畜禽活体抵押这一创新信贷模式的推广离不开新产品、新技术的配套支持。《通知》鼓励推广电子耳 标、生物识别等数字化技术应用；鼓励有条件的地区建设数字化管理平台，赋予抵押资产专属"二维 码"，探索与乡村振兴领域数字一体化平台对接。何婧认为，畜禽活体价格有天然的波动性，且易遭受 疫病、自然灾害等不确定性风险冲击，需要技术支持实现客观精准定价和持续动态监管。 在四川省凉山州喜德县牛多多牧业有限责任公司，牛的耳朵上佩戴着智能耳标。借助智能耳标、视频监 控、AI点数等技术手段，银行让押品看得见、管得住，畜禽的靠天散养也变成了智慧管理。公司负责 人古有才介绍，公司在计划采购肉牛扩充存栏量时遇到了资金缺口，是农业银行的"智慧畜牧贷"帮了大 忙。"智慧畜牧贷"是农业银行为解决活体资产抵押难题推出的创新产品，既能解决活体牲畜押品的身份 识别难题，又能通过自动采集生命体征数据、远程查看、自动预警等功能实现有效的贷后管理。 在风险共担上，《通知》鼓励探索"农业保险+融资"模式，加强信息共享与融资对接服务；提出建立健 全信贷风险分担和监测机制，探索创新担保服务路径，扩大保险覆盖范围。贵州省铜仁农商银行推出以 活体资产为核心抵押物的产品， ...

Core Insights - The 2025 Central Document No. 1 emphasizes the promotion of livestock collateral financing loans, transforming livestock agricultural production into collateral recognized by financial institutions, creating new opportunities for local specialty breeding industries [1] Group 1: Industry Development - Ningxia Wuzhong City is located in the internationally recognized "Golden Milk Source Belt," with three major dairy farming core areas and a dairy cow stock of 308,000, accounting for 33% of Ningxia's total dairy cow stock [1] - The comprehensive industrial chain of dairy farming, including feed planting, dairy cow breeding, dairy processing, and cold chain logistics, has a total output value exceeding 30 billion, contributing approximately 32% to the regional GDP [1] - The dairy industry has become one of the six key specialty agricultural industries in Wuzhong City [1] Group 2: Financial Mechanisms - The People's Bank of China Wuzhong Branch has expanded the range of rural collateral to activate rural live assets, addressing financing challenges for specialty industries [2] - As of May, the balance of live collateral loans in Wuzhong City reached 700 million, supporting 110 breeding entities, with dairy cow live collateral loans accounting for 620 million [2] - A coordination mechanism involving government departments, commercial banks, and breeding enterprises has been established to support the dairy industry [2] Group 3: Innovative Financing Models - The People's Bank of China Wuzhong Branch is developing a tiered and categorized live collateral financing model matrix to meet the diverse funding needs of breeding entities [3] - Various financing models such as "live collateral + guarantee," "live collateral + credit," and "live collateral + syndicate loans" have been introduced to lower financing costs and meet diverse funding needs [3] - Financial institutions have launched multiple live collateral loan products, effectively transforming live assets into liquid capital [3] Group 4: Risk Management - The People's Bank of China Wuzhong Branch is implementing a multi-dimensional control approach to strengthen the dynamic supervision system for live collateral, addressing the challenges of risk management in the livestock industry [4] - A unified registration system for movable property financing has been established, with 18 live collateral registrations completed from January to May 2025 [4] - Various monitoring methods, including real-time video monitoring and third-party supervision, have been adopted to ensure the value and integrity of live collateral [5]

Core Insights - The central government has introduced a policy to promote livestock collateral financing loans, transforming livestock production into recognized collateral for financial institutions, creating new opportunities for local specialty breeding industries [1] - The dairy industry in Wuzhong City, Ningxia, has developed into one of the six key agricultural industries, with a total dairy cattle population of 308,000, accounting for 33% of the region's total, and a comprehensive industrial output exceeding 30 billion yuan, representing about 32% of the local GDP [1] - The People's Bank of China in Wuzhong has been actively exploring ways to broaden the range of rural collateral, facilitating financing for rural specialty industries [2] Group 1: Policy and Financial Mechanisms - A collaborative mechanism involving government departments, commercial banks, and breeding enterprises has been established to support the dairy industry, with several policy documents issued to encourage financial institutions to include livestock as collateral [2] - As of May, the balance of livestock collateral loans in Wuzhong has reached 700 million yuan, supporting 110 breeding entities, with 620 million yuan specifically for dairy cattle [1][2] - The use of agricultural support loans has exceeded 500 million yuan, accounting for 14.8% of the city's total re-loan balance, providing financial support for the dairy industry [2] Group 2: Innovative Financing Models - The People's Bank of China in Wuzhong is promoting a tiered and categorized livestock collateral financing model to meet the diverse funding needs of breeding entities [3] - Various innovative financing models have been introduced, such as "livestock collateral + guarantee," "livestock collateral + credit," and "livestock collateral + syndicate loans," to enhance risk management and meet large financing demands [3] - Several banks have launched specific livestock collateral loan products, effectively converting livestock into financial assets and reducing financing costs for breeding entities [3] Group 3: Risk Management and Supervision - The unique characteristics of livestock collateral, such as regulatory challenges and value volatility, have led to increased risks for financial institutions [4] - A dynamic regulatory system has been implemented to strengthen the supervision of livestock collateral, including unified registration and real-time monitoring mechanisms [4][5] - The introduction of digital identification for livestock and third-party supervision has been established to mitigate risks associated with collateral value depreciation or loss [5]