Recently, Shandong launched its first rural revitalization industry fund in Jinan, capital of the province.
The fund, namely Lushang Rural Revitalization Industry Fund, was set up to cultivate 50 model villages of rural revitalization in Shandong with 50 billion investments in three years.
The FOF is 5 billion yuan, of which 1 billion yuan has been registered. A number of sub-funds will be set up in the later stage, bringing the total fund size to 50 billion yuan.
The fund was created as ways to invest mainly in projects concerning rural revitalization and cultural tourism, promote the integration of the primary, secondary and tertiary industries, urban-rural integration and capital-project integration, and build the "new-type six copies of income" project via culture plus tourism, industries and Internet.
In addition, Shandong will utilize the fund to develop the new and unique carrier of urban-rural interaction by integrating eco-agriculture park, cultural tourism experience street and eco-life community, build the new rural platform combining people, culture, governance, industries and city, and promote the revitalization of industries, ecology, culture, talent and organizations so as to create a new engine of urban-rural integration and rural revitalization.
It’s reported that, next, the provincial finance department will supervise the guiding fund of the transformation of the driving forces and take active measures in the management and operation of the fund, give full play to the role of government fund as a yeast and guide more financial and social capitals to participate in the development of modern high-efficiency agriculture and rural revitalization.