Fight the epidemic, grasp the spring ploughing banking industry by mistake, do a good job in credit service and ensure the resumption of spring ploughing production

　　The rainy season has arrived, and the whole country has ushered in a busy spring ploughing. Although this spring is unusual because of the outbreak of COVID-19 epidemic, food is the foundation of the people, and farming time waits for no man. Therefore, how to prevent and control the epidemic and ensure the smooth resumption of spring ploughing has become a top priority.

　　On February 15th, the Notice on Further Improving Financial Services for Epidemic Prevention and Control issued by China Banking and Insurance Regulatory Commission of China specifically pointed out that financial support for spring ploughing and spring planting should be increased. According to the characteristics of epidemic prevention and control in rural areas, we actively meet the needs of basic financial services in rural areas through online and offline methods. Increase the intensity of agricultural loans, and fully guarantee the demand for credit funds for agricultural and sideline products production and spring ploughing and agricultural materials supply. Encourage local banking institutions to establish a rapid response mechanism for the demand for emergency production funds of agricultural products, and support the stable supply and price of agricultural products during the epidemic.

　　"Spring ploughing this year is affected by the epidemic, agricultural products in some areas are unsalable, and some enterprises and individuals have problems in capital flow. These situations will also lead to the lack of confidence of some farmers." Dong Ximiao, chief researcher of Xinwang Bank, said in an interview with the Financial Times reporter.

　　How to meet the needs of related enterprises and farmers for spring ploughing financial services quickly and well? Recently, the Financial Times reporter learned in an interview that the banking industry has taken a series of effective measures in time to stabilize the market price of agricultural products and at the same time give farmers a reassurance.

　　Guarantee the demand for basic financial services

　　"People are mistaken for a moment, and they are mistaken for a year." Epidemic prevention cannot be relaxed, and spring ploughing cannot be delayed. Therefore, it is particularly important to know the demand of agricultural enterprises and farmers for spring ploughing financial services in time.

　　"Affected by the epidemic, the demand for financial services related to spring ploughing should increase this year compared with previous years, which requires the banking industry to understand the needs of enterprises and farmers and achieve accurate services." Dong Ximiao believes that first of all, it is necessary to raise awareness and strengthen the understanding of the importance of spring ploughing services to agricultural financial services. Banks need to know in detail the difficulties encountered by farmers in purchasing chemical fertilizers, seeds, agricultural machinery, pesticides and other necessities, and solve them in a targeted manner.

　　Yunnan Funing Xianggui Sugar Co., Ltd. is a local leading sugar enterprise. It is spring planting season, so Xianggui sugar industry urgently needs chemical fertilizer for sugarcane planting. After verifying the situation of the enterprise, Yunnan Wenshan Branch of China Construction Bank issued a network supply chain loan of 1.5 million yuan to the upstream chemical fertilizer supplier of the enterprise at the fastest speed, which helped Xianggui Sugar successfully complete the purchase of spring ploughing chemical fertilizer.

　　"In this special period, financial institutions can better provide financial services to customers through special apps such as mobile banking by means of financial technology." Dong Ximiao believes that farmers can apply for funds without leaving home, which on the one hand improves the efficiency of financial services related to spring ploughing; On the other hand, providing non-contact and zero-contact services can reduce the possibility of cross-infection.

　　"Keeping indoors for spring ploughing" is a special ploughing scene in this spring when the epidemic situation in COVID-19 suddenly broke out.

　　As the main force of "agriculture, countryside and farmers" service, Agricultural Bank of China actively develops three online businesses of "Huinong e-loan", "Huinong e-payment" and "Huinong e-business" relying on the platform of "Huinong e-link" internet financial service, helping customers to apply for loans, repay and renew loans, pay and settle accounts, purchase agricultural materials and sell agricultural products online, effectively reducing the epidemic situation and preparing seeds and medicines for "agriculture, rural areas and farmers" customers. Up to now, the above three businesses have basically covered all counties in the country, and the balance of "Huinong e-loan" is 218.58 billion yuan; There are 1.4 million merchants in the county of "Huinong e-business", with a transaction volume of 51 billion yuan.

　　While doing a good job in online financial services, banks also provide timely assistance to enterprises and individuals who cannot complete their business through online channels, and provide timely credit by taking off-site applications and surveys.

　　Increase the intensity of agricultural loans.

　　While efficiently ensuring the capital demand of key epidemic prevention enterprises, the banking industry has increased the credit supply in the areas of agriculture, rural areas and farmers, helped the production of agricultural and sideline products, and ensured the demand for credit funds for the supply of agricultural materials for spring ploughing.

