坚持农业农村优先发展
Implementation Plan for Improving the Investment Mechanism for Rural Revitalization

　　This Plan is formulated to implement the requirement to prioritize the development of agriculture and rural areas, continuously increase investment in agriculture, rural areas and farmers, improve the investment mechanism for rural revitalization, and continuously enhance the effectiveness of policies to strengthen, benefit and enrich farmers.

　　I. General Requirements

　　Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will earnestly implement the guiding principles of the Party’s Twentieth National Congress and all plenary sessions of the Twentieth Central Committee, and earnestly implement the arrangements of the Fourth Plenary Session. We will thoroughly apply General Secretary Xi Jinping’s important expositions on work relating to agriculture, rural areas, and rural residents; fully, accurately, and comprehensively apply the new development philosophy; and remain committed to treating the resolution of issues relating to agriculture, rural areas, and rural residents as the top priority of the entire Party’s work. We will prioritize the development of agriculture and rural areas, improve a diversified investment framework featuring priority fiscal support, a focus on financial support, and active participation by society, ensure that investment in rural revitalization continues to increase, and continually optimize the structure of investment in the fields of agriculture, rural areas, and rural residents. By 2030年, we will have basically established an investment mechanism for rural revitalization that is commensurate with the level of agricultural and rural development, has a rational structure, uses sound approaches, and emphasizes both quality and efficiency. This will provide strong support for consolidating and expanding the achievements in poverty alleviation, accelerating efforts to address shortcomings and weaknesses in agricultural and rural modernization, and steadily advancing all-round rural revitalization.

　　II. Improve the diversified investment structure

　　(I) Strengthen the priority given to government funding. Give priority to general public budget spending in agriculture and rural areas, optimize the structure, focus, and methods of investment, and implement, as prescribed, policies on using land conveyance revenue for agriculture- and rural-related purposes. Increase compensation for major grain-producing areas, implement interprovincial horizontal compensation between grain-producing and grain-consuming areas, improve the incentive policy for major grain-producing counties, and further increase fiscalSubsidyEnsure precision and effectively protect farmers’ enthusiasm for growing grain and local governments’ enthusiasm for securing grain supplies. Make use of existing funding channels to actively support the development of major agricultural and rural infrastructure and the improvement of rural living environments, advance the development of rural ecological civilization and civilized rural customs, and help ensure that rural areas are basically equipped with modern living conditions. Maintain stable levels of regular central fiscal assistance funding and investment at the provincial and municipal levels.

　　(II) Leverage the role of bond funds in supporting agriculture and rural areas. Coordinate the use of various types of bond funds to support eligible rural infrastructure construction, industrial development, and public service projects. Adhere to a top-down approach that combines soft and hard infrastructure, and advance the development of “two major” projects in the agriculture and rural areas sector with high quality. Support localities in using special-purpose bond funds for eligible agriculture and rural areas projects, improve the quality of the project pipeline, and better leverage the positive role of special-purpose bonds in strengthening foundations, addressing weak links, and improving people's livelihoods in the agriculture and rural areas sector. Localities may use general bond funds to support eligible agriculture and rural areas projects in light of their own circumstances. Encourage eligible companies to issue rural revitalization bonds.

　　(Three) Improve the effectiveness of credit funds in supporting agriculture. Thoroughly implement the special initiative on financial support for rural revitalization, and make comprehensive use of monetary policy tools to support financial institutions in providing credit support to areas related to rural revitalization, on the condition that no new hidden local government debt is incurred. Optimize the allocation of credit to agriculture-related sectors, and encourage all types of financial institutions to provide support to major grain- (and oil-bearing crop-) producing counties, major seed-production counties, key counties receiving assistance for rural revitalization, and other areas. Focus credit funding on stabilizing grain production and ensuring supply, key industries for rural revitalization, agricultural and rural infrastructure, agricultural science and technology innovation, and other areas. Implement policies on small loans for assistance, providing targeted support to people at risk of falling or returning into poverty and former registered poor people who still need assistance, to develop production and increase income. Support banking institutions, on the premise of compliance with laws and regulations, in innovating and promoting credit products that meet the needs of agriculture and rural areas, increasing the supply of products such as first-time loans and credit loans, and strengthening the implementation of loan renewal policies. Provide credit support to eligible agricultural product brokers, farmer cooperatives engaged in production and marketing, and other local circulation entities. Improve the mechanism for appraising agriculture-related assets, and explore the establishment of management systems for confirming rights and issuing certificates, value appraisal, mortgage registration, and asset disposal. Promote mortgage loans secured by live livestock and poultry, agricultural facilities, and other assets, and develop innovative pledge and mortgage financing secured by agricultural machinery and equipment, agricultural product warehouse receipts, and the rights to operate and use assets. Improve the level of digital finance in rural areas, and expand the investment and financing matchmaking service functions of platforms such as credit market service platforms, the direct credit service for agricultural business entities, and the project database for financing agricultural and rural infrastructure construction.

