The party's eighteen plenary session and the central rural work conference made clear, we need to accelerate the establishment of a new system of agricultural operation, working out of an advanced production technology, business scale, market competitiveness, sustainable ecological environment model of agricultural modernization China characteristic road. The people's Bank of Party Committee attaches great importance to, serious study comprehends conference spirit and requirements, and actively organize agricultural development bank, agricultural bank, postal savings banks, rural credit cooperatives and other major agriculture related financial institutions under the new situation, closely focus on the family farm, new agricultural management main body of financial demand characteristics, carry out thorough investigations and studies, focus on the innovation of the rural financial system, provide effective support to promote the moderate scale management of agriculture and agricultural modernization. Based on extensive research and solicit opinions of the people's Bank, issued "guidance concerning new agricultural management main body of financial services such as family farm" (Yinfa [2014] No. 42), hereinafter referred to as the "opinions").

"Opinions" requirements, the banking financial institutions to effectively increase the family farm and other new agricultural management main body credit support. On the management of more standardized, is mainly engaged in agricultural production, have a certain scale of production and operation, relatively stable income family farms and other new agricultural management main body, should take flexible measures to determine the loan subject, in accordance with the "appropriate field field, appropriate households households, enterprises and enterprises should be, should news agency" principle, to simplify the approval process, ensure the reasonable credit needs are met. Focusing on new agricultural management subject to purchase, the purchase of agricultural means of agricultural production, the right to the contracted management of land, engaged in farmland consolidation, farmland irrigation, greenhouse and other infrastructure construction repair and other agricultural production use, the development of various forms of scale management.

"Opinions" stressed, the banking financial institutions shall rationally determine the new agriculture main business loan interest rates and credit, appropriate to extend the loan period, and actively expand the pledge guaranty. The local government fiscal interest subsidy and risk compensation policy as well as the collateral or the introduction of insurance, guarantee mechanism of new agricultural management main body in accordance with the terms of the loan, the interest rate should be lower than the institutions of the same type rate for loans of the same grade average. For the right to the contracted management of land, the land consolidation, farmland irrigation, agricultural technology, agricultural social service system, can provide more than 3 year project loans to support agriculture; to engaged in forest, fruit, tea and forest economy growth cycle longer planting, the longest period of the loan is 10 years. To increase the innovation of rural financial products and services, according to the different types, different scale family farms and other new agricultural management main body of capital requirements, to provide financing diversified.

"Opinions" clear, the Agricultural Development Bank, agricultural bank, postal savings bank and rural credit cooperatives and other agriculture related financial institutions should actively explore effective ways to support the new agricultural management main body, can choose the production of key provinces part of agriculture county (city), to provide "one to one service", focus on supporting a number of family farms and other new agricultural management subject of modern agricultural development. Other agriculture related banking financial institutions and small loan companies, but also in the risk controllable premise, innovation of credit management system, optimize the credit management process, to actively support the development of new agricultural management main body.

"Opinion" point out, comprehensive use of various tools of monetary policy, credit policy implementation to support innovation, increase investment in family farms and other new agricultural management main body credit. For financial institutions to support the new agricultural management main body credit more, be in the issuance of loans for agriculture, to give priority to support the discount at. Carry out the evaluation of agricultural credit policy effect, the new agricultural management main body credit into the assessment results to evaluate the credit policy guidance, guide the financial institutions to support the new agricultural management main body development.