　　"On the basis of understanding the demand, we should increase the investment in agricultural credit." Dong Ximiao believes that "compared with previous years, the start-up time of spring ploughing in some areas this year will be affected to some extent, so enterprises and farmers will have more urgent financial needs related to spring ploughing, which has higher requirements for the time limit for business acceptance. Therefore, it is particularly important to simplify the credit procedures, optimize the loan process, open a green channel, quickly examine and approve, and send the spring ploughing credit funds to farmers in time and quickly. "

　　The Financial Times reporter learned from the Agricultural Development Bank that the bank simplified the loan procedures in time and made every effort to do a good job in credit. Since January 26th, the Agricultural Development Bank has implemented a preferential interest rate policy for enterprises engaged in spring ploughing and preparing for ploughing in major epidemic areas, put an end to blindly lending, cutting off loans and suppressing loans, and extended or renewed loans for enterprises seriously affected by the epidemic.

　　From October 1 last year to February 10 this year, the Agricultural Development Bank issued a total of 5.7 billion yuan in reserve fertilizer loans; From January 1 to February 10 this year, 2.8 billion yuan of agricultural loans for seeds, fertilizers, agricultural machinery and equipment were issued, and 3.5 billion yuan of loans for high-standard farmland construction, rural land transfer and large-scale operation were issued. As of February 10, the Agricultural Development Bank has issued a total of 12 billion yuan in loans to support spring ploughing.

　　The Financial Times reporter learned from the Agricultural Bank of China that, in combination with the large demand for farmers’ credit during the spring ploughing season, the bank actively explored the situation of agricultural machinery, pesticides, seeds and other enterprises affected by the epidemic, increased the credit scale, established a green channel, lowered the loan interest rate, and made efforts to meet the credit demand for agricultural production. Up to now, the bank’s balance of farmers’ loans is 1.65 trillion yuan, an increase of 39.7 billion yuan from the beginning of the year.

　　While increasing investment in agricultural loans, Dong Ximiao proposed that policy support should also be strengthened. "Preferential prices and preferential loan interest rates are adopted for areas and farmers seriously affected by the epidemic to help them reduce losses and reduce burdens."

　　It is reported that the Agricultural Bank of China has scientifically set various loan interest rates for spring ploughing, and the lowest executable LPR benchmark interest rate has dropped by 1 percentage point, effectively reducing the financial burden of "three rural" customers. Yang Bo, director of the financial department of agriculture, rural areas and farmers of the Postal Savings Bank, said that the Postal Savings Bank had given preferential interest rates, continued lending and extended repayment period to the "agriculture, rural areas and farmers" customers who had a great impact on the epidemic. In Shandong, ICBC strengthened cooperation with Shandong Agricultural Development Credit Guarantee Co., Ltd. and jointly issued special preferential policies to support spring ploughing production.

　　Ensure supply, stabilize prices and grasp production during epidemic period.

　　At present, China is in a special period of epidemic prevention and control. It is also of great significance to protect the supply of agricultural means of production, ensure the quality of agricultural products, maintain the stability of agricultural prices and help farmers to resume production in spring.

　　It is reported that in order to help stabilize the price of chemical fertilizer market, the Agricultural Development Bank of Henan Branch has supported the chemical fertilizer reserve and operation in Henan Wanzhuang Chemical Fertilizer Trading Market to ensure sufficient supply of agricultural products and stable prices during the epidemic; In Gansu, the Agricultural Development Bank lent 30 million yuan to Lanzhou New Area Modern Agriculture Investment Group Co., Ltd. to support enterprises to purchase productive materials such as plastic film, seeds and fertilizers, so as to ensure the supply of fruits and vegetables in the epidemic prevention and control period and subsequent markets.

　　In order to promote stable production, supply and price of agricultural products, protect farmers’ interests and stabilize people’s livelihood, the Agricultural Bank of China recently launched a special policy to strengthen the demand for credit funds for agricultural and sideline products production and spring ploughing and agricultural materials supply, and to serve the work of ensuring stable supply and price and spring ploughing and agricultural materials supply.

　　On February 14th, with the support of hengfeng bank and other financial institutions, Nanjing Agricultural and Sideline Products Logistics and Distribution Center Co., Ltd. successfully issued the first single epidemic prevention and control bond of agricultural and sideline products in China, "300 million yuan for the first phase of non-public issuance of corporate bonds in 2020". The issuance of this bond has helped to ensure the supply of "food basket" during the epidemic prevention and control period.

　　It is worth mentioning that while policy banks, large state-owned banks and joint-stock banks actively support spring ploughing and maintain the price stability of agricultural products, rural small and medium-sized financial institutions also play an important role. Take Jiangyong Rural Commercial Bank of Hunan as an example. Since the beginning of this year, the bank has invested 50 million yuan in agricultural loans. While actively organizing the investment of agricultural production funds, it has also increased the loan support of agricultural producers to ensure that the purchase funds of agricultural production materials such as seeds and fertilizers are sufficient to meet the spring ploughing production.