SFA and Agri­cul­tural Bank of China ink ac­cord to pro­mote forestry in­dus­try

The Pak Banker - - Front Page -

BEI­JING

The State Forestry Ad­min­is­tra­tion (SFA) and Agri­cul­tural Bank of China (ABC) signed the Co­op­er­a­tion Frame­work Agree­ment on Pro­mot­ing the Devel­op­ment of Forestry In­dus­try in Bei­jing. Mr. Zhao Shu­cong, Ad­min­is­tra­tor of SFA, and Mr. Jiang Chao­liang, Chair­man of ABC, at­tended the sign­ing cer­e­mony.

Mr. Jiang Chao­liang said that SFA, as the government author­ity in charge of China's forestry in­dus­try, plays a lead­ing role in the in­dus­try's re­form and devel­op­ment.

Par­tic­u­larly, by push­ing for­ward the col­lec­tive for­est right sys­tem re­form in re­cent years, the long-term ob­sta­cles in sys­tems and mech­a­nisms that se­verely con­strain the in­dus­try's devel­op­ment have been re­moved. This has brought vigor and vi­tal­ity to the in­dus­try, and ef­fec­tively pro­moted the mod­ern forestry devel­op­ment and eco­log­i­cal sys­tem con­struc­tion. Forestry's roles and func­tions in the na­tional econ­omy and the so­cial and eco­log­i­cal con­struc­tion are be­com­ing in­creas­ingly prom­i­nent.

ABC is a large mod­ern sta­te­owned com­mer­cial bank fo­cus­ing on both ur­ban and ru­ral ar­eas and fea­tur­ing com­plete func­tions. For many years, re­ly­ing on its funds, out­lets, net­works and pro­fes­sional ad­van­tages, it has sup­ported a host of qual- ity cus­tomers with lead­ing po­si­tion in re­spec­tive in­dus­tries and ac­cu­mu­lated ex­ten­sive agri­cul­ture fi­nan­cial ser­vice ex­pe­ri­ence.

Af­ter its joint-stock re­form and list­ing, ABC has fol­lowed the na­tional macro poli­cies. It has made great ef­forts to pro­mote the re­form and devel­op­ment in fi­nan­cial ser­vices for San­nong (agri­cul­ture, ru­ral ar­eas and farm­ers), aim­ing to de­liver higher qual­ity fi­nan­cial ser­vices for the broad­est cus­tomers.

The sign­ing of the agree­ment is a ma­jor move of ABC and SFA to fur­ther im­ple­ment the 12th Five-year Plan on na­tional eco­nomic and so­cial devel­op­ment and the strate­gic ar­range­ment of the CPC Com­mit­tee and the State Coun­cil for ac­cel­er­at­ing the forestry devel­op­ment. Also, this is a start­ing point of deeper col­lab­o­ra­tion be­tween the two par­ties. Mr. Zhao Shu­cong said, the 12th Fiveyear Plan pe­riod is crit­i­cal for China in build­ing a mod­er­ately pros­per­ous so­ci­ety, and also a pe­riod of im­por­tant strate­gic op­por­tu­ni­ties for de­vel­op­ing mod­ern forestry, build­ing eco­log­i­cal civ­i­liza­tion and push­ing for­ward sci­en­tific devel­op­ment.

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