"Opinions" put forward, to expand the family farm and other new agricultural diversification of financing channels. The registered as a limited liability company, achieve enterprise management standards, meet the standardized information disclosure requirements and meet the new family farm debt financing instruments market conditions, can establish Easy Access in the interbank market, exploring public or private debt financing. Support to meet the conditions of the bank issuing special financial bonds for the "three rural" loans, to strengthen the follow-up supervision and management of the use of funds raised, effectively increase the new agricultural operation of the main source of credit funds. Encourage financial institutions to carry out selection of agriculture related loans securitization of credit assets, and make an inventory of the stock funds, family farms, agricultural operators to support the development of new. (end)

Annex:

Guiding opinions of the people's Bank Chinese concerning new agricultural management main body of financial services such as family farms (Quan Wen)

The people's Bank of Shanghai (ChinaAgricultural land,Commercial land,Industrial) headquarters, branches, business management departments, the capital (capital) City Center branch, sub provincial city center branch; the National Development Bank, policy banks, state-owned commercial banks, joint-stock commercial banks, postal savings banks Chinese; dealers association:

To implement the party's eighteen plenary session, the central economic work conference, the central rural work conference and the "CPC Central Committee and State Council on the deepening of rural reform suggestions to accelerate the agricultural modernization" (in 2014) (No. 1) spirit, do a solid job in new agricultural management main body of financial services such as family farms, we hereby put forward the following opinions:

The importance of new agricultural management main body of financial services such as family farms, fully understand the new situation. Family farms, professional investors, farmers cooperatives, leading enterprises in the industrialization of new agricultural management subject is currently an important carrier to achieve effective integration of rural farmers' management system basically stable and the appropriate scale management of agriculture. Foster the development of family farms and other new agricultural management main body, increase financial support for the model of agricultural management, to speed up the modernization of agriculture, promote urban and rural development and the realization of "four modernizations synchronization is important" target. The historical status of each branch, the people's Bank of the banking financial institutions should fully understand the development trend of agricultural modernization and the family farm, model of agricultural management, actively promote the financial products, interest rate, maturity, credit, risk control, process innovation, reasonable allocation of credit resources, do a solid job in new agricultural management main body of the financial service, support and promote the farmers to get rich and accelerate the development of modern agriculture.

Two, to increase the family farm and other new agricultural management main body credit support. All banking financial institutions to the management more standardized, is mainly engaged in agricultural production, have a certain scale of production and operation, relatively stable income family farms and other new agricultural management main body, should take flexible measures to determine the loan subject, in accordance with the "appropriate field field, appropriate households households, enterprises and enterprises should be, should news agency" the principle, simplify the approval process, to ensure the reasonable credit needs are met. Focusing on new agricultural management subject to purchase, the purchase of agricultural means of agricultural production, the right to the contracted management of land, engaged in farmland consolidation, farmland irrigation, greenhouse and other infrastructure construction repair and other agricultural production use, the development of various forms of scale management.

Three, reasonably determine the loan interest rates, reduce the financing cost of new agricultural management main body. To meet the conditions of the family farm and other new agricultural management subject loans from the development of modern agriculture, services for the banking financial institutions, the overall situation, according to market principles, comprehensive allocation of credit resources, reasonable to determine the level of interest rates. The local government fiscal interest subsidy and risk compensation policy as well as the collateral or the introduction of insurance, guarantee mechanism of new agricultural management main body in accordance with the terms of the loan, the interest rate should be lower than the institutions of the same type rate for loans of the same grade average. All banking financial institutions should not be additional charges in the loan interest rates, not tying financial products or other additional disguised raise the cost of financing conditions, to reduce the financing cost of new agricultural management.

Four, appropriate to extend the loan period, to meet the actual demand of agricultural production cycle. The daily production management and agricultural machinery purchase demand, provide 1 year short-term liquidity loans and 1 to 3 year long-term liquidity loans support; for the right to the contracted management of land, the land consolidation, farmland irrigation, agricultural technology, agricultural social service system construction, can provide more than 3 years period of agriculture project loan support; to engaged in forest, fruit, tea and forest economy, long growth cycle of crops, the longest period of the loan for 10 years, the specific time determined by the financial institution and the borrower according to the actual situation of negotiation. Based on the loan interest rate and term is determined, it may be appropriate to extend the repayment period of principal and interest, improve efficiency in the use of credit funds. For planting trees, long production cycle of loans, the banking financial institutions in the premise of risk control, allowing appropriate extension after the expiration of the loan.

