The China Banking and Insurance Regulatory Commission: Reasonably determining the internal bias policy of inclusive agricultural loans, resolutely preventing and correcting "circular" competitive behavior.

On April 8th, the China Banking and Insurance Regulatory Commission issued a notice regarding the financial support for the comprehensive revitalization of rural areas in 2026. The notice specifies that in 2026, Agricultural Development Bank and large and medium-sized commercial banks should continue to set aside specific credit plans for agriculture, striving to achieve the goal of continuous growth in the balance of agricultural loans of the same calibre as at the beginning of the year. It also guides large and medium-sized banks to actively develop agricultural industry chain finance, expand the first-loan households, promote the improvement of rural support capabilities for small and medium-sized banks through reform, reasonably determine the internal tilt policy for inclusive agricultural loans, and firmly prevent and correct "zero-sum" competitive behavior. Additionally, it optimizes agricultural credit products and services, provides more suitable credit products based on the characteristics of agriculture, lawfully increases support for extension and renewal of loans for agricultural enterprises and households. It strengthens insurance coverage for rice, wheat, corn, soybeans, and promotes the development of local advantage characteristic insurance such as Shenzhen Agricultural Power Group. It emphasizes the role of agricultural insurance in disaster prevention and reduction. The notice also requires continuous strengthening of financial supply in key areas, focusing on stabilizing grain and oil production, improving the quality and efficiency of the "vegetable basket" industry, promoting agricultural technological innovation, and enhancing financial support. It actively supports the cultivation and growth of industries that benefit people at the county level, promotes the combination of investment in materials and investment in people, facilitates the development of unique regional economies, and fosters new consumption patterns in rural areas. It effectively supports rural construction and urban-rural integration, enhances support for the development of rural revitalization areas, encourages banks to introduce special credit preferential policies. It implements targeted assistance measures on an ongoing basis, improves the mechanism for ongoing financial support, focuses on preventing poverty returnees and underdeveloped areas, and strengthens the effectiveness, accuracy, and impact of financial support to ensure that there is no widespread return to poverty. The notice clearly states that in 2026, Agricultural Development Bank and large and medium-sized commercial banks must continue to allocate specific credit plans for agriculture, striving to achieve the goal of continuous growth in the balance of agricultural loans of the same calibre as at the beginning of the year. It guides large and medium-sized banks to actively develop agricultural industry chain finance, expand the first-loan households, promote the improvement of rural support capabilities for small and medium-sized banks through reform, reasonably determine the internal tilt policy for inclusive agricultural loans, and firmly prevent and correct "zero-sum" competitive behavior. It optimizes agricultural credit products and services, provides more suitable credit products based on the characteristics of agriculture, lawfully increases support for extension and renewal of loans for agricultural enterprises and households. It strengthens insurance coverage for rice, wheat, corn, soybeans, and promotes the development of local advantage characteristic insurance such as Shenzhen Agricultural Power Group. It emphasizes the role of agricultural insurance in disaster prevention and reduction. The notice emphasizes the need to optimize the rural financial service environment, promote the construction of rural credit systems, strengthen the collection and sharing of agricultural information, fully utilize the role of modern comprehensive agricultural service centers, and deepen the integration of rural finance and rural governance. It continuously strengthens the monitoring of agricultural credit risks, effectively prevents agricultural loans from being used in non-agricultural areas. It strictly prohibits the illegal addition of local government hidden debts in the name of agricultural finance. Prohibits collusion with illegal intermediaries to deceive loans and insurance claims. Banks are required to strengthen daily supervision and management of rural inclusive financial service points, effectively prevent risks of illegal fundraising and other illegal financial activities.