The People's Bank of China and two other departments: Encouraging financial institutions to innovate financial products and services and explore the "agricultural insurance + financing" model.

On December 26, 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 China Banking and Insurance Regulatory Commission jointly issued a notice on promoting agricultural facilities and livestock and poultry live collateral financing. The notice emphasized the importance of promoting financing through collateralizing agricultural facilities and livestock and poultry, focusing on high investment value agricultural facilities and clear ownership of livestock and poultry for collateral financing. It also called for the gradual establishment of standardized management systems and the enhancement of risk prevention and resolution mechanisms. Financial institutions are encouraged to innovate financial products and services, explore the "agricultural insurance + financing" model, utilize credit market service platforms effectively, strengthen information sharing, and financial linkage services. The notice also encourages the standardized registration and inquiry of movable financing through the People's Bank of China Credit Center's unified registration and publicizing system. It supports the construction of digital management platforms for agricultural facilities and livestock and poultry collateral in eligible areas, assigning exclusive "QR codes" to collateral assets. It also calls for the establishment of a comprehensive credit risk-sharing and monitoring mechanism, exploring innovative guarantee service paths, expanding insurance coverage, and supporting the strengthening of asset management through smart means like the Internet of Things platform. The original text elaborates on the importance of promoting agricultural facilities and livestock and poultry live collateral financing, establishing clear ownership rights, evaluating the value of these assets, enhancing registration systems, and improving risk management strategies, among other measures. It also highlights the need for continuous improvement in asset disposition mechanisms and the strengthening of policy incentives and financing support.