan in loans for the “vegetable basket” project, so as to lay a good foundation for ensuring grain and important Shenzhen Agricultural Products Group Co.Ltd(000061) supplies.
Agricultural Bank of China: it plans to invest 150 billion yuan in spring tillage preparation loans
Zhang Qingsong, President of China’s Agricultural Bank Of China Limited(601288) , said that the spring ploughing preparation has reached a critical period. Recently, Agricultural Bank Of China Limited(601288) issued a notice, setting specific requirements for the financial services of spring ploughing preparation. In terms of ensuring the supply of credit for spring ploughing preparation, ABC plans to issue 150 billion yuan of spring ploughing preparation loans and more than 100 billion yuan of loans in key grain fields this year. At the same time, the Agricultural Bank of China has also made the financial services for spring farming preparation in poverty-stricken areas a key work, giving priority to ensuring the loan scale of 832 poverty-stricken counties, especially 160 key national assistance counties. We will increase microcredit support for people who have been lifted out of poverty and consolidate the results of poverty eradication.
Relevant data show that by the end of 2021, Agricultural Bank Of China Limited(601288) the microfinance balance of the people out of poverty had reached 12.7 billion yuan, and the number of loan households had reached 320000. In cooperation with the National Rural Revitalization Bureau, the bank innovatively launched the “enriching people’s loan” online loan product, which is free of mortgage and guarantee. The loan term can reach up to 5 years and the maximum amount can reach 200000 yuan.
Zhang Qingsong stressed that Agricultural Bank Of China Limited(601288) will also focus on financial support in the field of seed industry in 2022. Focusing on key areas such as seed resource protection, breeding innovation, seed base construction and poverty alleviation of seed enterprises, we will increase financial support through a variety of skills, tools and means, and strive to increase the new scale of credit and direct investment funds in the seed industry by more than 10 billion yuan in 2022.
China Agricultural re: it is expected to provide risk protection of more than 1 trillion yuan
Guo Li, general manager of China Agricultural Reinsurance Company, said that China Agricultural Reinsurance Company is positioned as the foundation and core of the agricultural catastrophe risk dispersion mechanism supported by finance. Its basic function is to disperse the agricultural catastrophe risk, promote the establishment and overall management of the catastrophe risk fund of national agricultural insurance, strengthen the sharing of agricultural insurance data and information, and undertake relevant national policies to support and benefit agriculture.
Guo Li said that focusing on the main responsibility and main business of agricultural reinsurance, China agricultural reinsurance company has arranged the risk guarantee in 2022 in advance before the start of spring farming, signed a sharing agreement with all agricultural insurance underwriting institutions, and fully supported the underwriting institutions to provide more underwriting capacity for agricultural production in spring, It is expected to provide more than 1 trillion yuan of risk protection.
According to reports, as of February 16, China Agricultural Reinsurance Company provided more than 95 billion yuan of agricultural risk protection for 2.26 million farmers, and supported the agricultural insurance industry to underwrite 640 million mu of cultivated land, 1.26 billion livestock and poultry and 290 million mu of forest.
