China's Agricultural Bank into an agreement

Monday, 19/09/2016 | 09:30 GMT

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China's one of the largest lenders, the Agricultural Development Bank, came to a 3 trillion yuan agreement for modernizing the nation's agricultural sector by 2020, the media stated on Sunday.

China's Ministry of Agriculture agrees

The bank and the Ministry of Agriculture signed an agreement for protecting national food security, and developing the nation's seed sector, and business overseas.

Furthermore, the above agreement aims to boost rural income growth as well as support the agricultural industry.

Moreover, the nation's Agricultural Development Bank will be responsible for the management of financial services, including the setup of interest rates, and financial products offerings.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-agricultural-bank-into-an-agreement

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