Following the Guiding Opinions released jointly by several government agencies on May 26 to develop China's forestry, the State Development Bank, Agricultural Bank of China and Agricultural Development Bank of China successively released the opinions of specific implementation of such Guiding Opinions recently to further beef up the financial support to the forestry reform and development and raise the level of the financial service for forestry clients.

The implementing opinions released by the State Development Bank put forward a working goal for further doing well the development financial service of the forestry projects and specified the tenure, interest rates, credit institutions and key supporting fields of forestry loan.

The loan tenure: the longest loan tenure for such small forestry and agriculture loans including forestry rights mortgage loan for supporting the reform of the collective forestry rights, small credit loan of forestry and agriculture and forestry and agriculture joint guarantee loan can be 10 years; the loan tenure for instant forest, ecological construction and follow-up industrial development is no more than 15 years in principle, with the longest tenure 20 years at the most; and the loan tenure for forest paper (plate) processing projects not more than 12 years.