　　(Four) Make good use of policy tools for insurance-based support for agriculture. Improve the multi-tiered agricultural insurance system and accelerate the high-quality development of agricultural insurance. Promote the development of insurance for agricultural products that are important to the national economy and people's livelihoods and to food security, and make full use of insurance for rice, wheat, corn,SoybeanFull-cost insurance and planting income insurance policies. Support the development of insurance for locally advantageous and distinctive agricultural products to stabilize farmers’ income. Support insurance institutions in enriching their insurance product portfolios and expanding the supply of agriculture-related insurance products, and encourage them to proactively and independently develop farmland insurance, agricultural machinery insurance, rural residents’ personal insurance, and other products in accordance with market-based principles, giving full play to insurance services in building the entire agricultural industry chain. Encourage localities with the capacity to reduce county-level agricultural insurance premiums in key counties receiving assistance for rural revitalizationsubsidyShare of responsibility. Advance precision in agricultural insurance underwriting and claims. Encourage insurance institutions to participate in disaster relief and the development of emergency management systems, actively provide disaster early-warning and risk-reduction services, and improve the quality and effectiveness of underwriting and claims services.

　　(Five) Stimulate the vitality of private investment. Make good use of the positive role of private investment in rural revitalization, and guide private investment into rural revitalization in a law-based, standardized, and orderly manner. In accordance with the principles of the rule of law and market orientation, use a combination of measures such as interest subsidies on loans and coordinated loan-and-bond financing to encourage patient capital to invest in agriculture and rural areas. Improve measures to encourage and guide public-interest charities and other social forces to invest in rural revitalization. Support the establishment of rural revitalization funds on a market-oriented basis to leverage financial capital and social forces and form a joint investment effort. Actively support eligible agriculture-related enterprises in listing and raising funds, and help leading agricultural science and technology enterprises and other business entities use the multi-tiered capital market to accelerate high-quality development.

　　(Six) Revitalize and make good use of rural resources and assets. Improve the leadership mechanism of rural primary-level Party organizations, and encourage rural collective economic organizations to explore, in light of local conditions, approaches such as contracting out resources, leasing properties, providing intermediary services, and taking equity stakes with operating assets, to develop new forms of the rural collective economy and strengthen their capacity for self-development. Accelerate the development and application of platforms for rural property-rights transfers and transactions and financing services. Establish a unified national register for the management of assets formed through government investment in poverty alleviation, innovate project operating models, promote the effective revitalization and efficient use of assets, and continuously enable them to benefit and support farmers. Deepen the management of rural collective funds, assets, and resources, guide rural collective economic organizations to standardize investment practices, carefully select operating models, and conduct business activities prudently. Support eligible agriculture-related projects in issuing real estate investment trusts (REITs) in the infrastructure sector. Encourage enterprises of all types and village collectives to reasonably develop and operate energy projects in rural areas, including solar photovoltaic, wind, hydropower, and biomass energy projects, through models such as village-enterprise cooperation.

　　Three: Strengthen coordination and collaboration

　　(VII) Promote coordinated efforts in government investment, financial support, and private investment. Strengthen the guarantee support provided by the government-backed financing guarantee system to agricultural business entities and service providers, accelerate improvements to agricultural financing guarantee platforms at all levels, and support the national agricultural credit guarantee system in playing an active role, providing new agricultural business entities with convenient, efficient, and high-quality guarantee services. Improve the risk compensation mechanism for agriculture-related loans. Encourage the use of major project management platforms at all levels of government and the agricultural and rural investment and financing project database to share information on agriculture-related projects with financial institutions and private capital. Implement the new mechanism for public-private partnerships (PPP) and promote coordinated investment in rural industry development and public infrastructure construction.

