If the nation wants to revive, the countryside will revitalize.
Gu Shu, chairman of China Agricultural Bank Of China Limited(601288) said in his speech to the bank’s 2021 annual report that Agricultural Bank Of China Limited(601288) has always kept in mind the “big country”, unswervingly followed the road of financial development with Chinese characteristics, highlighted the two positioning of “serving the leading bank for Rural Revitalization” and “serving the main bank of the real economy”, actively responded to the country’s strategy of comprehensively promoting rural revitalization, and gave full play to its advantages in channels, funds, products, science and technology, Be a good “vanguard” in financial services and Rural Revitalization.
it should be said that serving “agriculture, rural areas and farmers” is not only the responsibility and mission entrusted to Agricultural Bank Of China Limited(601288) by the state, but also the differentiated competitive advantage of ABC 2022 on the evening of March 30, Agricultural Bank of China handed over an excellent answer sheet.
According to the financial report, in the business field of “agriculture, rural areas and farmers”, by the end of 2021, Agricultural Bank Of China Limited(601288) county financial loans amounted to 6218.3 billion yuan, accounting for 36.21% of the bank’s loans. Regardless of the loan increment, growth rate and the proportion of balance, they have reached a new high in recent ten years among them, the balance of county corporate loans (excluding bill discount) is 3368.4 billion yuan, accounting for 54.17% of county financial loans, higher than the proportion of the bank’s corporate loans in the bank’s loans. The non-performing rate of county financial loans was 1.42%, a new low in recent five years.
At the same time, the business in the key areas of Rural Revitalization has also reached the best level in history by the end of 2021, Agricultural Bank Of China Limited(601288) had loans for food security, rural industry and rural construction of 192.6 billion yuan, 1139.2 billion yuan and 1280.3 billion yuan respectively, with growth rates of 17.0%, 20.6% and 14.8% respectively, 3.8, 7.4 and 1.6 percentage points higher than the average growth rate of loans across the bank
“This year, ABC will resolutely implement the central government’s strategic deployment for comprehensively promoting rural revitalization, adhere to serving rural revitalization and promoting common prosperity as the top priority of its work, make every effort to build a leading bank for rural revitalization, and give better play to the role of the national team and main force of financial services for agriculture, rural areas and farmers.” Agricultural Bank Of China Limited(601288) president Zhang Qingsong said in the performance release.
Over the years, China’s Agricultural Bank Of China Limited(601288) has taken root in the county, based on “agriculture, rural areas and farmers” and deeply tapped the potential. It is worth looking forward to how 2022 can be “better and better”, resonate with China’s Rural Revitalization strategic plan and establish a model of “leading bank”.
tamp the foundation and stabilize the bottom line:
consolidate the achievements in poverty alleviation
the loan growth rate of poverty relief counties and key assistance counties is higher than that of the whole bank
To get rid of poverty without returning to poverty, it is indispensable to increase the income of the people who get rid of poverty in county areas and the development of characteristic industries.
With the further promotion of rural revitalization, it is more important to continue to do a good job in the effective connection between poverty alleviation and Rural Revitalization. Therefore, Agricultural Bank Of China Limited(601288) strictly implements the requirements of “four no picking”, maintains the overall stability of the bank wide financial assistance policy, vigorously supports poverty alleviation counties to consolidate and expand the achievements of poverty alleviation, and also deepens non credit assistance such as East-West bank cooperation, consumption assistance and fixed-point assistance.
On the one hand, Agricultural Bank Of China Limited(601288) focuses on 832 poverty relief counties, vigorously supports the development of modern agriculture and rural characteristic industries in poverty relief areas, rural construction, follow-up assistance projects for poverty alleviation and relocation in other places, effectively serves poverty relief areas and consolidates the results of poverty relief by the end of 2021, Agricultural Bank Of China Limited(601288) in 832 poverty relief counties, the loan balance was 1.47 trillion yuan, an increase of 182.6 billion yuan over the beginning of the year, with a growth rate of 14.2%, 1.0 percentage points higher than that of the whole bank
Meanwhile, Agricultural Bank Of China Limited(601288) defined special support policies for the 160 key Rural Revitalization assistance counties determined by the state, by the end of 2021, the loan balance in 160 key assistance counties was 266 billion yuan, an increase of 15% over the beginning of the year, 1.8 percentage points higher than that of the whole bank
While continuing to invest in the county, Agricultural Bank Of China Limited(601288) has also continued to increase its support for the majority of people out of poverty.
On the one hand, the Agricultural Bank of China (ABC) has vigorously promoted microcredit for the poverty-stricken population and various products such as “e-Loan for benefiting farmers” to support the poverty-stricken population to increase their income and become rich.
