China News Service, September 16th. According to the website of the China Banking and Insurance Regulatory Commission, in order to conscientiously implement the "Opinions of the Central Committee of the Communist Party of China and the State Council on Achieving the Consolidation and Expansion of Poverty Alleviation and the Effective Linkage of Rural Rejuvenation", we will speed up the complement of key national rural revitalization aids. The development of the county is weak. Recently, the China Banking and Insurance Regulatory Commission issued the "Work Plan for Supporting the National Rural Revitalization Key Counties" (hereinafter referred to as the "Plan") to make arrangements for the banking and insurance industry to support the national rural revitalization key assisting counties.
The "Plan" pointed out that bancassurance institutions should vigorously support key counties to consolidate and expand poverty alleviation results to effectively connect with rural revitalization.
Support key assist counties to develop advantageous and characteristic industries and consolidate the foundation for industrial development.
Credit allocation should focus on serving the development of the real economy and conform to the direction of industrial development.
Support insurance companies to take advantage of long-term investment of insurance funds and actively participate in the economic and social construction of key counties.
The "Plan" clearly stated that priority is given to setting up bancassurance institutions in key assisting counties.
During the transition period, the number of branches established by bancassurance institutions in key assisted counties shall be appropriately increased, and bancassurance branches established in key assisted counties shall not be revoked.
The "Plan" requires that credit support be further increased.
Efforts will be made to achieve that the average growth rate of loans in key assisted counties is higher than that of the province in which it is located, and strive to achieve the loan-to-deposit ratio of key assisted counties to reach the average level of the county in the province by the end of 2025.
Except for industries that are prohibited and restricted by the state, the interest rate of loans issued by banking institutions in key assisted counties is lower than that of other regions, and loans are encouraged to refer to the loan market quoted interest rate (LPR).
The "Plan" proposes to give full play to the role of insurance protection.
Ensure that each key assisted county has at least one special agricultural product insurance product, and encourage and guide insurance companies to appropriately reduce the policy and commercial agricultural insurance premium rates of key assisted counties.
Support insurance companies to give priority to the implementation of poverty prevention insurance in key assisted counties. The critical illness insurance and medical assistance undertaken by insurance companies should give greater policy preference to low-income groups in key assisted counties.
The "Plan" finally emphasizes that the bancassurance supervision department should establish a "green channel" to support bancassurance institutions to set up branches in key assisted counties, and can appropriately relax the qualification requirements for the heads of insurance branches in key assisted counties.
Further increase the tolerance of non-performing loans in key assisted counties, and urge banking institutions to implement due diligence requirements.
The bancassurance supervision department and the bancassurance institution shall formulate work plans and implementation plans to support key counties, make overall coordination, consolidate responsibilities, and promote the implementation of work.
In the next step, the China Banking and Insurance Regulatory Commission will earnestly do a good job in the implementation of the "Plan", give full play to the role of financial support, help key counties to continuously consolidate and expand the results of poverty alleviation, and comprehensively promote rural revitalization.