作者：金融界银行研究院院长 陈国汪 2026年中国人民银行工作会议1月5日—6日召开。会议提出，要继续实施好适度宽松的货币政策。"把促 进经济高质量发展、物价合理回升作为货币政策的重要考量，灵活高效运用降准降息等多种货币政策工 具，保持流动性充裕，保持社会融资条件相对宽松，引导金融总量合理增长、信贷投放均衡，使社会融 资规模、货币供应量增长同经济增长和价格总水平预期目标相匹配。畅通货币政策传导机制，发挥好政 策利率引导作用，做好利率政策执行和监督，促进社会综合融资成本低位运行。有序扩大明示企业贷款 综合融资成本工作覆盖面，推动明示个人贷款综合融资成本"。 人民银行2026年的货币政策将对不同类型银行业金融机构经营发展带来不同的影响。银行业金融机构如 何利用货币政策，错位经营，推动自身差异化特色化发展，将对整个十五五期间的发展带来深远影响。 核心政策要点预测 央行2026年工作会议明确适度宽松货币政策总基调，根据国内经济金融运行情况，考虑美联储可能大幅 降息和中美贸易战等因素，预计2026年货币政策的核心量化特征包括： 降准降息空间：预计全年降准1-2次（释放长期流动性1-2万亿元），降息10-25BP（5年期 ...

该行工作人员还针对村民在生产经营、创业发展中的资金需求，带来通俗易懂的金融知识宣讲和产 品推介，并实时为村民答疑解惑，让金融服务真正走进田间地头。 如今，在沭阳大地，金灿灿的稻谷装满了粮仓。这片土地的丰收图景背后，离不开沭阳农商银行始 终坚守的"三农"服务初心。从种植端到加工端、从农户需求到商户难题，沭阳农商银行以精准化的金融 服务，打通粮食产业从"丰产"到"丰收"的最后一公里。今年以来，该行已累计向当地粮食种植、加工、 仓储等产业链主体发放粮食贷款余额达18.11亿元，让"粮袋子"更稳、"钱袋子"更鼓的承诺，在田间地头 落地生根。 责任编辑：袁浩 在江苏沭阳，稻浪翻滚，大地铺金。恰逢丰收季节，沭阳农商银行积极行动，将金融能量精准注入 田间地头和农业生产一线。以量身定制的金融产品和高效灵活的服务机制，扎实助力秋收生产，守护大 国粮仓。 正值秋收秋种关键时期，农机装备需求迎来全年高峰。针对农机研发、制造、经销、购置全链条中 长期存在的"融资难、担保难"问题，沭阳农商银行以科技赋能和模式创新为抓手，创新推出"农机贷"产 品，随用随贷，方便快捷，以实实在在的服务助力丰产丰收。 围绕粮食行业的经营特点，沭阳农商银行提 ...

Core Insights - China's agricultural technology innovation has made significant progress, with the contribution rate of agricultural technology advancement reaching 63.2% and the comprehensive mechanization rate of crop farming exceeding 75% [2][3] - The Ministry of Agriculture and Rural Affairs emphasizes the need to cultivate leading agricultural technology enterprises and strengthen their role in innovation [2][5] Group 1: Agricultural Technology Innovation - The structural contradiction of "many papers and patents, but few industrial transformations" in agricultural technology innovation has been a long-standing issue [3] - The Ministry of Agriculture and Rural Affairs has initiated a program to support enterprises in taking a leading role in agricultural technology innovation, encouraging them to participate in decision-making and major projects [3][5] - A database of agricultural technology enterprises has been established, currently including over 2,600 companies across five major fields: seed industry, agricultural machinery, planting and breeding, agricultural inputs, and food processing [4] Group 2: Collaboration and Integration - A number of innovation alliances led by technology enterprises have been established to enhance the integration of production, education, and research [5] - Companies are collaborating with top universities and research institutes to address key challenges in agricultural technology, significantly improving production efficiency [5][6] - The participation of enterprises in major agricultural technology projects has reached 50% of total participants, indicating a strong collaborative effort [5] Group 3: Market-Driven Innovation - Companies like Boyuan Biotechnology are leveraging market insights to develop innovative solutions, significantly improving efficiency in genetic transformation and gene editing [6] - The agricultural machinery sector is experiencing a transformation towards high-end, intelligent, and green products, driven by companies like Zoomlion [7] - The innovation index of agricultural enterprises in China has shown steady growth over the past five years, reflecting increased investment in innovation [7] Group 4: Support Mechanisms - A comprehensive support system is being developed to enhance the innovation capabilities of agricultural enterprises, including financial support and talent cultivation [8][9] - Various banks are offering tailored financial products to address the funding challenges faced by agricultural technology companies [9] - Initiatives such as the "Agricultural Park Science and Technology Enterprise Loan" are being introduced to support the development of agricultural technology enterprises [9]

