Pinggu to boost rural revitalization through financial services

An event focused on using financial services to drive rural revitalization was held in Beijing's Pinggu district on Monday, drawing nearly 500 attendees from government, finance, and academia to discuss innovative strategies for supporting rural development.

An event focused on using financial services to drive rural revitalization is held in Beijing's Pinggu district on April 28, 2025. [Photo provided to China.org.cn]

At the event, Pinggu officially unveiled a three-year action plan to build a high-standard financial services innovation demonstration zone for rural revitalization, along with four specialized initiatives.

Together, these efforts aim to create a comprehensive financial service network supporting industrial upgrading, logistics hub development, e-commerce livestreaming, and the integration of agriculture, culture, and tourism.

Pinggu district also deepened collaboration among government, businesses, and banks by establishing strategic partnerships with the Bank of Beijing, Postal Savings Bank of China, and China Minsheng Bank. Each bank committed to providing 10 billion yuan (US$1.37 billion) in credit, focusing respectively on high-tech agriculture, logistics, and leisure tourism. Through a full-chain support system spanning technology R&D, industrial upgrading, and real-world application, the initiative aims to drive coordinated innovation between finance and industry and support high-quality development in Pinggu.