Four departments: Strengthen guidance and cultivation for rural enterprise listings to help more companies raise funds through the multi-tiered capital market

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.” The “Opinions” propose building a comprehensive support system for the capital market. They will increase guidance and cultivation efforts for rural enterprise listings, helping more companies utilize multi-tiered capital markets for financing. Companies registered in original poverty alleviation areas will continue to benefit from the “green channel” policy for listings. Support eligible listed companies in refinancing through additional share issuance, rights issues, convertible bonds, and corporate bonds to raise development funds for local特色产业 development, agricultural科技创新, and other projects. Support the listing of特色农产品 futures and options to provide more risk management tools suited to rural产业 development needs. Continue to steadily promote the “Insurance + Futures” model in key poverty alleviation counties under national rural revitalization efforts to better play the role of project保障.