On the other hand, in cooperation with the National Rural Revitalization Bureau, the bank innovated and launched a “enriching people’s loan” loan product with pure credit, large amount, long term and preferential interest rate for ordinary farmers. By the end of 2021, it had covered all 160 key assistance counties.
In addition, in order to consolidate the achievements in poverty alleviation, it is also necessary to timely connect the inter provincial cooperation arrangements between the eastern and western parts of the country and improve the pairing assistance relationship between the eastern and western parts of the bank. ABC carried out in-depth consumer assistance actions, and directly purchased and helped sell Shenzhen Agricultural Products Group Co.Ltd(000061) 1.3 billion yuan in poverty-stricken areas, which was rated as “a typical case of national consumer assistance and Rural Revitalization” by the national development and Reform Commission. Throughout the year, a total of 4.9 billion yuan of credit funds were invested in four designated assistance counties, 59.97 million yuan of free assistance funds were invested, 44 projects such as “two worries and Three Guarantees” and rural industries and training were supported, and the amount of assistance invested reached a record high
It is understood that Agricultural Bank Of China Limited(601288) pays attention to helping poverty-stricken counties develop characteristic industries, extend the value chain of agriculture related industry chain, promote the establishment of interest connection mechanism for industries to drive poverty-stricken people to increase income and become rich, and continuously enhance the endogenous driving force for Rural Revitalization in poverty-stricken areas by the end of 2021, Agricultural Bank Of China Limited(601288) in 832 poverty relief counties, the balance of rural industrial loans was 232.3 billion yuan, an increase of 17% over the beginning of the year, 3.8 percentage points higher than the growth rate of bank wide loans
First, focus on characteristic industries in poverty-stricken areas and increase support for the development of advantageous and characteristic industries such as modern agriculture, characteristic resource development and tourism. For example, in Sichuan Province, around the characteristic industries such as tartary buckwheat and navel orange in Liangshan area, highland barley and yak in Ganzi area and tourism in Aba area, 11.27 billion yuan of industrial loans were invested.
Second, focus on the extension of the agricultural industrial chain value chain in poverty-stricken areas, vigorously support the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) processing, storage and preservation and cold chain logistics facilities in poverty-stricken areas, and improve the characteristic Shenzhen Agricultural Products Group Co.Ltd(000061) added value and market competitiveness. For example, focusing on the whole industrial chain of Shaanxi fruit industry, we innovatively launched a series of products of “Jinsui Shaanxi fruit loan”, provided a package of solutions for fruit farmers, fruit banks, leading enterprises, brokers and other industrial chain entities, and invested more than 10 billion yuan in loans.
Third, focus on the development of industrial parks in poverty-stricken areas and support the construction of various modern agricultural industrial parks, science and technology parks and industrial integration development demonstration parks according to local conditions.
identify the demand, help the weak and fill the vacancy:
increase financial support in key areas of Rural Revitalization
On the basis of consolidating poverty alleviation, ABC identified the financial needs of key areas and weak links of rural revitalization, implemented special action plans and innovated product and service models
First of all, taking serving food security as “the largest country”, ABC gave full play to the advantages of large commercial banks such as wide customer coverage, rich service means and deep involvement in industrial chain services, targeted the two keys of “seed” and “cultivated land”, and implemented the special action of financial services for national food security. By the end of 2021, the bank’s loan balance in the field of food security was 192.6 billion yuan, with a growth rate of 17%.
At the same time, we will give prominence to promoting the development of rural industries, implement the special action of financial services for the development of rural industries, and vigorously promote the high-quality and efficient development of rural industries. By the end of 2021, the balance of Agricultural Bank of China’s rural industry loans was 1.14 trillion yuan, with a growth rate of 20.6%; The credit coverage of characteristic and advantageous industrial clusters is 70%, and that of the national modern agricultural industrial park is more than 40%.
Supporting rural construction is the key area to promote the integrated development of urban and rural areas. Focusing on rural infrastructure construction, improvement of living environment and improvement of basic public services, ABC has increased medium and long-term credit support and promoted to speed up the completion of county rural infrastructure and weaknesses in people’s livelihood by the end of 2021, the balance of rural construction loans was 1.28 trillion yuan, with a growth rate of 14.8% in addition, give full play to the comprehensive service advantages of Agricultural Bank Of China Limited(601288) group, and provide diversified financial support for Promoting Rural Revitalization by investing in local government bonds, purchasing national development bonds, issuing agricultural bonds and Establishing Rural Revitalization industry fund.
