AGRICULTURAL BANK OF CHINA(SH:601288) Ren Min Wang·2025-07-04 01:11Core Viewpoint - The article highlights the transformation of Yucun village in Zhejiang, China, from an environmentally damaging industrial village to a sustainable tourism destination, emphasizing the integration of ecological preservation and economic development through innovative financial support and community collaboration [1][3][9]. Group 1: Economic Transformation - Yucun village experienced significant economic growth in the late 1990s, with a collective annual income of 3 million yuan, primarily from mining activities [1]. - The village faced environmental degradation due to industrial activities, leading to a drastic drop in collective income to 210,000 yuan at its lowest point [1]. - Following the introduction of the "Green Mountains and Clear Water are Gold and Silver Mountains" concept in 2005, Yucun shifted its focus to eco-tourism, revitalizing its economy by "selling scenery" [1][3]. Group 2: Financial Support and Development Initiatives - Since 2018, Agricultural Bank of China Zhejiang Branch has implemented "financial autonomy" in Yucun, providing comprehensive financial services to support local entrepreneurship, particularly in tourism-related projects [3][8]. - The bank issued a loan of 11 million yuan for the renovation of a guesthouse, enhancing the visitor experience with local crafts and art [3]. - In 2022, the bank provided a loan of 570 million yuan for various projects, including landscape renovation and sewage treatment, facilitating the transformation of the area into a tourist attraction [4][5]. Group 3: Collaborative Development and New Projects - Yucun initiated a collaborative development model with neighboring villages, forming a "1+1+4" partnership to enhance resource sharing and brand development [4]. - The "Big Yucun" scenic area project, launched in 2022, aims to integrate 24 surrounding villages, creating a large-scale tourism and economic hub [4][6]. - The opening of the Yunshang cableway in June is expected to increase visitor traffic by 30%, enhancing connectivity and tourism potential [5][6]. Group 4: Youth Engagement and Innovation - The village launched a "Global Partner Program" in 2022 to attract talent in various sectors, resulting in over 60 projects and 1,200 university students settling in the area [6][8]. - Agricultural Bank's initiatives include tailored financial products for young entrepreneurs, providing up to 10 million yuan in support [8]. - Yucun has become a hub for new business models, including the first "rural metaverse" project and various cultural events, revitalizing the local economy with fresh ideas [8]. Group 5: Broader Implications and Future Outlook - The success of Yucun serves as a model for rural revitalization in Zhejiang, demonstrating how ecological advantages can be transformed into economic benefits [8][9]. - As of June, the Agricultural Bank's agricultural loan balance exceeded 870 billion yuan, with green credit surpassing 690 billion yuan, indicating strong financial support for rural development [9].