　　(VIII) Promote coordinated linkages among agricultural industrial, investment, and trade policies. Establish a linkage mechanism in which industrial policies provide guidance, investment policies provide support, and trade policies work in coordination, amplifying the combined effects of policies and fostering positive interaction between consumption and investment, and between supply and demand. Strengthen the release of market information and the guidance of expectations. Promote precise coordination of agricultural product production, supply, and sales; optimize the supply side, innovate at the distribution end, and activate the market end to meet diverse, quality-focused, and differentiated consumer demand and lead the upgrading of supply-and-demand structures. Broaden diversified investment and financing channels, focusing on developing new quality productive forces in agriculture, and promote the extension, strengthening, and completion of agricultural industry chains to enhance agriculture’s overall production capacity and competitiveness. Strengthen analysis and assessment of investment trends in agriculture, rural areas, and farmers. Improve the coordination mechanism between agricultural product trade and agricultural production.

　　(Nine) Strengthen prices,subsidy, insurance, and other policy support and coordination. Promote pricing policies,subsidyPolicyWork in concert with the “three-pronged” insurance policy to stabilize income expectations and boost investment incentives. Improve the price formation mechanisms for grain and other important agricultural products, keeping their prices at reasonable levels. Improve the minimum purchase price policies for rice and wheat, maintain their role as a safety net, and set minimum purchase prices at reasonable levels. Improve the price formation mechanism for the transfer of contracted land management rights, and strengthen mechanisms to ensure the supply and stabilize the prices of agricultural inputs. Improve the protection of cultivated land fertilitySubsidyPolicyImplement policies for the purchase and use of agricultural machinery.subsidyPolicy, advancingsubsidyMachinery is brought in and retired, with better machinery receiving greater subsidies. Strengthen insurance’s role in risk-sharing, loss compensation, and financing credit enhancement, and leverage the insurance mechanism to support fiscalsubsidyThe multiplier effect of capital helps farmers increase their income.

　　Four. Improve the work accountability system

　　(ten) Strengthen work responsibilities. Establish a work mechanism in which the central government coordinates overall efforts, provinces assume overall responsibility, and cities, counties, and townships ensure implementation. Strengthen local governments’ responsibility for investment in rural revitalization, enhance communication and collaboration among departments, and build a coordinated effort. Bring the guiding and regulatory role of planning in agricultural and rural investment into play. Improve the effectiveness of the regular coordination mechanism for financial services supporting rural revitalization, and provide targeted financing guidance and financial support. Further improve statistics on investment in rural revitalization.

　　(Eleven) Strengthen support for key factors. Proceeding from actual conditions, increase support for all types of factors for rural revitalization and promote the efficient allocation of resources of all types. Promote two-way flows of factors between urban and rural areas, encourage all kinds of talent to serve, start businesses, and find employment in rural areas, and vigorously cultivate practical talent for rural areas. Strictly implement land policies related to rural revitalization, use rural collective-owned operational construction land economically and intensively, promote the full use of existing land, give priority to allocating new land-use quotas, issue measures on land use for facility agriculture, and ensure land for rural development by category. Give priority to meeting the water, electricity, energy, and other needs of agricultural and rural projects.

　　(Twelve) Optimize the investment environment. Enhance the consistency and effectiveness of investment policies for agriculture and rural areas, standardize administrative law enforcement, and effectively protect the legitimate rights and interests of business entities. Foster a fair and equitable market environment, ensure that all types of business entities have equal access, in accordance with the law, to all types of production factors and public service resources, and prevent monopolistic and unfair competition practices from harming farmers’ interests. Strengthen service awareness, streamline approval procedures, refine and quantify service standards, provide business entities with convenient and efficient government services, implement tax incentives supporting agricultural and rural development, and ensure the effective implementation of a long-term regulatory mechanism for fees charged to businesses.

　　(Thirteen) Strengthen oversight and management, and incentives and constraints. Improve the whole-lifecycle oversight system for government-invested rural revitalization projects and the full-chain oversight system for funds; promptly identify risks and hidden dangers, close management loopholes, and improve oversight effectiveness; promote coordinated and interconnected oversight by all parties; and ensure that policy and project information is made public, effectively preventing problems such as the misappropriation and embezzlement of, or fraudulent claims for, fiscal funds. Strengthen evaluations of the effectiveness of financial services for rural revitalization, guiding financial institutions to provide more targeted services for rural revitalization. Strengthen performance evaluations of project expenditures in the field of rural revitalization, and develop different performance evaluation indicators for different project types to improve the effectiveness of performance management. Improve incentive and constraint mechanisms, and use results from oversight of funded projects and performance management, among other areas, as important references for fiscal budget allocations, investment scale determinations, and adjustments to support policies.