Fund established to support Xiuwen's rural revitalization

Xiuwen county in Guiyang, capital of Southwest China's Guizhou province, held a signing ceremony for the No 1 Industrial Investment Fund for Rural Revitalization on Nov 12.

With a total value of 1 billion yuan ($156.8 million), the fund has been established by Xiuwen County State Investment Group, Xinyuan Asset Management Co and Guizhou Xushan Fund Management Co.

The signing ceremony for the Xiuwen No 1 Industrial Investment Fund for Rural Revitalization takes place on Nov 12. [Photo/xiuwen.gov.cn]

The first phase will cost 200 million yuan, with investment fed in over the five-year construction period.

During its early stages, the fund will focus on more than 10 rural revitalization projects covering planting, breeding, aquatic products, and the processing of agricultural products.

At present, the first phase of the fund plans to invest in three projects in Xiuwen: a demonstration base project for exporting kiwifruit, a high-efficiency and smart agriculture project, and a fruit wine production and kiwi processing plant industrial park.

According to projections, once they come online, the three projects will achieve annual revenues of 450 million yuan, provide more than 10,000 jobs, and allow farmers to earn an extra 5,000 to 10,000 yuan each year.

At the signing ceremony, representatives of Xiuwen county people's government and the Xiuwen sub-branch of the Bank of Guiyang signed the framework cooperation agreement for rural revitalization. Guizhou Xushan Fund Management Co and Xiuwen County Agricultural Investment and Development Co signed the intentional investment cooperation agreement for Guizhou Xiuwen Rural Revitalization Fund.