Core Viewpoint - The introduction of "Agricultural Product Warehouse Receipt Pledge Loan" by Hengfeng Bank addresses the financing difficulties faced by agricultural product storage, enhancing access to credit for farmers and related businesses [1][2] Group 1: Agricultural Product Warehouse Receipt Pledge Loan - The product allows individuals or enterprises engaged in the cultivation, storage, production, processing, and trading of geographical indication agricultural products to obtain loans by pledging physical warehouse receipts [1] - Borrowers must be at least 18 years old and not exceed 70 years old at loan maturity, with a maximum financing limit of 10 million yuan and a loan term of up to 3 years [1] Group 2: Innovation and Technology in Financing - The loan process is expedited, taking only three minutes for the main procedure, significantly improving financing speed [2] - Real-time management of goods is facilitated through sensors and smart AR cameras linked to a monitoring and early warning center [2] - The use of blockchain technology ensures the authenticity and traceability of goods, providing clear ownership rights [2] - High safety of loans is achieved through comprehensive data analysis from various sectors, ensuring precise allocation of financial resources [2] Group 3: Expansion and Future Plans - The product has been successfully implemented in multiple regions within the province, covering various local agricultural products such as garlic, chili, and apples, and has expanded to include specialty products like medicinal herbs from Yunnan [2] - Hengfeng Bank aims to continue innovating inclusive financial products to support rural revitalization in line with central economic work conference directives [2]