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

Dongning City, known as "China's No. 1 County for Black Fungus," 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 industry 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 site 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 spawn bag factory in Laoheishan Town, supporting its steady expansion.

Strategic Support for Local Pillar Industries

As early as 2024, to serve the development of local pillar industries, Harbin Bank Mudanjiang Branch established a "One Black, One White" industrial development strategy. It issued the Harbin Bank Mudanjiang Branch Black Fungus Industry Chain Customer Financial Service Plan, covering the entire process from spawn bag processing, cultivation, acquisition and sorting, deep processing, to trade and sales. As of now, Harbin Bank's fungus market cluster special credit program has approved credit for 140 clients, with a total credit limit of 71.93 million yuan, channeling financial "living water" to cultivate county-level "prosperity flowers."

In recent years, Harbin Bank has thoroughly implemented the provincial party committee and provincial government's strategic deployment to promote county economic development. In May 2025, it issued the Harbin Bank Action Plan for Supporting County Economic Development Breakthrough Year, adhering to inclusive finance as the foundation, digital transformation as the driver, and industrial integration as the path. The bank is increasing financial support, continuing to serve rural revitalization, and assisting the development of local specialty industries.

Product Innovation: Tailored Solutions for Specialty Industries

Harbin Bank closely follows the "Grain Head, Food Tail" and "Agriculture Head, Industry Tail" strategies, launching tailored products for grain processing, livestock breeding, and brand agriculture:

• Rice Processing Loan: Addresses financing difficulties and weak collateral issues for rice processing enterprises, alleviating seasonal capital pressure.
• Silage Loan: Developed in collaboration with the Provincial Dairy Association, based on research at牧场 (pastures) for the silage feed procurement scenario.
• Black Soil Premium Loan: Provides financing for authorized enterprises of "Black Soil Premium Products," helping high-quality agricultural products from Heilongjiang reach the national market.

Additionally, in cooperation with Heilongjiang Innovative Agricultural Property Rights Financing Co., Ltd., the bank offers expected revenue pledge loans to large-scale growers with over 1,000 mu of land, broadening financing channels for new agricultural business entities and delivering credit services directly to the fields.

Digital Empowerment: Making Financial Services Accessible

Harbin Bank is accelerating its digital transformation. In partnership with Chengdu New Hope Financial Information Co., Ltd., it has introduced big data and AI technologies to launch an online digital business loan product, achieving "data runs more, customers run less." The bank promotes grid-based, batch marketing and the development of market cluster special products for professional markets and concentrated business districts. Deepening cooperation with Beidahuang Group and Agricultural Investment Big Data Company, it promotes the online "Nong Flash Loan" product, effectively covering reclamation areas and rural regions. Currently, cumulative credit disbursement through related online products has exceeded 10 billion yuan, with digital finance rapidly entering thousands of households.

Chain Extension: Precise Drip Irrigation of Financial Resources

Adhering to the principles of "one bank, one strategy" and "one county, one product," Harbin Bank embeds financial services into the industrial chain, supply chain, and value chain. It continuously engages with above-scale enterprises and key listed clients to convey pro-business policies. The bank has thoroughly implemented the small and micro enterprise financing coordination mechanism, conducting ongoing visits and marketing to thousands of enterprises and households. To date, it has extended credit of 6.454 billion yuan to 2,150 listed clients. The bank actively participates in policy briefings and product promotions organized by agriculture, industry, and information technology departments, as well as mainstream media, continuously expanding the coverage and influence of inclusive finance.

Results and Outlook

As of now, the total loan balance of the bank's county-level sub-branches within the province is 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 consistently improved their effectiveness in serving the real economy.

Standing at a new starting point for development, Harbin Bank will continue to take the comprehensive revitalization of Heilongjiang as its mission. Focusing on three key areas—small and micro markets, agriculture-related industries, and livelihood services—the bank will drive financial services deeper, accelerate product innovation, and enhance digital empowerment, writing a new chapter in high-quality county economic development through concrete actions.