Study On Development Issues And Countermeasures Of Shandong Branch Of Agricultural Development Bank Of China

As a major agricultural country,the steady development of agriculture in China is the foundation for stable growth of the national economy.However,agricultural production itself has always been characterized by high risks and low returns,so commercial f inancial institutions have less involvement in the agricultural field in their business operations.In 1994,the Agricultural Development Bank of China(hereinafter referred to as the ADBC)was officially established.Its main responsibility is to actively implement various agricultural support policies under the leadership of the State Council,solve the problem of insufficient funds in the field of agricultural production and circulation,and be a firm executor of national agricul tural policies.In 2014,the State Council approved the overall plan for comprehensively deepen ing the reform of the Agricultural Development Bank of China and began implementing it in various provincial branches.As an important branch within the Agricultural Development Bank system,Shandong Provincial Branch undertakes more missions.Shandong Pro vince is a major agricultural province in China,and the business direction of the Agricultural Development Bank of China’s Shandong Branch has a huge demonstration effect in the financial system.Since its establishment,Shandong Branch has always adhered to grain,cotton,and oil credit business as its core business,and commercial business started relatively late compared to peers and even within the system.A t the same time,Shandong Branch has always faced problems such as single source of funds and narrow business scope in its own business process,so the impact of the macroeconomic downturn and the COVID-19 has further exacerbated its original problems in development,while facing new dilemmas such as emerging risks and shrinking profit margins.This article revolves around the development history and current situation,existing problems and reasons,and corresponding countermeasures of the Shandong Branch of Agricultural Development Bank of China.Firstly,the background and significance of this study were introduced,and the overall development framework of the Agricultural Development Bank was established through a comprehensive introduction.Then,the development status of Shandong Province Branch was discussed from five dimensions: business status,organizational structure,risk management,service for agriculture,rural areas,and farmers,and development system.The problems and reasons that exist in the development were proposed.On the basis of summarizing the above analysis and taking the macroeconomic downturn and the COVID-19 as the research background,this paper believes that Shandong Branch of Agricultural Development Bank of China should adhere to the basic principles of agricultural policy finance functions,consolidate the leading position of policy business,innovate commercial credit business,improve system construction,strengthen peer cooperation,expand business scope,broaden financing channels,strengthen internal governance,and accelerate Digital transformation,Build the Shando ng Branch of Agricultural Development Bank of China into a modern national policy bank that provides comprehensive services to agriculture,rural areas,and farmers,with scientific internal management and sustainable development.