China Agricultural Development Bank President Zhang Xiaodong: Improve the loan application and management process to match the level of digitalization in the industry.

The 2026 Lujiazui Forum all conference, with the theme of "Improving the effectiveness and precision of inclusive finance," was held on June 18th. Zhang Xiaodong, President of the Agricultural Development Bank of China, stated that currently, some specific areas in agriculture, rural areas, and farmers lack digitalization, while others belong to light asset operations, lacking sufficient credit data support and credit assessment models. To address this issue, it is necessary to continuously improve the level of industry digitalization and solidify the data foundation. Additionally, financial institutions need to continuously enhance loan processes that are compatible with the level of industry digitalization.