Just like ABC, Industrial Bank Co Ltd has been exploring supporting industries, with a focus on leading enterprises that help drive rural household income growth. The Fuzhou, Fujian province-based national joint-stock commercial lender developed special financial products, such as forest property collateral loans, based on industry characteristics.

Industrial Bank also gave full play to its advantages in green finance amid efforts to reduce poverty. It signed strategic cooperation agreements with seven provinces and autonomous regions where the impoverished accounted for a relatively large segment of the local population. Ever since the agreements were signed, it has provided green financing worth 146.9 billion yuan ($21.5 billion) to step up support for pollution control, ecological restoration of mines, ecotourism and solar power generation.

The bank also helped promote financial services offered by village and township banks in support of agriculture and rural development.

"Deeply rooted in the countryside, rural financial institutions－especially village and township banks－have more geographical advantages in promoting agriculture and rural prosperity. However, they are lagging behind national joint-stock commercial lenders in terms of information technology systems supporting business operations and development. The costs are too high for them to build an IT system and hire a large team for IT operations and maintenance," said Tao Yiping, president of Industrial Bank.

To solve this problem, CIB Digital Financial Services Co Ltd, a fintech subsidiary of Industrial Bank, is currently providing IT system construction and custodial services to 188 village and township banks.

Over the past few years, China relocated many people living in inhospitable conditions who had registered for government poverty assistance, and provided them with housing.

To address livelihood issues of these people after relocation, the Agricultural Development Bank of China has deepened cooperation with relevant ministries and local governments on industrial development, increased employment opportunities and improved medical conditions, educational conditions and infrastructure.

"Starting from this year, we will allocate a special lending quota of 120 billion yuan within five years to support follow-up poverty-alleviation programs after relocation," said Qian Wenhui, vice-chairman and president of ADBC.

The money will be spent on post-relocation industrial development and supporting infrastructure improvements for resettlement areas.

By the end of August, ADBC had issued poverty alleviation loans totaling 2.5 trillion yuan. During the first eight months, the bank issued 351.1 billion yuan in loans to fight poverty, up 71.75 percent year-on-year. Its nonperforming poverty alleviation loan ratio was 0.23 percent at the end of August, thanks to efforts to continuously strengthen risk management.