As a macro financial regulator, the PBC attaches great importance to this task and has made strenuous efforts in advancing financial reform, improving financial services in rural areas and strengthening financial support to balanced urban-rural development according to the overall arrangements of the State Council. First, deepen rural financial reform.
Efforts have been made to promote the shareholding reform of Agricultural Bank of China (ABC), guide the Agricultural Development Bank to raise funds from the market, steadily advance pilot projects of new rural financial institutions including micro credit companies, village banks and rural funding cooperatives to establish a multi-tiered rural financial service system. Second, strengthen financial support for rural areas.