A special video teleconference on deepening the “three-party primary-level collaboration” (collaboration between primary-level administration, financial regulators, and financial service providers) initiative to advance comprehensive rural revitalization was held in Nanjing. At the meeting, the Jiangsu Financial Regulatory Administration, together with the Provincial Department of Agriculture and Rural Affairs and the Financial Office of the CPC Jiangsu Provincial Committee, jointly issued the Decision on Launching a Special Action to Promote Financial Support for Strengthening Agriculture Through Science and Technology. The document outlines 11 key tasks, including building a matrix of agricultural sci-tech innovation platforms, fostering agricultural technology enterprise clusters, and advancing the seed industry revitalization initiative.

To support the development of agricultural sci-tech innovation platforms, the Decision encourages banking and insurance institutions to expand support for key laboratories, innovation consortia, and other innovation platforms. Financial institutions are also encouraged to provide insurance coverage for concept verification, pilot testing, and first-time application of agricultural technological achievements. To foster agricultural technology enterprise clusters, the Decision calls for better utilization of pilot policies such as M&A loans for technology enterprises and equity investment programs by financial asset management companies. The measures also support the “loan + external investment” model, encourage insurers to establish policy-oriented sci-tech insurance consortia on a market-driven basis, and promote the tiered development of agricultural technology enterprises across Jiangsu.