Milestones
Wu Wenjun, Chairman of China Agricultural Industry Development Fund, visited for inspection and exchange
Date: 2013-05-22 Views:
On the morning of May 22, Wu Wenjun, chairman of China Agricultural Industry Development Fund, visited our company for inspection and exchange.
On December 17, 2012, the China Agricultural Industry Development Fund was formally established. This is my countrys first national agricultural industry fund, which was approved by the State Council. The first phase of IFAD has a scale of 4 billion yuan. It was jointly initiated and established by the Ministry of Finance, China Cinda, CITIC Group and Agricultural Development Bank of China. Each of the four sponsors contributed 1 billion yuan. The fund selects the fund manager by inviting tenders, and Cinda Capital, a subsidiary of China Cinda, eventually becomes the fund manager. IFAD will adhere to market-oriented operation and emphasize the organic combination of policy orientation and market operation in order to obtain a stable return on investment, which is of positive significance for guiding social funds to invest in the "three rural" areas and promoting rural economic development.
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