Inner Mongolia Autonomous Region Takes Measures to Support Flood-Stricken Areas

Strategic Insights -

The Inner Mongolia Autonomous Region of China has faced severe flooding due to continuous heavy rainfall, affecting many places in the region. In response, the Inner Mongolia Autonomous Region Branch of the People's Bank of China issued a notice, proposing 12 measures to provide financial support for flood prevention and disaster relief work. These measures aim to increase credit supply, provide financial services, and facilitate fund transfers to support affected areas. Key areas of focus include increasing credit support for repair and reconstruction of key regions, industries, and infrastructure, as well as strengthening support for agricultural and animal husbandry entities, small and micro enterprises, and affected individuals.

Key Takeaways:

  • The Inner Mongolia Autonomous Region Branch of the People's Bank of China issued the "Notice on Providing Financial Support for Flood Prevention and Disaster Relief Work" on July 28, proposing 12 specific measures to support flood-stricken areas.
  • The measures focus on increasing credit supply, providing financial services, and facilitating fund transfers to support affected areas, including increasing credit support for repair and reconstruction of key regions, industries, and infrastructure.
  • The region will strengthen support for agricultural and animal husbandry entities, small and micro enterprises, and affected individuals by encouraging the development of green credit approval channels and offering preferential interest and fee rates.
  • The Inner Mongolia Autonomous Region will fully leverage the effectiveness of monetary policy tools such as re-lending and re-discounting to support agriculture and small businesses.
  • A "green channel" for the disbursement of emergency funds for flood control and disaster relief from the treasury has been opened, ensuring timely disbursement of special funds.
  • The payment and clearing system will be maintained secure, smooth, and efficient to ensure unimpeded fund transfers and uninterrupted payment services during the flood season.

Statistics:

  • The notice proposes 12 specific measures to provide financial support for flood prevention and disaster relief work.
  • The Inner Mongolia Autonomous Region will increase credit support for repair and reconstruction of key regions, industries, and infrastructure.
  • The region will strengthen support for agricultural and animal husbandry entities, small and micro enterprises, and affected individuals by offering preferential interest and fee rates.

Sources:

  • "Notice on Providing Financial Support for Flood Prevention and Disaster Relief Work" (July 28)
  • https://www.nmg.gov.cn/zwyw/jrgz/202508/t20250801_2767713.html