The MARA organized a symposium on leveraging financial support in rural revitalization in Beijing on Feb. 5, 2021. Relevant officials and executives from 19 banking institutions participated in the event. Minister Tang Renjian addressed the symposium.
The symposium called for close cooperation between competent agricultural authorities at various levels and financial institutions, identifying cooperation areas where breakthroughs could be made, disseminating effective practices and exploring new channels to boost rural revitalization and agricultural modernization.
At the symposiums, participants agreed to increase investment in such priority areas as the development of high-quality farmland, seed industry, rural development, storage and cold chains of agricultural products, agricultural production chain, fostering of new-type agricultural entities and risk prevention and defusing in agriculture during the 14th Five-Year Plan period.
The symposium stressed that difficulties are still prominent in access to and higher threshold for financing for rural development, and this requires banking institutions to design new measures and new-type rural financial service fitting rural needs in China.
Vice Minister Liu Huanxin chaired the symposium. The representatives from 8 banking institutions delivered speeches, and these institutions include the China Development Bank, Agricultural Development Bank of China, Agricultural Bank of China, China Construction Bank, CITIC Group, China Investment Corporation, People’s Insurance Company of China and China Insurance.