AvantFaire Signs Memorandum of Understanding with the Government of Liuba County, in Collaboration to Launch the First Rural Revitalization Green Development Fund in China
AvantFaire Holding Limited and the Government of Liuba County signed a Memorandum of Understanding on 26th February 2023 for jointly launching the “Liuba Zhibai Mountain Rural Development Fund” in support of the village revitalization and sustainable development efforts in the County.
After a series of discussions and a special conference held recently, the MoU was signed by Mr. Xiao Minghua, Member of the Standing Committee of Liuba County and Deputy County Mayor, and Ms. Catherine Chen, Founder and CEO of AvantFaire. It was witnessed by representatives from the Finance Bureau, Development and Reform Bureau, Tourism Investment Group and Economic Cooperation Center. This Memorandum will further strengthen the cooperation between the two parties in the initial planning of the Fund, details of which will be finalized in the coming months. The Fund is scheduled to be formally established by the end of 2023.
In line with the objectives of the “Liuba Zibai Mountain Rural Development Fund” and in response to the ecological and environmental protection goals of the 14th Five-Year Plan of Shaanxi Province, Liuba Government hopes to prioritize sustainability and low-carbon development while promoting the County’s iconic cultural tourism. Therefore, the primary focus of the Fund is to invest in green technologies and implementations suitable for rural development, cultural tourism, food and herb industry, and green building. These technologies will empower Liuba County to address the conflicts between economic development and sustainability, realizing the national strategy of “Preserving the green mountains, while creating sustainable income fountains”.
The Fund is the first of its kind for the County to integrate its existing assets and government funding, attracting and channeling private investors to involve in the social and sustainable development of the County. Through connecting investors and capital in the private market, the impacts of public financing could be maximized. On top of managing the investment portfolio according to the Fund’s strategy with extensive experiences in impact investment and green technology innovation, AvantFaire will also work closely with Liuba Government to ensure the Fund’s investments can be effectively aligned with and implemented to the development of the County.
AvantFaire is extremely honored to play a part in this project of rural revitalization and sustainable development with Liuba County. As the very first investment fund to support the rural revitalization and sustainable development, the Fund will create profound impact to the rural communities! As an impact investment firm, AvantFaire strives to preserve the environment while developing local economies through the Fund and all underlying projects, creating sustained positive impacts in the long-term. AvantFaire is confident and passionate to join hands with the Liuba Government to co-create a beautiful, green and sustainable future!
With a mission to create a sustainable, livable and compassionate world through investments, AvantFaire based in Greater China and is a licensed financial institution in Hong Kong and Singapore. Committed to creating sustained financial, environmental and social return to all stakeholders and investors, AvantFaire invests in quality companies and innovations with its new investment models. AvantFaire is a signatory of the United Nations Principles for Responsible Investment, as well as the Operating Principles for Impact Management of the Global Impact Investing Network.