A trust company run by CITIC, one of China’s biggest investment firms, has launched the country’s first trust product backed by rural land rights, as Beijing plans land reforms to boost farm productivity and quicken urbanisation. Under the plan, CITIC Trust Co. will lease 5,400 mu (360 hectares) of land from farmers in Suzhou city, China’s eastern Anhui province, and then transfer the land rights to a farming company, according a statement issued by the trust firm.
Source: Reuters
Source: Reuters
