Five departments: strengthening support for rural infrastructure construction

FIFA, 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 to strengthen support for rural infrastructure construction. We will encourage the establishment and improvement of a database of financing projects for agricultural and rural infrastructure construction, strengthen information sharing and service docking, and increase credit support for the integrated construction of industrial parks, tourist scenic spots and key rural tourism villages. Under the premise of compliance with the law, financial products and financing models with high matching degree should be innovated according to the borrower's credit status and solvency, project construction progress, investment return cycle, etc., to reasonably meet the financial needs such as the construction of rural large-scale water supply projects and the standardized transformation of small-scale water supply projects. Financial institutions are encouraged to work together to support rural infrastructure construction through the formation of syndicates and other means.