The People's Bank of China Hainan Branch and six other departments issued the "Implementation Opinions on Financial Support for Hainan to Comprehensively Promote Rural Revitalization and Accelerate the Construction of an Agricultural Powerful Province"

01
Improve the level of financial services for grain production and stable production and supply of important agricultural products, and help ensure food security.

Provide financial services for grain production and storage

Increase financial services for the entire grain industry chain, provide supporting credit and insurance services for grain planting, storage, processing, distribution, warehousing and other links, ensure the smooth operation of the industrial chain and supply chain, and support stable grain production and growth. Encourage the Hainan Branch of the Agricultural Development Bank of China to create a "grain bank" brand and issue local grain and oil reserves and rotation loans.

Increase financial guarantees for important agricultural products

Strengthen financial services for the "vegetable basket". Give full play to the positive role of vegetable price index insurance, greenhouse vegetable insurance, vegetable income insurance, and affordable vegetable retail insurance in ensuring supply and stabilizing prices, and support the stable supply of affordable vegetables at the planting and sales ends. Increase credit supply and insurance service innovation, and encourage banking and insurance institutions to strengthen product and service model innovation.

Strengthen financial support for high-standard farmland and water conservancy infrastructure

Increase credit support for upgrading and upgrading high-standard farmland reconstruction projects and soil fertility improvement projects, encourage banking institutions to provide long-term and stable financing support for the construction of small farmland water conservancy projects such as efficient water-saving irrigation and photoelectric water control, and strengthen financial support for high-standard farmland and water conservancy infrastructure.

Continue to strengthen financial support for the revitalization of the seed industry

Encourage financial institutions to focus on the construction of "one city, two places and three parks", actively connect with the financing needs of the construction of Nanfan Science and Technology City, Nanfan Research and Breeding Base, and Global Animal and Plant Germplasm Resources Introduction Transit Base, focus on the modern service industry of Nanfan Research and Breeding, explore convenient registration procedures for new plant variety rights (certificates), expand the application of breeding and seed production facilities and equipment in mortgage, explore credit models such as "Nanfan '" and innovate and develop exclusive credit products, provide differentiated services for scientific and technological research and development throughout the life cycle, and help the development of "integration of breeding, breeding and promotion".

Provide financial services for building a diversified food supply system

Encourage financial institutions to enrich the types of biological asset mortgage credit products, and help build a diversified food supply system that integrates grain, economy and feed, combines agriculture, forestry, animal husbandry and fishery, and promotes both plants, animals and microorganisms.

02
Strengthen financial support for agricultural science and technology equipment and green development, and empower agricultural innovation and development.

Provide financial services for agricultural science and technology innovation

Encourage the Hainan Branch of the China Development Bank and the Hainan Branch of the Agricultural Development Bank of China to strengthen support for major agricultural science and technology innovation, and increase credit support for key agricultural core technology research and development and modern agricultural industry technology systems. Support commercial banks to enrich comprehensive financial services for agricultural science and technology, introduce exclusive financial service plans and products, and specifically support the promotion and application of modern agricultural science and technology innovation, the construction of agricultural science parks, the construction of agricultural science and technology innovation platforms, the innovation-driven development of counties, the cultivation of new agricultural research and development institutions, and the growth of agricultural science and technology enterprises.

Innovate the financial service model for facility agriculture and agricultural machinery equipment

Encourage banking institutions to actively participate in the construction of the Sanya Nanfan Breeding Full Mechanization Research Center and the Danzhou International Tropical Agricultural Machinery Research and Development Center, and provide special financing services. Support banking institutions to actively expand the scope of agricultural assets as collateral, explore the development of sea area use rights, modern agricultural machinery and equipment, and new agricultural equipment as collateral loans, and meet the diversified and personalized financing needs of agricultural entities.

Support the promotion of green and innovative development of agriculture

Encourage qualified financial institutions to make good use of carbon emission reduction support tools and support the construction of infrastructure such as solar energy and photovoltaics in Hainan rural areas. Encourage banking institutions to develop one-time credit and recyclable forest rights mortgage credit products to support the financing needs of forest farmers and business entities holding forest rights certificates. Encourage banks and financing guarantee institutions to use forest rights as a means of credit enhancement and counter-guarantee to carry out revolving credit.

03
Increase the investment of financial resources in the high-quality development of rural industries and promote the improvement of development quality and efficiency.

Support the expansion and strengthening of agricultural product processing and circulation industries

Support financial institutions to further increase support for agricultural product processing, cold chain logistics, e-commerce and other formats around serving the modern agricultural industrial system, production system, and business system of the free trade port, help smooth agricultural product logistics, and support and ensure the stability of the industrial chain and supply chain.

