The People's Bank of China and three other departments support the launch of specialty agricultural product futures and options, offering more risk management tools that meet the needs of rural industry development.

robot
Abstract generation in progress

The People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the Ministry of Agriculture and Rural Affairs issued the “Opinions on Establishing a Normalized Financial Support Mechanism to Help Prevent and Alleviate Poverty and Promote Rural Revitalization,” which mentions building a comprehensive support system for the capital market. It emphasizes increasing efforts to guide and cultivate rural enterprises to go public, helping more companies utilize multi-level capital markets for financing. The policy continues to implement the “green channel” for companies registered in the original poverty alleviation areas. It supports eligible listed companies in refinancing through additional issuance, rights issues, convertible bonds, and corporate bonds to raise development funds, which are used for local特色产业 development, agricultural科技创新, and other projects. The document also advocates supporting the listing of特色农产品 futures and options to provide more risk management tools that meet rural产业 development needs. Furthermore, it emphasizes the steady promotion of the “Insurance + Futures” model in key counties for rural revitalization to better leverage project保障作用.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin