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According to the unified arrangements of China Securities Regulatory Commission (CSRC), Shenzhen Stock Exchange (SZSE) has launched the 8-year Focused Supporting in Wushan County, Gansu Province since 2013. Combined with their own advantages and local characteristics, SZSE has been actively exploring new paths to establish a diversified and distinctive financial supporting system which could promote work in all areas by drawing upon the experience gained on key points. In August 2014, SZSE jointly developed the “Shen Yin Tong” product with China Construction Bank. Progress has been made in supporting featured industries and enterprises of medium, small and micro size in Wushan.
At the same time, SZSE has been actively constructing an omnibearing supporting system of “Enterprises-Farmers”. On January 15 2015, SZSE signed a Cooperation Agreement on Microfinance Poverty Alleviation Projects in Wushan County with China Foundation for Poverty Alleviation (CFPA) to jointly push forward the supporting work in Wushan, marking the product launch of “Shen Nong Hui”. Literally meaning that SZSE provides support for the development of Agriculture, Farmers and Rural Areas in Wushan in hands with CFPA, “Shen Nong Hui” is a tailor-made microcredit product specially designed for farmers with fund demands in Wushan County.
“Shen Nong Hui” is just the start of the new exploration and cooperation between SZSE and CFPA. SZSE will further expand exchange and cooperation with financial institutions and public service organizations so as to constantly improve the breadth and depth of the financial supporting work and realize the transition from “blood-transfusing” to “blood-making”.
