Agricultural Bank of China to Use Big Data Analytics to Help with Farm Loan Distribution

Agricultural Bank of China Ltd, the third largest commercial lender by assets in China, deepened its application of big data analytics to the online offering of loans without collateral to farmers, to improve risk control and reduce costs. “We innovate online financing products based on data analysis by digging into our clients’ financial assets data,

Agriculture-related Loans Topped CNY 28 Trillion at the End of 2016

Chinese banks strengthened financial support for agriculture, small-and-micro enterprises and affordable housing projects last year. Outstanding agriculture-related loans stood at 28.2 trillion yuan (about 4.1 trillion U.S. dollars) at the end of 2016, up 7.1 percent year on year, according to a statement posted on the website of the China Banking Regulatory Commission. Outstanding loans

Agricultural Development Bank of China Invests Billions into China’s Rural Sector in Early 2016

The Agricultural Development Bank of China (ADBC) provided more financial support to China’s agriculture and rural development in the first quarter. The major policy bank poured in 380.5 billion yuan (58.5 billion U.S. dollars) to support agriculture, rural areas and farmers in the first quarter, double the amount in same period last year, it said…Full

China to Allow Farmers to Use their Contracted Land and Homes as Collateral For Loans

Chinese farmers will soon be allowed to use their management rights over contracted land and their homes as collateral for bank loans. The trial programs, announced by the State Council on Monday [24 August 2015], are an attempt to revitalize rural land assets, increase the investment in long-term and large-scale agricultural projects, and raise farmers’

China Extends Tax Breaks and Small Loans Privileges to Aid Farmers and Modernize its Agriculture Sector

China will extend tax breaks on Wednesday [3 December 2014] to encourage banks and insurers to support agriculture. “The continued preferential policy is critical to food security, increasing farmers’ incomes and modernizing the sector,” said a statement released after a cabinet meeting chaired by Chinese Premier Li Keqiang. Bank’s interest revenues from small loans to

Chinese Looks to Modernize its Agriculture Sector by Easing Restrictions on Access to Finance

China will offer customized financial services to new farming practices to push agricultural modernization, China’s central bank said on Friday [21 February 2014]. Financial institutions should give more credit support to innovative farming entities such as family farms and agricultural cooperatives by adjusting loan rates, maturity length and collateral, according to a statement released by