Recently, the General Office of the People's Bank of China, the General Office of the Ministry of Agriculture and Rural Affairs, and the General Office of the General Administration of Financial Supervision jointly issued the “Notice on Promoting Agricultural Facilities and Live Mortgage Financing for Livestock and Poultry”. The “Notice” proposes to strengthen support for monetary and credit policy instruments. Make comprehensive use of monetary, credit and other policies to encourage and guide financial institutions to expand investment in agricultural facilities and live livestock and poultry mortgages. Provide differentiated credit policy support to financial institutions with strong investment, good operating results, and strong sustainability. Strengthen financial incentives and support. Further promote the pilot interest rate discount project for agricultural construction loans with modern facilities. Encourage places that are in a position to do so to set up loan risk compensation funds to pay compensation for agricultural facilities and live livestock and poultry mortgages that have defaulted according to the agreed sharing ratio. Priority and support are given to regions where efforts to promote agricultural facilities and live livestock and poultry mortgages have achieved good results in relevant funding project arrangements.

Recently, the General Office of the People's Bank of China, the General Office of the Ministry of Agriculture and Rural Affairs, and the General Office of the General Administration of Financial Supervision jointly issued the “Notice on Promoting Agricultural Facilities and Live Mortgage Financing for Livestock and Poultry”. The “Notice” proposes to strengthen support for monetary and credit policy instruments. Make comprehensive use of monetary, credit and other policies to encourage and guide financial institutions to expand investment in agricultural facilities and live livestock and poultry mortgages. Provide differentiated credit policy support to financial institutions with strong investment, good operating results, and strong sustainability. Strengthen financial incentives and support. Further promote the pilot interest rate discount project for agricultural construction loans with modern facilities. Encourage places that are in a position to do so to set up loan risk compensation funds to pay compensation for agricultural facilities and live livestock and poultry mortgages that have defaulted according to the agreed sharing ratio. Priority and support are given to regions where efforts to promote agricultural facilities and live livestock and poultry mortgages have achieved good results in relevant funding project arrangements.