Wang Wei, deputy governor of China Agricultural Bank, said at the press conference of the banking industry today that the Agricultural Bank has completed the establishment of the inclusive finance business department at the provincial branch level.

Wang Wei introduced that this year, based on the development experience of the "agriculture, rural areas and farmers" financial department, China Agricultural Bank extended the mature mechanism of the "agriculture, rural areas and farmers" financial department to the field of financial services for small and micro enterprises, and established the inclusive finance Business Department. At present, inclusive finance Division has been established at the level of tier-one branches.

Xu Jiang, general manager of inclusive finance Business Department of Agricultural Bank of China, said that all provincial branches have been set up in inclusive finance Business Department, and the next step will be to set up franchises for tier-two branches and tier-one branches. "Especially in China's manufacturing 2025 demonstration base and national dual-creation base, we require the establishment of franchisees in principle. We can set up specialized branches, financial service centers and other franchises according to the characteristics of small and micro enterprises and local endowments. " Xu Jiang said.

It is reported that in order to alleviate the difficulty and high cost of financing for small and micro enterprises, the 20 17 government work report pointed out that large and medium-sized commercial banks are encouraged to set up inclusive finance business departments, with large state-owned banks taking the lead. In May this year, the China Banking Regulatory Commission issued the Implementation Plan for Large and Medium-sized Commercial Banks to Establish inclusive finance Business Department, requiring large commercial banks to complete the establishment of inclusive finance Business Department within 20 17 years and become the backbone of inclusive finance's development. Up to now, all the head offices of the five major banks in inclusive finance have been officially listed, and preparations for the inclusive finance branch of tier-one branches are under way.