A-share stocks related to the supply and marketing cooperatives rose recently, following strong momentum linked to media reports stating that Central China’s Hubei Province is reconstructing 1,373 such cooperatives.

Experts and industry insiders noted that supply and marketing cooperatives play a significant role in promoting rural vitalization, as cooperatives are now empowered by government’s support combined with rapid development of e-commerce.

According to a report by the Hubei Daily on 17 October, the restoration and reconstruction of local supply and marketing cooperatives have achieved phased results, with the number of community members reaching 452,000, while the number of farmers has grown by more than five times in five years, from 51,500 in 2016 to 333,000 in 2021. Read more.