Editor’s Note: Wanshan District has innovated a mechanism featuring “government providing the platform, banks and insurance collaborating, technology empowering, and chain enterprises working together,” breaking through the longstanding restriction that live livestock and poultry cannot be used as collateral. This initiative effectively addresses the widespread challenges faced by livestock enterprises and farmers—namely, difficulties in obtaining financing, high financing costs, and low credit limits—and injects fresh financial vitality into rural revitalization. Starting today, the Wanshan District Integrated Media Center is launching a three-part series titled “Financial Vitality Nourishes Wanshan,” which will focus on how government, finance, and enterprises are collaborating to innovate live-asset collateral policies; how financial institutions are translating these policy measures into practical support for businesses; and how enterprises are leveraging loan funds to develop their industries. The first installment explores “How Wanshan Is Tackling the Financing Challenges in Livestock Raising.”

Recently, at the 2025 Government-Financial-Enterprise Symposium and the Launching Ceremony of the Pilot Policy for Livestock and Poultry Live-Asset Mortgage Loans held in Wanshan District, Tongren Rural Commercial Bank, together with Guizhou Huacheng Animal Husbandry Co., Ltd. and Wanshan Ruichang Fei Food Co., Ltd., signed on-site agreements for live cattle mortgage loans. This marks the official implementation in Wanshan District of a new financing model that integrates “live asset registration + bank credit approval + insurance protection + technology-based supervision.”

“Previously, when I wanted to expand my livestock operations, I couldn’t get a loan because I had no assets to use as collateral. Now, beef cattle can serve as ‘liquid assets,’ and the bank has directly extended a credit line of 20 million yuan to me. The first tranche of 5 million yuan has already been credited to my account—now I feel much more confident about developing my business,” said Yang Dechang, Chairman of Wanshan Ruichang Fei Food Co., Ltd., visibly excited.

As the only Class-A qualified slaughtering enterprise in Tongren City, Wanshan Ruichang Fei Food Co., Ltd. is currently advancing the renovation of its production line to meet Hong Kong’s supply standards. Yang Dechang noted, “This time, we plan to use 1,000 cattle as collateral for financing, which will result in interest rates that are more than 100,000 yuan lower than before.” Moreover, several large-scale breeding enterprises upstream have also leveraged this model to secure financing support. A new development model—“leading enterprise driving, collaborative synergy across the entire chain”—is gradually taking shape within the industrial cluster.

For a long time, live livestock and poultry have been difficult to become collateral assets recognized by financial institutions due to challenges in valuation, high risks, and complex regulatory requirements. To break through this bottleneck, the government of Wanshan District has taken the lead in drafting the “Implementation Plan for Live Livestock and Poultry Pledge Loans in Wanshan District, Tongren City (Trial),” which integrates the efforts of multiple parties—including agriculture and rural development, finance, and insurance—to establish a comprehensive service mechanism covering the entire process from registration and appraisal to credit approval, insurance, loan disbursement, and post-loan management.

Zhang Jun, Deputy President of Tongren Rural Commercial Bank, introduced that the bank has fully leveraged the People's Bank of China’s relending facilities to innovatively launch products whose core collateral consists of live biological assets such as beef cattle. Through a “single credit approval with revolving credit usage” mechanism and under a comprehensive service framework of “Bank + Insurance + Live Asset Pledge + Technology-Driven Supervision”—which employs IoT technologies like smart ear tags to dynamically monitor collateral—the bank provides tailored insurance risk protection. This approach effectively addresses the challenge faced by agricultural entities lacking traditional forms of collateral, helping livestock farmers boost their incomes and strengthening the “engine of rural revitalization.”

It is reported that since the introduction of live livestock collateral loans, banks have provided cumulative credit exceeding 30 million yuan and completed live registration for more than 160 beef cattle, helping three farming entities overcome funding challenges in both the purchase of live animals and the rearing process.

“From ‘living animals cannot be used as collateral’ to ‘living animals can be monetized,’ we’ve leveraged innovative mechanisms to bridge the ‘last mile’ in livestock financing,” said Luo Jun, Deputy Director of the Wanshan District Bureau of Agriculture and Rural Affairs. This model has effectively addressed the challenges faced by livestock enterprises and farmers—namely, difficulties in obtaining financing, high financing costs, and low credit limits—injecting new vitality into the drive for high-quality development of the livestock industry.

Next, Wanshan District will continue to thoroughly implement the important instructions delivered by General Secretary Xi Jinping during his inspection tour of Guizhou, fostering and strengthening new-quality productive forces, creating a favorable ecosystem characterized by well-integrated industrial factors and obvious cost advantages, and thereby propelling high-quality economic and social development to a new level. (District Media Convergence Center: Liu Xiaoxue, Pan Yanyu, Chen Liang)

  (Source: Weiwanshan official account; please contact us for removal if there is any infringement.)