China Development Bank is a state agency and a public institution; Agricultural Development Bank of China is a policy bank and a public institution; the four major state-owned commercial banks, Bank of Communications and more than 10 national joint-stock banks are all enterprises , the four major state-owned commercial banks were ultra-large state-owned enterprises before the restructuring, and became joint-stock enterprises controlled by the State-owned Assets Supervision and Administration Commission after the restructuring.

The Agricultural Development Bank of China is a central financial enterprise and the only agricultural policy bank in China directly under the leadership of the State Council. It was established in November 1994. Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies, undertake agricultural policy financial services, act as an agent for the allocation of fiscal funds to support agriculture, and serve agriculture and rural economic development.

The Ministry of Finance and the State Administration of Taxation recently issued the "Notice on the Preferential Business Tax Policy for Agriculture-related Loans of the Agricultural Development Bank of China", clarifying that from January 1, 2016 to December 31, 2018, China's agricultural The head office of the Development Bank and its branches provide agriculture-related loans, including agricultural and rural infrastructure construction, water conservancy construction loans, rural land transfer and large-scale operation loans, concentrated housing construction for farmers, rural residential environment construction, and agriculture-related shantytown renovation loans. The interest income obtained is subject to business tax at a reduced rate of 3.

Introduction:

The Agricultural Development Bank of China is China’s only agricultural policy bank directly under the leadership of the State Council. It was established in November 1994. Its main responsibilities are to raise funds based on national credit in accordance with national laws, regulations and policies, undertake agricultural policy financial services, act as an agent for the allocation of fiscal funds to support agriculture, and serve agriculture and rural economic development.

Since its founding, the Agricultural Development Bank of China has advanced through exploration, developed through reform, and has gone through an extraordinary journey. Guided by the Scientific Outlook on Development, the Agricultural Development Bank of China conscientiously implements the spirit of the 57th Executive Meeting of the State Council in 2004, resolutely obeys and serves the national macro-control, comprehensively implements various national policies to strengthen and benefit agriculture, and regards achieving good social benefits as its The most important value pursuit. By 2013, a business development pattern had been formed with supporting the national grain and cotton purchase, sale and storage business as the main body, and supporting agricultural industrialization operations and agricultural and rural infrastructure construction as the two wings. It initially established a modern banking framework, achieved major leaps in operating performance, and effectively played It has played a backbone and pillar role in rural finance.

With the comprehensive advancement of the construction of a new socialist countryside and the continuous deepening of the reform of the rural financial system, the Agricultural Development Bank of China has entered a period of important development opportunities. Standing at a new starting point and facing new opportunities, the Agricultural Development Bank of China will, as always, give top priority to the implementation of party and national policies, and further play its role as a policy bank in serving the country's macro-control and promoting the development of "agriculture, rural areas and farmers". Strive to be the government's bank; we will continue to adhere to reform and innovation, actively cooperate with the external supporting reforms of the Agricultural Development Bank of China, and adhere to the principles of reasonable development space, scientific governance structure, sound systems and mechanisms, standardized operation and management, advanced operating methods, and sustainable development capabilities. Requirements, improve the system and mechanism, strengthen operation and management, and strive to build a modern agricultural policy bank; it will continue to support the national grain and cotton purchase, sale and storage business as the main body, with the focus on supporting agricultural industrialization operations, agricultural and rural infrastructure construction and ecological agriculture construction , strive to cultivate the brand image of “a bank that builds new rural areas” and become a bank that supports the construction of new rural areas.