Ningxia Agricultural Reclamation Group is a wholly-owned company of the State-owned Assets Supervision and Administration Commission of Ningxia Autonomous Region. It is the largest modern agricultural enterprise in Ningxia. It shoulders important functions such as ensuring the supply of agricultural and sideline products in Ningxia and leading and demonstrating modern agriculture.
Picture: Pingjibao Dairy Farm of Ningxia Agricultural Reclamation Group
In order to thoroughly implement the decisions and deployments of the Party Central Committee and the State Council to comprehensively promote the rural revitalization strategy and implement the relevant work requirements of the regulatory authorities, Everbright Bank actively formulates an action plan to deeply explore the financing needs of industrial support projects, modern agricultural projects, and the construction of the entire agricultural industrial chain in poverty-stricken areas.
After learning about the financing needs of Ningxia Agricultural Reclamation Group, Everbright Bank immediately conducted due diligence and made it clear that all funds raised in this project are used for the procurement of dairy cattle breeding feed for enterprises, and efficiently completed the issuance of this special rural revitalization bill, providing strong support for the supply, sales of agricultural and sideline products in Ningxia and the development of modern agriculture.
It is reported that the bank has underwritten and issued a number of rural revitalization bonds such as "22Chongqing Pharmaceutical SCP001 (Rural Revitalization)" and "22 New China-Thailand MTN001 (Rural Revitalization)" in 2022, providing financial support for ensuring grain production and rural modern agriculture construction.
In the next step, Everbright Bank will continue to use debt financing tools to provide financial services for the "three rural areas" and guide more social capital to invest in the field of rural revitalization through different channels, and contribute Everbright's strength to further consolidate the results of poverty alleviation and promote the rural revitalization strategy.
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