Cultivate and develop modern rural service industry and new industries and new formats

Encourage banking institutions to provide financing support for the construction of agricultural and rural commercial system, and actively support the capital demand of market entities. Support the accelerated development of shared farms, rural tourism and leisure fisheries in Hainan, encourage financial institutions to develop exclusive credit and insurance products, and fully support the deep integration of primary, secondary and tertiary industries.

Support the development and growth of county-level industries that enrich the people

Financial institutions should rely on Hainan's local agricultural and rural resources to develop "local specialty" financial products and services with "one chain, one policy". Encourage the Provincial Agricultural Bank to increase the investment of "enriching farmers' industry loans-enriching people's loans" and promote them in poverty-stricken counties and old revolutionary base counties.

Promote employment and entrepreneurship in rural areas to increase income

Promote the creation of the "credit village ' entrepreneurship loan" project, exempt migrant workers who return to their hometowns to start businesses and rural self-employed farmers in credit villages from counter-guarantees, and solve the problems of difficulty in obtaining loans and finding counter-guarantees. Encourage banking and insurance institutions to explore the use of business outlets to undertake employment and supporting service functions in county-level areas, and jointly promote the implementation of the policy requirements of the "15-minute employment service circle" with human resources and social security departments to promote the employment and income of farmers.

04
Optimize the financial services for harmonious rural construction and urban-rural integration development, and escort the development of rural construction.

Strengthen support for rural infrastructure construction

Establish and improve the financing project database for agricultural and rural infrastructure construction. Focus on the financing needs of rural and reclamation area infrastructure construction in key areas, explore and develop financial products and service models, and increase credit support for dilapidated housing renovation, rural and reclamation area power grid, water supply project renovation, rural and reclamation area information infrastructure construction, etc.

Provide financial support for basic public services in counties

Strengthen the interconnection between finance and education, medical care, elderly care, childcare and housekeeping, and promote the convenience of basic public services in counties. County banking and financial institutions should continuously improve their comprehensive financial service capabilities, actively integrate inclusive finance, convenient services and other resources, accelerate the construction and promotion of agricultural-related scenarios, and better meet the financial needs of county customers such as financing, wealth management, and financial consulting.

Continue to strengthen financial services for new citizens within the jurisdiction

Promote banking and insurance institutions to implement the "Implementation Plan for Strengthening Financial Services for New Citizens in Hainan Province", establish a supporting incentive and constraint mechanism, and provide professional and diversified financial services around employment and entrepreneurship, housing needs, medical insurance, elderly care and early childhood education for new citizens.

Improve county consumer financial services

Further improve rural e-commerce financing, settlement and other financial services, optimize county consumer credit approval and risk control management, explore innovative models in the field of financial consumption, and improve the availability of consumer finance. Encourage the steady promotion of low-threshold, small-amount, pure credit rural consumer loans through online processing and interest-free installments, provide personalized credit products for various consumer scenarios in counties, and embed financial services into life consumption scenarios such as food, clothing, housing and transportation.

05
Strengthen financial support for consolidating and expanding the results of poverty alleviation, and lay a solid foundation for industrial development.

Continue to do a good job in financial assistance to poverty-stricken areas and people who have been lifted out of poverty

Do a solid job in microcredit for people who have been lifted out of poverty, implement the main responsible bank system with townships as units, and implement "lending as much as possible" for people who have loan needs and meet the conditions, so as to achieve a steady increase in the scale of microcredit for poverty alleviation in the province in 2023. Firmly hold the bottom line of no large-scale return to poverty, give full play to the function of comprehensive anti-poverty insurance, and help people who have been lifted out of poverty and monitored objects resolve the risk of poverty and return to poverty due to disasters, diseases, and accidents.

Solidly carry out targeted assistance and village-building work

Deeply participate in the "10,000 Enterprises to Boost 10,000 Villages" and "100 Enterprises to 100 Villages" activities, encourage banking institutions to strengthen cooperation and linkage with the agriculture, rural areas, the Federation of Industry and Commerce and other departments, actively carry out financial cooperation, launch special financial service models, and innovate the "linking agriculture and leading agriculture" mechanism.

06
Optimize the financial supply for building a strong agricultural province and deepen supply-side structural reforms.

Strengthen the organizational functions of financial institutions

The Hainan Branch of the China Development Bank and the Hainan Branch of the Agricultural Development Bank of China should be based on their functional positioning and increase medium- and long-term credit support for key areas such as stable production and supply of grain and important agricultural products, agricultural and rural infrastructure, and agricultural science and technology innovation within their business scope. National commercial banks should give full play to their advantages in resources, mechanisms, and technology, strengthen online and offline collaboration, and increase credit investment in the field of rural revitalization. Local legal person financial institutions should be based on the local area, focus on supporting agriculture and small businesses, and strengthen the allocation of credit resources in the "three rural" field.