Core Viewpoint - The article emphasizes the importance of county-level development in China's modernization, highlighting its role as a foundation for the national economy and a potential area for future domestic demand growth [2]. Group 1: County-Level Economic Significance - Counties connect urban and rural areas, covering over 90% of China's land and housing more than 600 million people, contributing nearly 40% to the national GDP [2]. - Understanding county dynamics is essential for grasping the resilience and potential of the Chinese economy [2]. Group 2: Financial Support for Agriculture - Agricultural Bank of China is focusing on long-term investment needs in agricultural technology and industrial upgrades, introducing specialized financial products like "Technology e-loan" and "Agricultural Machinery Loan" [9]. - The bank's support has enabled companies like Zhongyu Food to enhance their production capabilities, transforming wheat into high-value functional ingredients [6][9]. Group 3: Innovations in Agricultural Production - Innovations in agricultural machinery, such as hybrid power tractors and unmanned tractors with navigation systems, are being developed to improve efficiency and sustainability [7]. - Financial support is crucial for these technological advancements, enabling the transformation of agricultural productivity [7][9]. Group 4: Seed Industry Development - The seed industry is likened to the "chip" of agriculture, with significant financial backing needed for seed breeding and production [11]. - Agricultural Bank has provided substantial loans to seed companies, facilitating their growth and operational efficiency [12][13]. Group 5: Supply Chain Financing - Agricultural Bank's "Agricultural Bank Smart Chain" platform integrates financial services with supply chain management, providing financing solutions based on real-time data [16][18]. - This model has successfully supported companies like Wuzheng Group, enabling them to manage cash flow and enhance production capabilities [18]. Group 6: Digital Transformation in Agriculture - The formation of new agricultural productivity relies on digital support across the entire supply chain [21]. - Agricultural Bank is actively embedding financial services into local government initiatives, enhancing the alignment between financial resources and regional development goals [21][22]. Group 7: Community and Credit Building - The concept of "credit" is evolving into a digital asset for farmers, promoting responsible borrowing and community accountability [23]. - Initiatives like "whole village credit" have been implemented, resulting in significant loan disbursements and improved community dynamics [23]. Group 8: Post-Harvest Financial Solutions - Financial services are being tailored to address post-harvest challenges, such as grain drying and storage, ensuring efficient operations during critical periods [25][26]. - The integration of data-driven financial solutions is enhancing the efficiency of agricultural production and supply chain management [26].

Core Viewpoint - The article highlights the transformation of the agricultural sector in China, particularly focusing on the wheat industry in Shandong, where innovative practices and financial support are enhancing productivity and value creation in the agricultural supply chain [2][3][7]. Group 1: Agricultural Innovation - The wheat industry in Shandong is evolving from basic grain production to high-value functional raw materials, with companies like Zhongyu Food Co. leading the way in deep processing and extraction of functional components from wheat [2][7]. - The integration of technology in agriculture is evident through the development of advanced machinery, such as hybrid tractors and autonomous seeders, which improve efficiency and reduce energy consumption [3][8]. - Financial institutions, particularly Agricultural Bank, are playing a crucial role in supporting agricultural innovation by providing tailored financial products like "Tech e-loans" and "Agricultural Machinery Loans" to facilitate research and development [3][11]. Group 2: Financial Support and Impact - Agricultural Bank has provided significant financial support to companies in the agricultural sector, with Zhongyu Food receiving over 900 million yuan in loans to enhance its processing capabilities [7]. - In Heilongjiang, the bank's "Longjiang Seed Industry Special Loan" helped Xin Feng Seed Industry Co. with 5 million yuan to alleviate cash flow issues during the harvest season, demonstrating the bank's proactive approach to supporting local agricultural enterprises [5][6]. - The bank's innovative financing models, such as "Order e-loans" and "Supply Chain Financing," have enabled companies like Wuzheng Group to streamline their operations and improve cash flow management [9][10]. Group 3: Digital Transformation - The article emphasizes the importance of digitalization in agriculture, with Agricultural Bank leveraging data to enhance financial services and support local government initiatives [11][12]. - The integration of digital platforms allows for better credit assessment and resource allocation, as seen in the "Village Credit" model, which has facilitated over 500 billion yuan in loans across thousands of villages [12][13]. - Digital financial services are reshaping the agricultural landscape by providing farmers with access to credit based on their operational data, thus promoting a more efficient and responsive agricultural economy [15][16].