high quality green development:
help “double carbon” and “agriculture, rural areas and farmers”
the growth rate of green finance loans was significantly higher than that of counties and the whole bank
To serve rural revitalization, we should also help the national “double carbon” action. The Agricultural Bank of China strongly supports the “carbon sequestration and emission reduction” of rural agriculture and implements the green development action of “agriculture, rural areas and farmers” in financial services by the end of 2021, the balance of “three rural” green credit was 759.8 billion yuan, with a growth rate of 36.2%, 19 percentage points higher than the growth rate of county loans and 5.6 percentage points higher than the growth rate of green credit of the whole bank
In terms of green development of agriculture, the Agricultural Bank of China has connected and served the 81 leading agricultural green development areas recognized by the state, and actively supported the state to promote the modern ecological circular agriculture projects in pilot provinces and cities of green planting and breeding circular agriculture. We will continue to increase support for the whole industrial chain of green agriculture, such as ecological planting and breeding, understory economy, and green agricultural and forestry product processing.
In terms of supporting the green transformation of county rural secondary and tertiary industries, ABC has increased credit support for county green parks, green factories and key enterprises with nationally recognized green products. Strengthen the green project services such as green Shenzhen Agricultural Products Group Co.Ltd(000061) trading market and beautiful leisure countryside, actively use credit services, e-commerce platforms and self-service machines and tools to improve the level of comprehensive financial services, and help improve the green Shenzhen Agricultural Products Group Co.Ltd(000061) trading capacity.
In terms of serving major national ecological strategies, ABC formulated the opinions on promoting ecological protection and high-quality development in the Yellow River Basin, increased credit in key areas of 9 provinces (regions) along the Yellow River, and made efforts to provide all-round financial support for the sustainable and high-quality development of ecology, economy and society in the Yellow River Basin. We will provide financial services for the “ten-year fishing ban” on the Yangtze River and vigorously support supporting ecological protection projects.
outlook for the future:
start the implementation of digital village project
broaden the breadth and depth of inclusive financial services
Digital finance is the general trend. In 2021, ABC took the initiative to serve the national digital village strategy, launched the implementation of the digital rural financial service project, accelerated the pace of enabling “agriculture, rural areas and farmers” financial services through science and technology, innovatively launched the rural version of mobile banking, and the number of registered customers of mobile banking in counties reached 186 million. Increase the investment of “e-loans benefiting farmers” by the end of 2021, the balance of “e-loans benefiting farmers” had reached 544.7 billion yuan, an increase of 54.1% over the beginning of the year, serving 3.68 million farmers; The balance of online loans of county legal persons was 184.4 billion yuan, with a growth rate of 63%
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Boosting the reform of rural collective property rights system and rural governance is an important starting point. In 2021, ABC developed and promoted the “three capital” management platform for rural collective funds, assets and resources, providing strong scientific and technological support for the reform of rural collective property right system and helping to improve the informatization level of rural governance by the end of 2021, it had signed cooperation agreements on the construction of “three capital” platforms with 1275 counties across the country, covering 123000 administrative villages at the same time, actively build county-level rural characteristic scenes, innovate and promote county-level “three rural” scenes such as Jiangsu Nonghua Intelligent Agriculture Technology Co.Ltd(000816) , smart market, smart medical treatment, smart education and smart property around county-level industrial development, residents’ production and life and rural public service needs, and provide convenient online comprehensive services for county-level rural customers. At present, the total number of county characteristic scenes has reached 12000.
To do a good job in rural revitalization, we need to adhere to serving the people, further sink the focus of service, and constantly expand the depth and breadth of Inclusive Finance. ABC has targeted credit services for new agricultural business entities such as large planting and breeding households, family farms and farmers’ professional cooperatives, and vigorously carried out agricultural inclusive financial services for agricultural small and micro enterprises and individual industrial and commercial households by the end of 2021, the loan balance of farmers had exceeded 2 trillion yuan, supporting 4.62 million farmers; Support more than 1.3 million family farms, and the service covers more than 1 / 3 of the total number of family farms in China; Serving 116000 rural collective economic organizations and more than 23000 village committees continue to reduce fees and transfer profits to “agriculture, rural areas and farmers” customers, implement more preferential loan interest rates for “agriculture, rural areas and farmers” county customers, and implement fee reductions such as account opening and settlement 2021, the interest rate of new County loans issued by ABC was 4.23%, a decrease of 0.07 percentage points over the previous year, a decrease of 0.05 percentage points higher than that of the whole bank
Make the beginning simple and finish the giant. There is still a long way to go in the future. “A better life depends on hard work. Looking ahead, a better picture awaits us to explore.” Gu Shu, chairman of the board, said on the occasion of new year’s day.
