opinions on promoting the innovation of rural financial products and services

(2) issuing asset securitization products and credit derivatives through the inter-bank market, broadening the sources of funds of agricultural financial institutions and dispersing the credit risk of agricultural loans. Encourage agricultural financial institutions to actively explore and develop securitization products based on long-term agricultural infrastructure and agricultural comprehensive development loans according to their own needs and market conditions, so as to prevent and control the risks of agricultural credit assets. Pilot development of credit derivatives with agricultural loans as the basic assets and loan protection provided by insurance companies or loan guarantee institutions, providing low-cost and good liquidity hedging tools for financial institutions to increase their efforts to support agriculture and benefit farmers.

(3) speed up the construction of rural payment system and improve the convenience of payment and settlement business in rural areas. Support agricultural financial institutions to build and improve payment and settlement systems and business processing systems. Focus on encouraging and guiding agricultural financial institutions to develop and promote payment and settlement services suitable for rural conditions. Accelerate the construction of payment service infrastructure in rural areas, and gradually expand and extend the radiation scope of payment and clearing network in rural areas.

(D) Strengthen the construction of rural credit system and improve the regional financial ecology. Branches in the pilot areas of the People's Bank of China should further expand the information collection and use scope of the basic database of enterprise and individual credit information in rural areas, guide financial institutions to establish and improve electronic credit files of farmers, farmers' professional cooperatives and agriculture-related enterprises, design an objective and effective credit information index system, establish and improve a scientific and reasonable credit scoring and credit scoring system, and promote the establishment of a rural credit information sharing mechanism.

(5) according to the principles of "wide access, strict supervision" and "differential treatment", improve and implement the market access support policies to encourage innovation in rural financial products and services. For agriculture-related financial institutions that have achieved remarkable results in supporting agriculture, have strong risk control ability, and promote rural financial products and services with characteristics, they should implement a green channel for market access in terms of financial product innovation and network layout adjustment of grass-roots institutions, and implement a filing system for new businesses with controllable risks, and support their cross-regional mergers and acquisitions and fund the establishment of new rural financial institutions or branches.

(6) give play to the leverage of financial funds and increase the attractiveness of financial resources to rural areas. In conditional pilot areas, local governments are encouraged to establish a risk compensation system for agricultural loans to compensate the credit losses of agricultural financial institutions due to natural risks and market risks. At the same time, loans from agricultural enterprises and farmers can also be discounted, or an insurance subsidy system can be established to provide insurance companies and insured enterprises and farmers with premiums, operating expenses and over-compensation subsidies.

V. Organization, implementation and working steps of the pilot project

The provincial branch of the People's Bank of China in the pilot area will co-ordinate and organize the pilot project in this province with the local banking regulatory bureau, and formulate specific implementation opinions or pilot management measures for the pilot project and report them to the People's Bank of China and the China Banking Regulatory Commission for the record. The county-level branches of the People's Bank of China in the pilot area and the dispatched offices of the local CBRC should strengthen cooperation and information exchange with the local departments of finance, insurance and agriculture, formulate and implement specific measures for the pilot work, strengthen the management of the pilot work, report the progress of the pilot to the higher authorities in a timely manner, and strengthen follow-up monitoring and effect evaluation.

from the second half of this year, the central province and the northeastern province will each choose-qualified counties (cities) to carry out the pilot scheme design and pilot implementation, and each province will focus on-financial product innovation and promotion. At the same time, the provincial branches of the People's Bank of China and the provincial agencies of the China Banking Regulatory Commission in the pilot areas should promptly supervise, guide and evaluate the pilot development, and comprehensively summarize the innovative experience of financial products and service methods in the pilot areas. The head office of the People's Bank of China, together with the China Banking Regulatory Commission, will select some mature innovative products with characteristics in due course to promote them in other qualified areas of the country.

Please ask the provincial branches of the People's Bank of China in the central and northeastern provinces and the provincial dispatched offices of the China Banking Regulatory Commission to jointly forward this opinion to relevant financial institutions within their respective jurisdictions to coordinate and implement the work. Please report to the People's Bank of China and the China Banking Regulatory Commission in a timely manner the situations and problems found in the pilot process. ， 1 2 3