Central Committee of the Communist Party of China and the State Council: Increase investment within the central budget, super long-term special government bonds and local government special project bonds to support the construction of major projects in agriculture and rural areas

On February 23rd, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening Rural Reform and Solidly Promoting Comprehensive Rural Revitalization" proposed to innovate the investment and financing mechanism for rural revitalization. Priority is given to ensuring general public budget investment in agriculture and rural areas, and performance mangement incentives and constraints are strengthened. Increase investment in the central budget, super long-term special government bonds and local government special project bonds to support the construction of major projects in agriculture and rural areas. Use monetary policy tools such as re-lending, re-discounting, and differentiated deposit reserve ratios to promote the Financial Institution Group to increase capital investment in rural revitalization. Support the Financial Institution Group to issue "three rural" special project financial bonds. Encourage qualified enterprises to issue rural revitalization bonds. Deepen the construction of the rural credit system, strengthen the collection and sharing of agricultural-related credit information. Promote mortgage financing loans such as live livestock and poultry, agricultural facilities, etc. Adhere to the positioning of rural small and medium-sized banks supporting agriculture and supporting small businesses, "one province, one policy" to speed up the reform of rural credit cooperatives, and promote the reform and reorganization of village and town banks in a stable and orderly manner. Improve the multi-level agricultural insurance system, support the development of special agricultural product insurance. Strictly crack down on all kinds of illegal financial activities in rural areas. Strengthen the supervision of the whole process of agricultural-related fund projects, and focus on rectifying problems such as fraudulent acquisition, interception and misappropriation of funds that benefit farmers.