China Agricultural Reclamation Industry Development Fund led by the Ministry of Finance recently settled in Beijing Fund Town.

In consonance with the decisions and arrangements of the 19th Communist Party of China’s (CPC) National Congress on implementing the rural revitalization strategy, the Fund was led by the Ministry of Finance in accordance with the relevant requirements of Opinions of the CPC Central Committee and the State Council of China on Further Promoting the Reform and Development of Agricultural Reclamation, and the scale of the planning program will reach RMB 50 billion Yuan.

The Ministry of Finance will in the future step up the supervision and management of the Fund, and play a positive financial fund leverage in a bid to attract social capital that will be invested by the companies in reclamation areas by activating the stock assets, as well as integrate the production, processing and circulation of important agricultural products in reclamation areas. Moreover, the Ministry of Finance will promote resource optimization, quality agriculture, green development in agricultural and rural areas, and industrial transformation and upgrading to stimulate common development of primary industry, secondary industry and tertiary industry. It is equally expected to cultivate large enterprises and groups with international competitiveness and fully play the key role of agricultural reclamation in promoting agricultural and rural modernization, and in implementing the rural revitalization strategy.