Empowerment for rural development summit held in Nanjing

The First Summit of Jiangsu Financial Empowerment for Rural Revitalization and Development was held in Nanjing on July 5 with the goal of hastening the pace of financing in the countryside.

Xinhua Daily and the Bank of Jiangsu hosted the event, jointly directed by the Jiangsu Department of Agriculture and Rural Affairs, the Jiangsu Government Office for Poverty Alleviation, the Nanjing Branch of the People’s Bank of China, and the Jiangsu Bureau of the China Banking and Insurance Regulatory Commission.

The summit released a white paper entitled Jiangsu Rural Finance and Agricultural Modernization in 2020, shedding light on five major fields that financing can play a key role, namely microloans, insurance guarantees, financial support for agriculture, equity financing, and agricultural industry guidance funds.

Xinhua Daily also teamed up with top brands in Jiangsu’s financial industry to officially launch a public service platform for agricultural development.

The summit also unveiled the Digital Industry Research Institute, a joint effort by Xinhua Daily, Nanjing University and Chengdu-based BBD (Business Big Data).

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