Five sectors: increase financial support for the production of grain and important agricultural products

FIFA, 16 Jun (FIFA)-- the people's Bank of China, the General Administration of Financial Supervision, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Village issued the "guidance on Financial support for comprehensively promoting Rural Revitalization and speeding up the Construction of an Agricultural Power" to increase financial support for the production of grain and important agricultural products. Centering on the new round of actions to increase grain production capacity of 100 billion jin, the project to increase per unit yield of corn and the establishment of per ton grain fields, we will strengthen the docking of financing needs such as expansion of grain production capacity, equipment transformation, and technological upgrading, so as to promote stable grain production and increase production. Focus on soybean and oil production, pig and "vegetable basket" projects, Camellia oleifera seed expansion and low-yield and low-efficiency forest transformation, and continue to increase credit. Take the purchase and sale of agricultural materials such as chemical fertilizers and pesticides as a starting point to meet the needs of the operation and development of agricultural enterprises and the working capital needs of the main body of agricultural production. We will promote the model of comprehensive financial and insurance services for the production and trusteeship of grain and important agricultural products, and promote the level of specialized and socialized services for the production of agricultural products. Financial institutions should actively participate in the business of market-oriented purchase of grain, and the Agricultural Development Bank should issue reserves and rotational loans in full and in time.