Hangzhou, Suzhou and Guangzhou’s Nansha district are expected to make the first batch of pilot areas for land management reform, China Securities Journal reported Tuesday, citing an unnamed official. The reform will allow farm land use rights to be transferred by public auction, making agricultural land available for development under the government’s urbanization program. At present, such rights transfers apply only to urban land. Financial institutions are being encouraged to provide tailored financial services to participants in the reform. On the other hand, the government has pledged to protect the interests of farmers, the report said.
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