The People’s Bank of China (PBOC), along with the Ministry of Agriculture and Rural Affairs, has launched a new initiative aimed at fostering comprehensive rural revitalization through enhanced financial services. This guideline aims to bolster the rural financial service infrastructure, optimize the allocation of financial resources, and drive reform in rural regions.
Key areas receiving increased financial support include food security initiatives in significant grain-producing regions, improvements in high-standard farmland, and water conservation projects. Additionally, fresh strategies will be introduced to support the development of innovative agricultural practices.
To ensure the sustainability of poverty alleviation gains, consistent credit support will be maintained for formerly impoverished areas. Following this transitional period, a new financial support framework is set to be developed for these regions.
Efforts will also focus on cultivating industries that generate wealth in rural areas by diversifying collateral options and introducing innovative financing models. Approaches like loan-equity combinations and syndicated loans will be employed to facilitate the expansion of infrastructure and enhance public services in rural settings, fostering a more integrated urban-rural development model.
Moreover, the initiative aims to strengthen financial support for the interconnected growth of agriculture, culture, and tourism, along with advancing the concept of digital villages to empower rural communities.
Source: news.cgtn.com
Warning: Attempt to read property "roles" on bool in /var/www/wordpress/wp-content/themes/morenews/inc/template-functions.php on line 920
About the Author
