The central bank and three other departments jointly issued the “Notice on Promoting Agricultural Facilities and Live Mortgage Financing for Livestock and Poultry”. The “Notice” requires that collateral disposal mechanisms should be continuously improved, the establishment of a multi-level networked rural property rights trading platform should be improved, rural property rights transfer transactions should be improved, the acquisition and disposal of bad assets using agricultural facilities as collateral should be standardized, and disposal channels should be broadened. Strengthen policy incentives and financing support services, make comprehensive use of monetary, credit and other policies, and encourage and guide financial institutions to expand investment in agricultural facilities and live livestock and poultry mortgages. Further promote the pilot interest rate discount project for agricultural construction loans with modern facilities, and strengthen financial incentives and support.

The central bank and three other departments jointly issued the “Notice on Promoting Agricultural Facilities and Live Mortgage Financing for Livestock and Poultry”. The “Notice” requires that collateral disposal mechanisms should be continuously improved, the establishment of a multi-level networked rural property rights trading platform should be improved, rural property rights transfer transactions should be improved, the acquisition and disposal of bad assets using agricultural facilities as collateral should be standardized, and disposal channels should be broadened. Strengthen policy incentives and financing support services, make comprehensive use of monetary, credit and other policies, and encourage and guide financial institutions to expand investment in agricultural facilities and live livestock and poultry mortgages. Further promote the pilot interest rate discount project for agricultural construction loans with modern facilities, and strengthen financial incentives and support.