Agricultural Bank of China Plans to Make 300 Billion Rural Loans in Autumn


China’s specialised agricultural lender has committed to increased lending in upcoming months to better support the Chinese farming sector.

Agricultural Bank of China (ABC) recently announced that it will provide greater support to harvesting during the autumn season with at least 300 billion yuan in loans to the farming sector.

The big state-owned lender said will also step up efforts to support the Chinese central government’s rural village revitalisation strategy.