Investment and Financing Platform for Agricultural Development of Beijing
Since 2008, the Beijing Municipal Government has invested totally RMB2.8 billion to the Capital Group to establish Beijing Agricultural Investment Co., Ltd. (BAIC). This is an important initiative for the city to support agricultural development. After years of development, BAIC has built the platform integrating agricultural investment, guarantee and fund, and instituted the non-banking rural financial systems such as small loans, rural area equity exchange and agricultural commodities exchange. It occupies about 50% of market share in rural financial services in Beijing and provides strong support for agriculture, farmers and countryside.