The Agricultural Development Bank of China (ADBC) has pre-arranged 150 billion
yuan in financing ahead of the summer grain purchase season and will reallocate
funds as needed to ensure summer-harvest liquidity. ADBC rolled out supporting
measures including fee cuts and pricing concessions on market-based grain and
edible-oil purchase-sale loans and differentiated credit policies to meet
diverse borrower needs. It has deployed research teams to Henan, Hubei and other
summer-grain provinces to assess local conditions and prices, prepare
contingency plans to trigger or withhold minimum procurement prices, and stand
ready to support local governments on emergency procurement in areas at risk of
disaster-related selling disruptions.
