Comments 
Print 
Mail 
Large Medium SmallBEIJING -- China's banking regulator announced Saturday that its regulations on farmer loans will come into force on January 1 next year.
The regulations, which have recently been published by the China Banking Regulatory Commission, will regulate farmer loan issuance and help financial institutions strengthen risk management to avoid bad debts, according to a statement from the CBRC's website.
The regulations also aim to improve farmers' access to financial services and protect their legitimate rights, the statement said.
By the end of June, Chinese financial institutions had extended 3.48 trillion yuan ($552.38 billion) in loans to farmers, up 160 percent from the end of 2007, according to data from the CBRC.
At the end of June, loans to farmers accounted for 21.4 percent of the total agriculture-related loans issued by the nation's financial institutions.
Top 10 Chinese internet companies
Fun time for children at international toy expo in Beijing
Huawei launches new smartphone P9 in Vietnam
Top 10 box office movies on China market in H1
Woman resigned from high salary job to make notebooks
Hurun publishes Global Chinese Big Philanthropy Report 2016
Top 10 new economy issues in China
Wetland helps preserve ecology of Dianchi Lake
Sports star Ivanovic, Schweinsteiger holds wedding in Venice
Relive the glories and defeats in France-Germany rivalry
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
