BEIJING (Reuters) – China on Monday issued guidelines to improve financial services for rural rejuvenation, vowing to encourage local governments’ special bonds issuance to support projects in the countryside, according to the central bank.
China will support qualified agriculture companies to go public, the central bank said in a statement posted on its website, which was jointly issued by multiple authorities including the finance and agriculture ministries.
The guidelines also said China will strengthen monetary policy support and use differentiated reserve requirement tools to support rural areas.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.