11.
11.16
16:02

China: Securities Fund to stimulate corn sales

China has launched a fund to get lenders collateral for maize purchases from domestic production.
Thus especially processors should be enabled to Northeast China in the situation, to buy local corn. The most corn processors should have not the necessary collateral for a loan. Lending for grain purchases are considered very risky for the banks.
With the Fund, the agricultural development Bank, Ministry of finance, China banking supervision and the State grain administration built on who the Government wants to stimulate lending and corn consumption mainly in northeastern of China.

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