Banding, vice chairman of CBRC, says to activate rural financial markets

Shing, vice chairman of China Banking Regulatory Commission, recently stressed in Shanxi province that it is necessary to vigorously cultivate and develop new types of rural financial institutions, and to exert good "small institutions" and "small credit" to improve rural financial services and activate the rural finance market.　　Shing said that to innovate the service product way, vigorously develop the household small credit loan and the UNPROFOR loan business, explores the innovation management operation pattern, effectively solves the risk and the cost question which restricts its development.　　Banding also stressed that the promotion of rural financial reform, development and service work must pay attention to and strengthen risk prevention and mitigation. Previously, the central bank also said that to increase financial support for the "three rural" development efforts, to explore and improve the financial risk compensation mechanism for agriculture, through the establishment of risk funds, development of agricultural insurance, to enhance financial institutions to support the development of urban and rural integration of the initiative.