Modern Seed Industry Development Fund's investment scale reaches 350 million yuan, driving social capital

The Modern Seed Industry Development Fund, jointly initiated and established by the Ministry of Finance, the Ministry of Agriculture, the Agricultural Development Bank of China, and Sinochem Group, has been operating for more than a year, continuously expanding its business, and has achieved preliminary results in promoting the integration and restructuring, transformation and upgrading, and mechanism innovation of seed industry enterprises. As of November 30, 2014, the Modern Seed Industry Development Fund has completed the approval of 10 investment projects, with an investment scale of 350 million yuan, driving 460 million yuan of other social capital.

First, it participated in the private placement of listed seed industry companies such as Longping High-Tech and Agricultural Development Seed Industry, giving play to the influence of the seed industry fund in the seed industry; second, it took equity stakes in enterprises such as Jiangsu Hongqi Seed Industry and Henan Qiule Seed Industry, promoting the integration of industry and capital and enabling the enterprises to be listed on the New Third Board; third, it coordinated strategically with China National Seed Group, Golden Nonghua, and Jiangsu Seed Industry Fund, taking equity stakes to support seed industry enterprises such as Shandong Luyan, Guangdong Jindao, Jiangsu Hongqi Seed Industry, and Chuandan Seed Industry, driving social capital into the seed industry; fourth, it participated in investments in projects such as Aizhongwang and local seed industry funds in Jiangsu and Anhui, innovating seed industry marketing network methods and exploring new ways of fiscal support for agriculture.