Group 1 - The article highlights the role of inclusive finance in supporting agricultural modernization and rural development during the 26th Central China Agricultural Expo held from November 14 to 17 [1][3] - Financial institutions and enterprises presented various solutions to address financing difficulties for farmers, including specialized loan products like "Huinong Loan" series by Hunan Agricultural Credit Financing Guarantee Co., which has a guarantee balance of 12.406 billion yuan and has supported over 18,500 clients [1][3] - China Post, in collaboration with Postal Savings Bank, utilizes its extensive network to provide inclusive financial services to rural clients, with 70% of personal customers located in county-level areas and below [3] Group 2 - Hunan Province has implemented a series of policies to enhance financial support for rural revitalization, including loan interest subsidies and risk compensation measures, with plans for further initiatives in 2024 focusing on food security and agricultural industry revitalization [3][4] - Agricultural enterprises, such as Yiyang Fujia Technology Co., benefit from financial support like "Agricultural Machinery Loans" from China Agricultural Bank, which has facilitated over 5 million yuan in loans for agricultural cooperatives and farmers [4] - The financial support has lowered the purchasing threshold for agricultural machinery, enabling farmers and cooperatives to improve production efficiency and generate returns within a year, thus creating a positive cycle of investment in research and development for agricultural enterprises [4]

Core Viewpoint - The article highlights the successful collaboration between local agricultural banks and farmers in Jiangsu Province, particularly in Huai'an, to enhance agricultural productivity and ensure food security through financial support and modern farming equipment [1][2][4]. Group 1: Agricultural Financing - Agricultural Bank of Jiangsu Huai'an Branch has provided financial products like "Huinong (Agricultural Machinery) Installment" and "Agricultural Machinery Loan" to support local farmers in purchasing modern farming equipment [1][4]. - A total of 155 grain harvesting entities have benefited from these financial products, purchasing tractors, harvesters, and seeders, with partnerships established with 17 agricultural machinery sales companies [1][4]. Group 2: Grain Production and Processing - Huai'an, known as a major grain production area, has over 10 million acres of grain sowing area and a total output of nearly 10 billion pounds, making it a critical base for national grain supply [2]. - The local agricultural bank has launched various loan products, such as "Grain Farmer e-loan" and "Huinong e-loan," to alleviate funding shortages for grain purchasing, benefiting large-scale grain buyers like Gong Shuyan [2][3]. Group 3: Timely Financial Support - The bank's timely financial support has enabled local businesses, such as Jiangsu Lingyou Rice Industry Co., Ltd., to expand their grain purchasing scale, with loans issued promptly to meet urgent funding needs [3][4]. - As of the end of September, the bank has disbursed a total of 1.42 billion yuan in loans to grain brokers and storage processing entities, demonstrating its commitment to supporting the agricultural sector [4]. Group 4: Strategic Focus on Food Security - The bank emphasizes the importance of food security as a priority, aligning its services with national policies to enhance agricultural productivity and ensure a stable food supply [4]. - The bank aims to strengthen cooperation with government and agricultural partners, focusing on improving grain production, agricultural machinery upgrades, and supply chain services [4].

