An alliance of government bodies, financial institutions and enterprises is formed. [Photo/jl.people.com.cn]

The Jilin government, banks, insurance companies and guarantee companies will form an alliance and work together to finance the local animal husbandry industry and share financial risks.

According to local media reports, a launch ceremony for the partnership was held on March 9 in Changchun, the capital city of Northeast China's Jilin province.

Li Yue, vice-governor of Jilin province, attended the ceremony and delivered remarks. She said he attaches importance to making the government and financial institutions work hand in hand to ensure the capital demand of firms involved in animal husbandry is adequately met. She said the alliance would help to advance the cause of rural revitalization.

Li also urged the government to play an active role in introducing more social capital into the financing market.

Representatives of the 53 members of the alliance attend the launch ceremony. [Photo/ jl.people.com.cn]

The government, financial institutions and enterprises are encouraged to enhance information sharing and business collaboration to support the local animal husbandry industry, which is a key and advantageous industry in Jilin.

Proposals were made during the ceremony, suggesting that all members of the alliance should stick to the principles of free will, negotiation equality, strict self-discipline and information sharing.

All members of the alliance are expected to develop new financial products and services that will assist the financing process of the whole industrial chain of the animal husbandry sector.

The launch ceremony was attended by 53 financial institutions, enterprises and government bodies, including the Jilin Province Department of Finance, Jilin Bureau of Financial Supervision and Management and Jilin Animal Husbandry Bureau.