Pork is too expensive! Mainland banking trial implementation of live pig mortgage loan (Epoch Times)

Epoch Times published an article that states China’s pork prices remain high and the consumer price index increases, and the CCP government hopes to restore the number of live pigs and encourage pig farmers to replenish the amount of pigs to be slaughtered, but small family pig farms are already in debt. There are no assets that can be used as collateral for borrowing. It is reported that the Chinese banking industry is currently trying to issue loans to farmers with live pigs as collateral. 

Senior Research Fellow Yanyan Liu says that the price of live pigs fluctuates sharply. Therefore, if the price of live pigs falls after the bank makes a loan, the bank may face losses and have to seize the loan collateral. To this end, the bank will need to develop a pig valuation system. If the bank finally obtains the ownership of the pigs, it also needs to develop a system for the monitoring, management, and even disposal of pigs.