Five, reasonably determine the loan amount, to meet the needs of agricultural modernization management of funds. All banking financial institutions shall, according to the factors of production and operation status, repayment ability of borrowers, source of repayment, the loan of real demand, credit status, security and so on, reasonably determine the maximum amount of new agricultural main business loans. In principle, professional large family and family farm loan amount in planting the maximum required to fund the agricultural production and operation of 70%, other professional large family and family farm, the maximum loan amount may be required to fund the agricultural production and operation of the 60%. The family farm household loans principle of up to 10000000 yuan. Encourage the banking financial institutions in credit evaluation based on the farmers' cooperative model agency to carry out joint credit, increase funding to support the development of farmer cooperatives, rural cooperative economic development.

Six, accelerate the innovation of rural financial products and services, and actively expand the new agricultural management subject pledge guaranty. All banking financial institutions should strengthen innovation of rural financial products and services, according to the different types, different scale family farms and other new agricultural management main body of capital requirements, to provide financing diversified. For the cultivation of grain type of agricultural management main body, should be the focus of farm machinery to carry out mortgage, mortgage, pledge of stock large orders, agricultural direct subsidy funds guarantee, the land transfer income guarantee loans business, explore and carry out the innovation product marketing loan grain production scale management main body; for the planting of economic crops new agricultural management subject, to explore the mortgage, greenhouse vegetables cash flow mortgage, mortgage, pledge of accounts receivable and other financial products; for livestock and poultry breeding new agricultural management subject, should focus on innovation building mortgage, livestock and poultry products, waters and tidal land mortgage mortgage business the right to the use of new agricultural management main body; a high degree of industrialization, to carry out the "new agricultural management subject + farmers" supply chain finance service; granting credit loans actively on new agricultural management subject with good credit standing, capital turnover to. All branches of the people's bank according to the central unified deploy, active participation in the implementation plan, establish area pilot suit one's measures to local conditions, overall planning, actively and steadily push within the contracted management right of rural land mortgage pilot work, to encourage financial institutions to develop the special right to contracted management of rural land mortgage products, to allocate sufficient credit resources, innovation development loan business in rural areas the mortgage of land contract management right.

Seven, strengthen the rural financial infrastructure construction, efforts to promote new agricultural management subject comprehensive financial service level. To further improve the rural payment environment, to encourage commercial banks to develop rural payment business innovation, new payment business promotion POS, Internet banking, telephone banking, multi channels to provide payment and settlement services for the convenience of the family farm. Support rural grain, vegetables, agricultural products, agricultural production materials and other kinds of specialized market using the bank card, electronic Giro and other non cash payment. Exploration on supermarket, agricultural station set up the village financial service contact point, deepen the bank card to help farmers withdrawals and migrant workers bank card services, further enrich the basic financial services group. Improving rural payment service policy support system. Continue to promote the rural credit system construction, establish a sound credit collection and evaluation on the family farm, professional investors, farmers cooperatives system, encourage financial institutions and credit evaluation model of agricultural management on the combination, to explore the family farm in the management of credit system, the main members of the family farm into management, and family support farm finance.

Eight, to play the role of agriculture related financial institutions to support the development of new agricultural management main body. Rural Credit Cooperatives (including rural commercial banks, rural cooperative banks) to enhance the function of serving the agriculture, increase the new agricultural management main body credit investment; agricultural development bank should focus on the major agricultural products such as grain production, acquisition, processing, sales, through "industrialization leading enterprises + family farm" mode to promote new agricultural main business bigger and stronger. The active support of rural land development, the construction of high standard farmland, farmland irrigation in rural infrastructure construction, improve agricultural production conditions; Agricultural Bank should make full use of the special advantages of state-owned commercial banks "market oriented agriculture" and "three rural financial department" reform, innovation of agricultural management in new loan products, exploring new modes of service family farm; postal savings bank to increase the "three rural" financial resource allocation, and further strengthen the county the following branches, enrich the family farm and other new agricultural management main body credit products. Agricultural Development Bank, agricultural bank, postal savings bank and rural credit cooperatives and other agriculture related financial institutions should actively explore effective ways to support the new agricultural management main body, can choose the production of key provinces part of agriculture county (city), to provide "one to one service", focus on supporting a number of family farms and other new agricultural management main body development of modern agriculture. Other agriculture related banking financial institutions and small loan companies, but also in the risk controllable premise, innovation of credit management system, optimize the credit management process, to actively support the development of new agricultural management main body.

