China Announcing to Encourage Social Capital to Invest in Agricultural and Rural Key Industries and Areas


The Ministry of Agriculture and Rural Affairs and the National Rural Revitalization Bureau issued the "Guidelines for Social Capital Investment in Agriculture and Rural Areas (2021)" on the 7th, clarifying 13 key industries for social capital investment in agriculture and rural areas, as well as innovative investment methods, building cooperation platforms, and creating good specific measures for the environment.


This is what the reporter learned from the national financial services video conference on agriculture, rural areas and farmers held on May 7th. The meeting was jointly held by the Ministry of Agriculture and Rural Affairs, the National Rural Revitalization Bureau, the Agricultural Development Bank, the Agricultural Bank, the Construction Bank, the Postal Savings Bank and the National Agricultural Credit Guarantee Union Co., Ltd.


Liu Huanxin, the vice minister of the Ministry of Agriculture and Rural Affairs, suggested at the meeting that finance is a source of living water to fully promote rural revitalization based on a new stage of development. To complete the "14th Five-Year" agricultural and rural development goals and tasks requires a huge amount of capital investment. From the perspective of winning the battle against poverty, various types of funds have been invested in for more than 12 trillion yuan, of which 9.2 trillion yuan has been issued by financial targeted poverty alleviation loans.  It is necessary to accelerate the formation of a diversified investment pattern with financial priority support, financial focus, and active social participation, in order to continue the promotion of the comprehensive revitalization of rural areas.


It is understood that the "Guideline for Social Capital Investment in Agriculture and Rural Areas (2021)" put forward the basic principles of respecting the dominant status of farmers, following market rules, and insisting on pioneering and innovative, and clarified the key industries and fields that encourage investment, namely, modern planting and breeding, modern planting and breeding. Industry, rural enrichment industry, agricultural product processing and circulation industry, new rural service industry, ecological recycling agriculture, agricultural technology innovation, agricultural and rural talent training, agricultural and rural infrastructure construction, smart agriculture construction, rural entrepreneurship and innovation, rural human settlement environment improvement, and agricultural cooperation with foreign countries.


Liu Huanxin stated that the Ministry of Agriculture and Rural Affairs this year gave priority to ensuring that grain output remains above 1.3 trillion catties, there being no large-scale return to poverty, and to solving the problem of seeds and arable land, comprehensively promoting rural revitalization and accelerating the modernization of agriculture and rural areas to get off to a good start. Agricultural and rural departments at all levels should focus on work deployment and work with financial institutions to do a good job in financial services for agriculture, rural areas and farmers.


He said that this year is the first year for the implementation of rural construction activities. On the basis of speeding up the completion of village planning, the key points of rural construction should be determined in accordance with local conditions. The central government has clearly implemented the five-year action to improve the rural human settlement environment. The Ministry of Agriculture and Rural Affairs and the National Rural Revitalization Bureau are formulating specific implementation plans, and joint development and policy oriented banks to conduct research on rural construction investment and financing issues, and explore financing models for suitable financing projects.


Xinhua News Agency