China's spring plowing preparations have entered a critical period.
Zhang Qingsong, president of the Agricultural Bank of China, said at a press conference of the China Banking and Insurance Regulatory Commission on February 17 that the bank will make every effort to ensure the supply of credit for spring ploughing.
Focusing on key areas such as large grain growers, agricultural machinery and material production and supply, grain processing and circulation, and agricultural infrastructure construction, the company will fully meet the credit needs for spring ploughing preparations in various regions. More than 100 billion yuan in loans to key areas of grain.
In addition, focusing on key areas such as germplasm resource protection, breeding innovation, seed industry base construction, and seed industry enterprise support, ABC will increase financial support through a variety of financial tools and means, and strive to provide credit and direct access to seed industry in 2022. More than 10 billion yuan of investment capital will be invested.
(produced by Wang Enbo Xu Miaoqiao)
Responsible editor: [Wang Shanshan]