Four Departments: Strengthen the allocation of financial resources in key areas, supporting the enhancement of comprehensive agricultural production capacity and quality efficiency

The People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the Ministry of Agriculture and Rural Affairs issued the “Opinions on Coordinating the Establishment of a Normalized Financial Support Mechanism to Help Prevent and Alleviate Poverty and Promote Rural Revitalization.” It emphasizes strengthening financial resource investment in key areas, supporting the enhancement of comprehensive agricultural production capacity and quality efficiency. It calls for improving financial services for grain and oil production, supporting the improvement of comprehensive agricultural production capacity and quality efficiency. Developing supply chain financial service scenarios such as accounts receivable financing to meet the financial needs of the entire agricultural industry chain and expanding financial supply for county-level wealth-creating industries. Increasing long-term investment in rural infrastructure construction, supporting the integrated development of agriculture, culture, and tourism. It stresses strengthening financial service capacity building and improving the financial organizational system. Deepening the implementation of financial technology-enabled rural revitalization demonstration projects, promoting the widespread application of emerging payment methods such as mobile payments, continuously carrying out the evaluation of “Trust Users, Trust Villages, Trust Towns,” and new agricultural business entities, and consolidating rural basic financial services.