China Banking and Insurance Regulatory Commission: Promote the digital transformation of rural finance.

The China Banking and Insurance Regulatory Commission has issued a notice on the financial support for the comprehensive revitalization of rural areas in 2026. The notice requires the promotion of digital transformation in rural finance, the construction of rural credit systems, strengthening the collection and sharing of agricultural information, including key data such as land rights, agricultural machinery subsidies, operational cash flow, and tax records into the shared scope, and supporting the connection of banks and insurance institutions. It also emphasizes leveraging technology to play a positive role in connecting financial institutions with rural areas, credit approval, risk pricing and management, insurance claims, and strengthening data security management, empowering the construction of rural credit systems, and promoting the efficient and safe allocation of financial resources to agricultural entities. Additionally, it supports banking institutions in exploring advanced technologies such as privacy computation, big data, and machine learning to help assess customer risks accurately and enhance risk prevention and control capabilities through technological empowerment. The notice also encourages active participation in the high-quality development of digital rural areas.