Nine, the comprehensive use of various monetary policy tools, support agriculture related financial institutions to increase the family farm and other new agricultural management main body credit investment. All branches of the people's Bank should consider the difference reserve dynamic adjustment mechanism related parameters, leading the local corporate financial institutions to increase the capital investment, increase the support to the family farm and other new agricultural management main body credit. For financial institutions to support the new agricultural management main body credit more, be in the issuance of loans for agriculture, to give priority to support the discount at. Through agriculture loan amount in the region between the dispensing, increasing the tilt of the major grain producing areas, and guide financial institutions to increase support for major grain producing areas of new agricultural management main body credit.

The ten, the innovation of credit policy. All branches of the people's Bank to innovation, new agricultural management main body of financial services and rural financial products and service mode of rural financial products innovation demonstration counties to create the organic combination of work, promote agricultural credit products, and strive to achieve "a product", to ensure that the policies are implemented. Give full play to the role of county financial institution legal person a certain proportion of new deposits in local loan assessment policy guidance, increase the willingness and ability of county financial institution legal person support model of agricultural management. Carry out the evaluation of agricultural credit policy effect, the new agricultural management main body credit into the assessment results to evaluate the credit policy guidance, guide the financial institutions to support the new agricultural management main body development.

Eleven, expand diversified family farms and other new agricultural management main body financing channels. The registered as a limited liability company, achieve enterprise management standards, meet the standardized information disclosure requirements and meet the new family farm debt financing instruments market conditions, can establish Easy Access in the interbank market, exploring public or private debt financing. Support to meet the conditions of the bank issuing special financial bonds for the "three rural" loans, to strengthen the follow-up supervision and management of the use of funds raised, effectively increase the new agricultural operation of the main source of credit funds. Encourage financial institutions to carry out selection of agriculture related loans securitization of credit assets, and make an inventory of the stock funds, family farms, agricultural operators to support the development of new.

Twelve, increase policy resource integration efforts. All branches of the people's Bank should actively promote the local government on the family farm, new agricultural management main body the loan risk premium policy, effectively reduce the financing costs of new agricultural management. Encourage conditional area by the government funded the establishment of a financing Guarantee corporation or come up with special line in the existing financing Guarantee Corporation, providing loans for new agricultural management subject guarantee service. The guarantee mechanism of the banking financial institutions shall strengthen the management model and agricultural operators to guarantee business cooperation, appropriate to expand the margin amplification, the promotion of "mortgage + insurance" financing mode, to meet the new demand of agricultural management fund. Promote the establishment of rural property rights trading market, local government, system protection and security risk exploration of the orderly transfer of rural collective assets.

Thirteen, strengthen the organization and coordination of the statistical monitoring. All branches of the people's Bank to strengthen communication and coordination with local government departments and supervision departments, the establishment of information sharing and coordination mechanism, ensure that the family farm and other new agricultural management as the main body of the financial services and policies. To actively carry out the business guidance and statistical analysis of each agency within the jurisdiction of the bank, according to statistics, by financial institutions do a new agricultural management subject financial services family farm, quarterly report, dynamic tracking progress within the jurisdiction of new agricultural management subject financial services work. At the same time, we must pay close attention to production and operation situation, supply and demand situation, changes in market prices of major agricultural products, agricultural management main body credit risk prevention model.

Please all branches of the people's bank shall forward this notice to the jurisdiction of the relevant financial institutions, and to implement the work, the implementation and the problems should be promptly reported to the head office.

People's Bank of China

February 13, 2014