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Agriculture Bank’s Agricultural Loan Breaks 3 Trillion RMB

On March 27th, the reporter learned from the Agricultural Bank of China that as of the end of 2017, the balance of agriculture-related agricultural loans reached 3.08 trillion yuan, an increase of 358.6 billion yuan over the beginning of the year. Zhao Huan, governor of the Agricultural Bank of China, said that in 2017, Agricultural Bank of China has achieved new breakthroughs in serving “agriculture, rural areas and farmers”. In the future, the Agricultural Bank of China will further serve the strategy of rejuvenating rural areas. Green finance and inclusive finance will be the focus of ABC’s asset allocation.

The relevant person in charge of the Agricultural Bank of China stated that as a state-owned large-scale commercial bank for “agriculture, countryside and farmers”, comprehensively doing a good job of financial services for rural development is not only a must for the Agricultural Bank to fulfill its good political responsibilities, but also to accelerate business development and consolidate the differentiation of “agriculture, rural areas and farmers”. A rare historical opportunity for competitive advantage. With the accelerating development of agricultural and rural infrastructure, the integration of rural secondary and tertiary industries, the reform of the rural property rights system, and the transformation of rural and rural areas, the rural financial services sector will extend many new forms of business, new players, and new demands, and will do a good job for the Agricultural Bank of China. “Agriculture, rural areas and farmers” have expanded their financial services.

It is understood that in order to better serve the strategy of rejuvenating the countryside, the party committee of the Agricultural Bank of China has conducted detailed and in-depth research. At present, the top-level design of the rural revitalization strategy of the Agricultural Bank of China has been completed.

It is reported that in 2018, the Agricultural Bank of China will be guided by the strategy of serving rural revitalization. It will initiate the implementation of services to integrate the rural industry, the reform of the rural property rights system, the national food security strategy, poverty alleviation, the beautiful livable villages, the county happiness industry, and the “three rural” green finance. Development and other “seven actions” will further increase the “three rural” financial services, strengthen the protection of policy resources, and strive to serve as the main bank and leader in serving the country’s revitalization strategy. The Bank will endeavor to create a new era in serving the “three rural issues” with a new era of new weather.

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