The People's Bank of China, together with two other departments, jointly issued the "Notice on Financial Support for High-Quality Development of Forestry"

Zhixin Finance APP learned that recently, the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the State Forestry Administration jointly issued the "Notice on Financial Support for the High-Quality Development of Forestry". The "Notice" proposes to increase the innovation of forestry mortgage loan products and services, broaden the scope of collateralized forest rights, lawfully extend loan terms, and promote the increase in quality and coverage of forest rights mortgage loans. In areas where conditions permit, it is recommended to establish forest rights acquisition and storage institutions based on actual needs, and encourage social capital to provide guarantee services for forest rights acquisition and storage.