Banks create big data platform, offer GI trademark loans to farmers in Fujian province to boost business
Banking institutions in Fujian province have strengthened financial support for local farmers and agricultural businesses through innovative methods of lending as they strive for rural vitalization.
Rural credit unions and commercial banks in Quanzhou, Fujian province, are issuing geographical indication, or GI, trademark pledge financing to authorized trademark users amid explorations of turning intangible resources into tangible assets.
Yongchun county in Fujian has more than 667 hectares of Narcissus oolong tea gardens, with a total production capacity exceeding 1,500 metric tons per year. In 2009, Narcissus oolong tea from Yongchun was awarded the national geographical indication trademark…