The People's Bank of China and two other departments encourage financial institutions to innovate financial products and service models, and explore the "agricultural insurance + financing" model.

According to the Securities Times APP, on December 26th, 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 the "Notice on Promoting Agricultural Facilities and Livestock Pledge Financing". The notice emphasizes the importance of promoting agricultural facilities and livestock pledge financing, focusing on high investment value agricultural facilities and livestock with clear ownership for pledge financing. It also suggests gradually establishing standardized management systems and improving risk prevention and resolution mechanisms. Financial institutions are encouraged to innovate financial products and service models, explore the "agricultural insurance + financing" model, make good use of credit market service platforms, and strengthen information sharing and financing connection services.