The People's Bank of China, together with the Ministry of Agriculture and Rural Affairs and the National Financial Regulatory Administration, issued a joint notice to scale up financing secured by agricultural facilities and live poultry and livestock, widening the range of acceptable rural collateral and setting expectations for more standardised registration, valuation and risk management. The notice prioritises higher-investment-value agricultural facilities and live animals with clear ownership, and calls for more formalised title confirmation and registration workflows, including digital identification approaches such as electronic ear tags and biometric tools. It encourages mortgage registration and searches through the People's Bank of China Credit Reference Center unified registration and publicity system for movable property financing, and supports local digital collateral-management platforms that assign exclusive QR codes. Financial institutions are encouraged to develop dedicated products, explore supply-chain finance and an “agricultural insurance plus financing” model, extend more medium- and long-term credit, and improve information sharing and matching through credit and agricultural financing platforms. Risk measures include stronger use of the national agricultural credit guarantee system, expanded insurance coverage, enhanced post-lending monitoring, and the use of IoT-enabled tools to manage pledged assets. Disposal arrangements cover multi-level rural property trading platforms, “pre-trading” arrangements to facilitate enforcement, and broader liquidation channels including market-based participation by asset management firms and other eligible entities. Policy support tools include the use of monetary and credit measures to encourage greater loan supply, continued roll-out of an interest-subsidy pilot for modern facility agriculture construction loans, and encouragement for local risk-compensation funds. The People's Bank of China will coordinate with the other agencies to summarise local and institutional practices and refine supporting arrangements as implementation progresses.
Central Bank of the Republic of China 2025-12-19
People's Bank of China, Ministry of Agriculture and Rural Affairs and National Financial Regulatory Administration promote lending secured by agricultural facilities and live livestock
The People's Bank of China, the Ministry of Agriculture and Rural Affairs, and the National Financial Regulatory Administration issued a notice to enhance financing secured by agricultural facilities and livestock. The initiative aims to expand acceptable rural collateral, standardize registration and valuation, and improve risk management. Financial institutions are encouraged to develop tailored products, explore supply-chain finance, and utilize digital tools for collateral management and risk mitigation.