Expand diversified financial services

Support eligible agricultural enterprises to issue and list on the New Third Board, encourage enterprises to use capital market financing, mergers and acquisitions, and effectively broaden corporate financing channels. Support qualified enterprises to issue corporate bonds, asset-backed securities, etc. for rural revitalization.

Enhance insurance protection service capabilities

Take the construction of the free trade port as an opportunity to explore the construction of an agricultural insurance policy system with Hainan characteristics. Promote the implementation of rice and corn full cost insurance in major grain-producing counties in our province to improve the level of insurance protection. Encourage insurance institutions to help implement the "going out" strategy and provide insurance support for the overseas development of our province's leading agricultural enterprises.

07
Improve the level of rural basic financial services and improve the ability of financial services to serve rural areas.

Develop rural digital inclusive finance

Promote the implementation of the "Full Coverage Action Plan for Digital Inclusive Finance (2022-2025)". Encourage financial institutions to implement the "Rural Inclusive Financial Service Points Payment Service Point Technical Specifications" (JR/T 0157-2018) in the construction of rural inclusive financial service points, and improve the standardization level of rural inclusive financial service points.

Promote the construction of rural credit system

Continue to carry out the collection of agricultural credit information in accordance with the law, and complete the collection of credit information of 950,000 farmers and new agricultural operators in accordance with the work requirements of "collect as much as possible and collect as much as willing". Accelerate the electronic conversion of agricultural credit information and establish electronic credit files for farmers and new agricultural operators in the jurisdiction.

Strengthen financial education and protection of financial consumer rights and interests

Combined with the construction of financial education bases, financial night schools and other positions in rural areas, create an "online ' offline" and "centralized ' positional" financial publicity grid to effectively meet the people's demand for financial knowledge. Continue to open up channels for rights relief for key groups of inclusive finance, promote the "complaint ' mediation ' ruling" one-stop financial dispute diversified resolution mechanism to serve the national development strategy of Hainan Free Trade Port, and accelerate the construction of consumer financial health.

08
Strengthen the policy guarantee of financial support for the construction of a strong agricultural province, and play a good policy "combination punch".

Increase support from monetary policy tools

Strengthen the positive incentive effect of differentiated reserve requirement ratio policy, adjust and optimize the credit structure, and improve the financial service level of "agriculture, rural areas and farmers" and counties; give full play to the guiding role of monetary policy tools such as re-loans and re-discounts in credit supply and prices, and ensure that the balance of re-loans for supporting agriculture and small businesses will increase steadily by the end of 2023.

Strengthen the coordination of fiscal and financial policies

Give full play to the coordinated linkage of fiscal, financial and industrial departments to better serve rural revitalization. Implement the central government's reward and subsidy policy for inclusive financial development demonstration areas, and encourage cities and counties to build fiscal support for inclusive financial development demonstration areas according to local conditions. According to relevant special fund management regulations, actively support the financing of rural infrastructure, facility agriculture, and rural industry full industrial chain projects through interest subsidies, rewards and subsidies.

Promote the reform of financing supporting factor markets

Encourage financial institutions to focus on special movable property financing businesses such as "live loans" and actively carry out secured financing businesses such as agricultural production facilities and equipment, agricultural variety rights (certificates), and accounts receivable. Through the unified registration and publicity system for movable property financing at the People's Bank of China Credit Information Center, explore innovative special mortgage loan business in the field of rural revitalization and further broaden the financing channels for agricultural enterprises.

Optimize financial management policies

Encourage financial institutions to set up separate service channels, separate credit quotas, separate assessment indicators, separate approval authority, separate credit products, and separate fund pricing to steadily increase agricultural credit investment. Local corporate banking institutions should accelerate the establishment of an internal transfer pricing (FTP) mechanism and embed LPR into it to promote a steady decline in the comprehensive financing costs of agricultural enterprises.

09
Improve the working mechanism and strengthen source governance.

Strengthen organizational leadership

Establish a working mechanism for financial services for rural revitalization in Hainan Province, strengthen overall coordination and information sharing, and study and solve the difficulties and problems encountered in the promotion of work. Explore the establishment of inclusive financial reform pilot zones in cities and counties with conditions in Hainan to better promote rural revitalization.

Strengthen assessment and evaluation

The branches of financial management departments should continue to do a good job in the assessment and evaluation of financial institutions serving rural revitalization and strengthen the application of assessment results. Financial institutions should increase the performance assessment weight of rural revitalization indicators for branches and leadership teams.

Increase publicity and promotion

All financial institutions should rely on online and offline channels to strengthen policy publicity in a form that is popular with the masses. Timely summarize and refine typical models, innovative products, and experience practices in rural revitalization financial services, and strengthen publicity, communication and promotion through news reports, labor competitions, excellent case selection and other special activities to promote work implementation.