Shandong on Internet(www.china-sd.com) broadcasts the briefing live.

[9:14:18, 9 June, 2009] Shandong on Internet: The conference is chaired by Zhang Dekuan, Deputy Secretary-General and Spokesman of Shandong Provincial People’s Government.

[9:31:35, 9 June, 2009] Zhang Dekuan: Today we have invited Mr. Song Wenxuan, Chairman of the Council of Shandong Provincial Rural Credit Cooperatives Union and Secretary of the Party Committee, and Mr Zhang Jianmin, Vice Chairman of the Council of Shandong Provincial Rural Credit Cooperatives Union, Deputy Secretary of the Party Committee and Director, to give a briefing on our province’s rural credit cooperatives supporting the new rural construction and serving the economic and social development and answer questions from the press.

[9:32:55, 9 June, 2009] Song Wenxuan: Good morning, friends from the media.

[9:33:22, 9 June, 2009] Song Wenxuan: In 2003, the State Council decided to make pilot studies to deepen the reform of rural credit cooperatives. On June 6, 2004, Shandong Provincial Rural Credit Cooperatives Union was established.

[9:34:20, 9 June, 2009] Song Wenxuan: The first is that the reform has made achievements of phasic character. The second is the sustained and rapid development of all the businesses. The third is the operating basis has become steadily solid. The fourth is the social contribution has greatly increased. The fifth is the level of internal management and the quality of the staff have obviously improved, and the influence of rural credit cooperatives has continued to increase. In accordance with the development of the three rural questions in our province, the Provincial Union has worked out the program for creating a new financial service system to support the building of new socialist countryside and strives to set up the five systems within three years--- to support agriculture with credits, capital appreciation, payment and settlement, social credit, and information service---in order to create high-quality service brand of financial support of agriculture, and to make greater contributions to promoting the construction of the countryside in our province.

[9:42:01, 9 June, 2009] Song Wenxuan: Firstly, to build a new system of credit to support agriculture by means of business innovation. We will try to increase agriculture-related loans by 114.5 billion yuan in three years, support 2000 new rural economic organizations of various types in three years, increase the credit by more than 10 billion yuan for the specialized cooperatives and their members, and increase farmers’ consumption loan by more than five billion yuan. The second is to expand credit limit. The third is to properly reduce the floating rate of the credits. The fourth is to properly extend the credit period. The fifth is to innovate the ways to support agriculture. The sixth is to support the development of small and medium-sized enterprises.

[9:45:58, 9 June, 2009] Xuan Song: Secondly, to build the service system of rural capital appreciation on the basis of reconstruction of the network and the perfection of its functions. The first thing is to scientifically lay out the business network. The second is to enhance network’s service functions. The third is to raise the level of staff’s service.

[9:47:08, 9 June, 2009] Xuan Song: Thirdly, to build a modern payment and settlement systems in rural areas with scientific and technological progress as the support. The first thing is to establish a sound system of information and technology service. The second is to expand the payment and settlement networks, and actively increase and open the systems of large and small payments, the intranet systems, rural credit bank systems, and intraurban exchange networks so as to introduce modern payment and settlement systems into the townships and increase the coverage and settlement efficiency for rural people’s convenience. The third is to speed up the installation of rural self-service devices.

[9:47:28, 9 June, 2009] Fourthly, to construct a sound social credit system in rural areas, centering around the credit project. The first is to expand the scope of credit rating. The second is to increase the benefits for credit customers. The third is to establish the social credit system of wide coverage.

[9:48:58, 9 June, 2009] Song Wenxuan: Fifthly, to construct the system of supporting agriculture with science, technology and culture, with "the program under which officials, doctors, scientist and college students go to the countryside to spread scientific and literacy knowledge and offer medical service to farmers" as a carrier. The first is "imparting financial knowledge to farmers". The second is the "give scientific and technical information to farmers". The third is "carrying culture and art to farmers".

[9:52:19, 9 June, 2009] Song Wenxuan: Agriculture, rural areas and farmers are the basis for the development of rural credit cooperatives. To serve them is the bounden duty of rural credit cooperatives. Under the correct leadership of the CPC Provincial Committee and the Provincial Government and with the public’s concern and support, our province`s rural credit cooperatives are determined to further implement the scientific concept of development, make greater strides in reform, development, and innovative service, create first-class financial institutions with rich products, perfect functions, advanced service, and a fine style of work, and make new and greater contributions to the province`s economic and social development and the building of the new countryside.

[9:53:48, 9 June, 2009] Song Wenxuan: We sincerely hope that people from all walks of life, especially friends from the media, will continue to pay attention to and give support for rural credit cooperatives, and promote rural credit cooperatives’ reform and development. Thank you!