ABC implementing ‘Four Urbanization” program

Will actively engage development opportunities arising from urbanization.

Agricultural Bank of China, Ltd, the third largest bank, said it will fully implement its "Four Urbanization" financing programs this year.

The four components of this program are the county-level retail business enhancement program; the "121" program for major county sub-branches; the financial "Thousands" program for rural industries and the "Kins Farmer's Benefit Express" program already under way.

ABC will continue to actively explore better ways for industrialization and urbanization of finance and modernization of agriculture.

ABC will also promote business transformation, grant loans to farmer households up-and-down the agro-industrial chain, and extend the pilot program on concentrated operation to provide better micro-finance service for farmer households.

Special outreach programs will extend more credit to farmer households, provide more credit for poverty relief and increase financing for rural infrastructure.

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