Five departments: increase financing support for modern facility agriculture and advanced agricultural machinery research and development

Caifei, 16 Jun (FIFA)-- the people's Bank of China, the General Administration of Financial Supervision, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Village issued the guidance on Financial support for comprehensively promoting Rural Revitalization and speeding up the Construction of an Agricultural Power, and increased financing support for modern facility agriculture and advanced agricultural machinery research and development. Relying on the modernization of facility agriculture, innovating financial products and service models, we will increase financial support for grain drying, facility agricultural production, cold storage of agricultural products, cold chain logistics facilities, large-scale breeding and slaughtering and processing of livestock and poultry, centralized rice seedling raising centers, and vegetable intensive seedling raising centers. We will encourage the expansion of the scope of hypothecation of rural assets to meet the reasonable financing needs of large intelligent agricultural machinery and equipment, small machinery and horticultural machinery suitable for hilly and mountainous areas, and machinery research and development for small and medium-sized farmers. We will steadily develop financial leasing of agricultural machinery and equipment and promote the popularization and application of advanced agricultural machinery and equipment.