Harbin Bank launches specialty loans for mushroom growers, county loans near 20 billion yuan

Dongning City, known as "China's No. 1 Black Fungus County," produces over 900 million bags of black fungus annually, with dried product output exceeding 40,000 tons. In 2025, the industry's output value reached 3.9 billion yuan, and its brand value hit 16.951 billion yuan. For 20 consecutive years, the sector has kept the per capita disposable income of local farmers the highest in Heilongjiang Province.

Within this complete industrial chain—from spawn bag production to global sales—upstream spawn bag factories were once constrained by funding shortages. Harbin Bank (06138) Dongning Sub-branch proactively conducted field visits, broke away from traditional credit models, and innovatively launched a dedicated "spawn bag factory" loan product. It provided a 1 million yuan loan to the Laoheishan Town spawn bag factory, supporting its steady expansion.

Strategic Support for Local Pillar Industries

As early as 2024, Harbin Bank Mudanjiang Branch established a "One Black, One White" industrial development strategy to serve local pillar industries. It issued the Harbin Bank Mudanjiang Branch Black Fungus Industry Chain Customer Financial Service Plan, covering the entire value chain: spawn bag processing, cultivation, harvesting and sorting, deep processing, and trade and sales. To date, the bank's dedicated black fungus market cluster program has extended credit to 140 clients, with a total credit line of 71.93 million yuan, channeling financial resources to boost county-level prosperity.

In May 2025, Harbin Bank further issued the Harbin Bank Action Plan for Supporting County Economic Development Breakthrough Year, aligning with provincial strategies. The plan focuses on inclusive finance, digital transformation, and industrial integration to strengthen financial support for rural revitalization and local specialty industries.

Product Innovation: Tailored Solutions for Specialty Industries

Harbin Bank has developed customized products for grain processing, livestock farming, and branded agriculture, in line with the "grain-to-food" and "agriculture-to-industry" strategies:

• Rice Processing Loan: A dedicated solution addressing financing difficulties and collateral shortages for rice milling enterprises, easing seasonal capital pressure.
• Silage Loan: Developed in collaboration with the Provincial Dairy Association, based on field research into silage procurement needs for the livestock sector.
• Black Soil Premium Product Loan: Designed for enterprises authorized to use the "Black Soil Premium Products" brand, helping high-quality Longjiang agricultural products reach national markets.
• Expected Revenue Pledge Loan: In partnership with Heilongjiang Innovative Agricultural Property Rights Financing Co., Ltd., this product provides loans to large-scale growers (over 1,000 mu) using expected revenue as collateral, broadening financing channels for new agricultural business entities.

Digital Empowerment: Making Finance Accessible

Harbin Bank is accelerating its digital transformation. In collaboration with Chengdu New Hope Financial Information Co., Ltd., it has introduced big data and AI technologies to launch an online digital business loan product, enabling "data to travel more, customers to travel less." The bank is also promoting grid-based, batch marketing and market cluster program development for professional markets and commercial hubs.

Deepening cooperation with Beidahuang Group and Agricultural Investment Big Data Company, the bank has expanded its online "Nongshan Dai" (Rural Flash Loan) product, effectively covering reclamation areas and rural regions. To date, cumulative credit disbursement through these online products has exceeded 10 billion yuan, bringing digital finance to millions of households.

Chain Extension: Precision Drip Irrigation of Financial Resources

Adhering to a "one bank, one strategy; one county, one product" approach, Harbin Bank embeds financial services into industrial, supply, and value chains. Key initiatives include:

• Continuously engaging with above-scale enterprises and key listed clients to communicate pro-business policies.
• Implementing a small and micro-enterprise financing coordination mechanism, conducting ongoing visits to thousands of enterprises and households. To date, 2,150 clients on the list have received credit totaling 6.454 billion yuan.
• Actively participating in policy briefings and product promotions organized by agricultural, industrial, and information technology departments, as well as mainstream media, to expand the reach and impact of inclusive finance.

Results and Outlook

As of now, the total loan balance of Harbin Bank's county-level sub-branches within the province stands at nearly 20 billion yuan. The loan-to-deposit ratio continues to rise, and the number of business clients is growing steadily. County sub-branches in Wuchang, Baoqing, Mishan, Zhaodong, Fujin, and Keshan have seen continuous improvement in their effectiveness in serving the real economy.

Looking ahead, Harbin Bank remains committed to supporting the comprehensive revitalization of Longjiang. Focusing on three key areas—small and micro markets, agriculture-related industries, and livelihood services—the bank will continue to push financial services deeper, accelerate product innovation, and enhance digital empowerment, writing a new chapter in high-quality county economic development through concrete action.