On August 22, the reporter learnt from the Press Conference of the Reform Pilot of Rural Collective Property Rights held by the Municipal Agricultural Bureauthat Yichang is working hard to promote two major reforms of the verification and evaluation of rural collectiveassets and the cooperative shares system of productive assets. It is expected that by 2020, the farmers in the city will be the “shareholders” of the village collective economy.

　　This reform identifies rural collective assets as resource assets, productive assets, and non-productive assets and only quantifies the shares of rural collective productive assets, productive resources and convertible non-productive assets.The identity of the shareholders is determined in accordance with Article 9 of Chapter 2 of the Regulations on Rural Land Contracting in Hubei Province, which is mainly related to the household registration of farmers.

　　In the share-based ratio scheme, whether or not to set up collective stocks is determined by the member's democratic discussion.However, the collective stock does not exceed 30%, and the individual stock of the member is not less than 70%.Collective shares are managed by the share economic cooperatives, while the individual stocks are under household management, implementing“quantification to people, fixed share to households, one household one license, one license and one ticket, no increase in household splitting, no reduction in household combination”and individual share should be followed the principle of no reduction and no increase, while can be inherited and transferred within the collective. The collective economic organization should issue equity certificates to the members on the basis of households, as evidence of possession of collective assets, participation in management decisions, and distribution of income.

　　Yichang has completed the verification and evaluation of rural collective assets of 392 villages and 2 districts (Yiling District, Xiling District), totaling book assets of 5.08 billion yuan, of which the village averaged 12.97 million yuan.The township (sub-district office) pilots and villages (communities)pilots have respectively reached 57 and 548, and 198 share economic cooperatives have been established.The city strives to complete 80% of the verification and evaluation of rural collective assets and 70% of identity verification in 2018, laying a solid foundation for the city to complete the reform of the rural collective property rights system in 2020. (Reporter: Tian Dongming; correspondent: Fang Suzhen)