The People’s Bank of China (PBOC) : to strengthen financial support for tackling key agricultural technologies such as seed sources


The People’s Bank of China issued the Opinions on Financial Support for The Key Work of Comprehensively Promoting Rural Revitalization in 2022, proposing to strengthen financial support for tackling key agricultural technologies such as seed sources.All branches of the People’s Bank of China shall, in conjunction with local agricultural and rural departments, conduct financing monitoring of key seed enterprises, strengthen the connection between government, bank and enterprises, increase medium – and long-term credit input to eligible major agricultural biological breeding projects, and support joint breakthroughs in breeding, seed industry base construction and the development of superior seed enterprises.Financial institutions are encouraged to carry out seed intellectual property pledge, inventory and order pledge, receivables pledge and other loan businesses, strengthen financial services for seed breeding, reproduction and promotion industry chain, and improve the financing convenience of modern seed industry enterprises.Source: Flush Financial Research Center

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