Enhancing Agricultural Sustainability: Exploring the Implementation Path of Rural Bonds Under the Rural Revitalization Strategy

Abstract

As part of the broader national rural revitalization strategy, the bond market has embarked on a proactive journey, fostering the development of rural revitalization bonds through innovative practices. These bonds represent a novel capital mobilization mechanism emerging within China's capital market, designed to catalyze the expansion of agricultural and rural financing channels and elevate investments in the agricultural sector. However, the relative novelty and limited operational history of rural revitalization bonds within the capital market present unique challenges. With limited precedents and evolving maturity, the post-issuance implementation of rural bonds demands comprehensive examination and refinement. Drawing insights from existing rural revitalization bond cases, this research endeavors to chart a structured course for their successful implementation. To this end, a two-tier Public-Private Partnership (PPP) implementation model is established, providing a systematic framework for understanding the implementation pathway and assessing its feasibility. Through this model, we aim to unveil a transformative capital engine that propels rural revitalization, thus contributing to the broader goals of enhancing agricultural sustainability within the context of the rural revitalization strategy. This research invites us to explore innovative ways to fuel rural growth, ensuring that agriculture remains at the heart of our vision for a revitalized rural landscape.