Core Insights - Continuous rainy weather in Shandong province has severely impacted the autumn grain harvest, leading to a surge in demand for grain drying and storage services [1] - Financial institutions in Dongying have actively responded to the funding needs of agricultural entities, facilitating a significant increase in autumn grain purchase loans [1][2] Group 1: Financial Support Initiatives - The People's Bank of China Dongying branch organized financial meetings to understand the funding needs of various agricultural entities and enhance financial services for autumn grain collection [1] - As of early October, banks conducted 59 financing connection activities and issued autumn grain purchase loans totaling 713 million yuan, a 57.42% increase compared to the same period last year [1] - The Industrial and Commercial Bank of Dongying established a communication mechanism with grain purchase entities to assess their funding needs and ensure timely cash flow [2] Group 2: Loan Products and Services - Financial institutions have introduced diverse loan products such as "Grain Purchase Loans," "Agricultural Machinery Loans," and "Beneficial Agricultural Loans," with relaxed collateral requirements and favorable interest rates [3] - The Agricultural Bank of Dongying provided 2 million yuan in "Lu Dan Hui Nong Loans" to a local agricultural cooperative, enabling them to enhance their grain drying and collection capabilities [3] - By October 13, financial institutions in the city had issued a total of 120 million yuan in loans to support various agricultural entities in purchasing equipment and facilitating the grain harvest [3]

Core Insights - The event "Xingnong Cuohe: Park Grand Tour" focused on the smart agricultural machinery industry in Jiangsu, organized by Industrial and Commercial Bank of China Jiangsu Branch in collaboration with the Ministry of Agriculture and Rural Affairs [1][3] - Since its launch in 2021, the "Xingnong Cuohe" series has provided comprehensive services to 480,000 agricultural operators, supporting modern agricultural parks and specialty industry clusters [3] - The event highlighted the importance of financial support in promoting high-quality development in the smart agricultural machinery sector, with the Jiangsu Branch having issued over 30 billion yuan in related loans [3][4] Financial Support and Innovation - The Jiangsu Branch of ICBC aims to enhance financial supply in the smart agricultural machinery sector through a dual-driven model of "industrial chain finance + scenario finance," focusing on increasing volume, reducing costs, and expanding coverage [4] - The bank has introduced innovative products such as digital supply chain financing and "Agricultural Machinery Loans" to lower financing costs for enterprises [3][4] - The event facilitated partnerships between financial institutions and agricultural machinery companies, including signing comprehensive financial service agreements with key local enterprises [6] Industry Development and Collaboration - Experts from Jiangsu University and other institutions discussed the current status and future prospects of the smart agricultural machinery industry, emphasizing the need for policy support and technological advancements [4] - The event served as a platform for multi-party cooperation among government, banks, enterprises, and educational institutions, promoting effective integration of financial resources with the real economy [6] - The collaboration aims to enhance innovation and mutual support among participants in the smart agricultural machinery sector, reinforcing the role of finance in ensuring food security and advancing rural revitalization strategies [6]

Core Viewpoint - The article highlights the proactive measures taken by financial institutions in Shandong Province to support farmers during the critical autumn harvest season, particularly in response to adverse weather conditions that have affected crop yields [1][3][14]. Financial Support and Risk Mitigation - Financial institutions are increasing disaster reduction funding and providing specialized financial products to support farmers in their autumn harvest and planting efforts [1][3][12]. - Insurance companies are utilizing technology such as drones and remote sensing to enhance damage assessment efficiency and expedite claims processing [14][15][17]. - The Shandong Provincial Financial Office has organized local financial systems to provide efficient services and support for autumn grain harvesting [3][12]. Agricultural Operations and Equipment - Various financial institutions are coordinating the use of agricultural machinery, such as tracked harvesters and mobile dryers, to assist in the timely harvesting and drying of crops [3][4][7]. - Specific initiatives include the establishment of agricultural machinery reserves and the donation of equipment to enhance drainage capabilities in affected areas [8][4]. Credit and Loan Initiatives - Agricultural banks have been actively providing loans to grain customers, with a reported total of 120.68 billion yuan in loans issued to 11,300 clients this year [11][13]. - The Industrial and Commercial Bank of China has introduced over 40 specialized financing products to meet the diverse needs of farmers during the autumn harvest [12][13]. Technology in Insurance and Claims Processing - Insurance companies are employing drones and remote sensing technology to quickly assess crop damage, with some companies reporting a 50% reduction in the time required for damage assessments [14][15]. - The use of a "green channel" for claims processing has been established to ensure rapid compensation for farmers, with some claims being paid within 24 hours of assessment [14][17]. Community and Volunteer Support - Insurance company volunteers are actively assisting farmers in harvesting crops, demonstrating a community-oriented approach to support during challenging weather conditions [5][7]. - Local financial institutions are also engaging in community outreach to ensure that farmers are aware of available resources and support [11][12].