Zhong Guo Jin Rong Xin Xi Wang·2025-05-05 09:55Core Viewpoint - The integration of finance and traditional Chinese medicine (TCM) in Min County, Gansu Province, is driving rural revitalization and economic growth through innovative financial solutions provided by the Industrial and Commercial Bank of China (ICBC) [1][4]. Group 1: Financial Solutions and Support - ICBC Min County branch has implemented a micro-enterprise financing coordination mechanism, focusing on "thousand enterprises and ten thousand households" outreach to provide timely financial support to local TCM farmers [1][2]. - The introduction of "Zhongzhi e-loan" has been pivotal for local TCM businesses, offering flexible loan terms that align with the long growth cycles of medicinal herbs, thus addressing the financial challenges faced by the industry [2][3]. - As of March 2025, ICBC Min County branch has disbursed a total of 92.45 million yuan in inclusive loans, receiving positive feedback from local government and farmers [4]. Group 2: Agricultural Development and Employment - The establishment of specialized cooperatives for the cultivation of cat tail grass has created a sustainable income source for local farmers, with each acre generating approximately 8,000 yuan [3]. - The cooperative model, which combines "cooperative + base + farmer," has effectively utilized local resources to enhance agricultural productivity and create job opportunities within the community [3][4]. - The financial support from ICBC has enabled rapid loan processing, with funds disbursed within three days, and lower interest rates compared to traditional loans, facilitating the growth of local agricultural enterprises [3][4]. Group 3: Economic Impact and Future Prospects - The financial initiatives have transformed the local TCM industry from a traditional sector into a thriving economic driver, contributing to increased production, market presence, and revenue generation [3][4]. - The collaboration between finance and agriculture is seen as a model for regional development, with the potential to create new opportunities and enhance the overall economic landscape of Min County [4][5].