China’s central bank unveiled its 2014 working focus on bank loans Friday, emphasizing support for the real economy and agriculture.
One of the top goals for China’s banks is to improve financial services in rural areas. That includes experimenting with the usage of farm land as loan collateral. Another key focus is to offer better services to all sectors involved in urbanization, including construction and migration.
China’s central bank is also asking the country’s financial institutions to help promote industrial integration by issuing green loans to sectors such as energy conservation, while reducing loans to over-producing divisions.
Source: CCTV
