The Zhitong Finance App learned that on October 29, the Ministry of Agriculture and Rural Affairs website published “Risk Reminder on Recent Lawbreakers Misrepresenting Our Agricultural and Rural Infrastructure Financing Project Bank Service and Falsely Promoting Agriculture-related Projects”. Among them, it was mentioned that our department does not have false investment and financing projects or special investment funds such as the “National Agriculture Reinvestment Special Support Loan” or “Three-dimensional AI Shrimp Farming Special Fund Project.” Don't take false publicity from illegal agencies that they can handle project declarations from ministries and departments, receive large amounts of special support funds, and require advance payment of processing fees, inspection fees, and data fees.
The original text is as follows:
Risk warning about recent lawbreakers misrepresenting our agricultural and rural infrastructure financing project bank service and falsely promoting agriculture-related projects
Recently, agricultural and rural departments and agricultural operators at different levels, such as provinces, cities, and counties, reported to us that some illegal agencies and individuals fraudulently used the name of Ministry of Agriculture and Rural Affairs staff or experts in the field of rural revitalization to distort the service function of the agricultural and rural infrastructure financing project bank (hereinafter referred to as “financing project bank”) built by our department, using the guise of project planning, investment and financing consulting, to agricultural operators to distribute all or most of the relevant project investment to agricultural operators. Large low-interest loans do not occupy the enterprise's existing credit limit and are not subject to repayment or project capital. From central enterprises state-owned enterprises False information such as products being paid in advance and produced are fully underwritten by the state, or false claims that investment and financing projects can be submitted to our department through special channels to defraud agricultural operators of money. Some scams also require local governments to cooperate in providing land, designating state-owned enterprises to advance funds, and falsifying processes such as hierarchical declarations and on-site inspections by ministries and departments. Related fraudulent activities seriously disrupt the market order and damage the rights and interests of business entities. We hereby remind you that:
1. The Financing Project Bank is a public service platform established by our Ministry. It is an important gripper for agricultural and rural departments at all levels to promote financial agricultural support work and guide the expansion of credit investment in the “three rural areas” based on their functional responsibilities. The financing project bank mainly provides services such as policy release, project reserve management, financing docking, financing monitoring, statistical analysis, interest rate review, account registration, case sharing, etc., to help improve the availability of investment and financing for industrial development and infrastructure construction in key areas and the quality and efficiency of financial services. The above services provided by the Financing Project Bank are all public welfare, and no fees are charged to agricultural operators.
2. Our Ministry does not have false investment and financing projects or special investment funds such as the “National Agriculture Reinvestment Special Support Loan” or “Three-dimensional AI Shrimp Farming Special Fund Project”. Don't take false publicity from illegal agencies that they can handle project declarations from ministries and departments, receive large amounts of special support funds, and require advance payment of processing fees, inspection fees, and data fees.
3. If there is a real need for financing, please connect with formal financial institutions such as local banks and agricultural credit cooperatives and submit application materials in accordance with regulations. If you need help connecting, you can consult the local agricultural and rural departments, or visit the Ministry of Agriculture and Rural Affairs Comprehensive Financing Service Platform for Major Projects (https://apfp.agri.cn)融资项目库板块填报相关信息，申请融资对接服务，并依规享受设施农业贷款贴息、设备更新贷款等惠农政策).
4. Banks with financial project bank cooperation qualifications include China Development Bank, Agricultural Development Bank, Export-Import Bank, Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, Postbank, China CITIC Bank, SPD Bank, Everbright Bank, Industrial Bank, China Merchants Bank, Guangfa Bank, Huaxia Bank, Zheshang Bank, Bohai Bank, Ping An Bank, Hang Fung Bank, and Minsheng Bank, as well as 5 systemically important commercial banks, including Bank of Beijing, Bank of Ningbo, Bank of Jiangsu, Bank of Nanjing, and Bank of Shanghai. The “three rural” credit products and services launched by relevant partner banks all have strict application conditions, approval procedures, and fund supervision requirements. There are no unconventional measures such as excessive amounts, zero thresholds, and no repayment requirements.
Please be alert, carefully check the authenticity of the information, and beware of being deceived. If you discover such false publicity or suspected fraudulent leads, please promptly report the case to the public security authorities.
This article was edited by the Ministry of Rural Agriculture, Zhitong Finance Editor: Chen Wenfang.