Xinjiang Branch Of Agricultural Development Bank 50 Billion Yuan, Etc. New Cotton

The acquisition of new cotton is imminent. In order to meet the demand for new cotton purchase funds in Xinjiang, the Xinjiang branch of the Agricultural Development Bank of China has prepared funds of 50 billion yuan to achieve "money and other cotton".

According to reports, in order to ensure the smooth development of the acquisition of new cotton in 2019, the head office of the Agricultural Development Bank issued a number of measures to support the marketization reform and development of Xinjiang cotton flower. It provides preferential policies for serving the national cotton price reform and supporting the high quality development of Xinjiang's cotton industry. The Xinjiang branch of the Agricultural Development Bank has implemented the "three walks" activities to increase policy publicity, that is, to go to the party and government organs at all levels, cotton customers close to support, and go to the field of cotton farmers.

After considering the loan credit level and comprehensive credit rating of the enterprise, the bank explicitly supports the priority level for the cotton customers, determines the order of loan approval, and carries out qualification, credit rating and loan investigation in a planned, step by step and batch manner. As of the end of 8 this year, the Xinjiang branch of the Agricultural Development Bank has completed the credit rating and qualification of 162 enterprises, ensuring that every major cotton producing county (city) has loan support enterprises of the bank. At the same time, we should focus on tackling poverty and ensure that we really help the poor and help the poor. We should give preferential policies to interest rates and comprehensive guarantee rates. We should implement the data collection work in advance in accordance with the poverty alleviation model and the list of required information, so that we can recognize and ensure "precision".

The Xinjiang branch of the Agricultural Development Bank held a forum on "supporting the high quality development of Xinjiang's cotton industry", and jointly analyzed the cotton market situation with 18 large cotton enterprises within the territory, and explored the countermeasures to jointly promote the quality development of Xinjiang's cotton industry, further interpreted the cotton credit management measures, and answered the problems encountered in the process of promoting the cotton industry. At the same time, we should issue a survey template, formulate a loan schedule, improve the quality and efficiency of loan management, and ensure the smooth and orderly operation of cotton purchasing credit.

This year is the 70th anniversary of the founding of the People's Republic of China. During the national day, it is the peak period of cotton purchase. It is of great significance to guarantee the acquisition of cotton. In September 6th, the 2019 annual cotton purchase credit conference of the head office of the Agricultural Development Bank was held in Xinjiang. Then the Xinjiang branch of the Agricultural Development Bank began to prepare for it. At present, the approval of cotton purchase loan has basically been completed, and it plans to put in 12 billion yuan for cotton purchase before the national day. The bank also set up a major event reporting system, forming a special report on possible problems in the cotton purchase in the new year, reflecting it to the local competent authorities and making preparations ahead of schedule.

The bank adheres to the idea of "stabilizing the middle and entering the two ends" to support cotton purchase as the center, extending to the two ends, extending upstream to the cotton production and planting area, issuing cotton pre order loans, extending the downstream to the textile and garment industry, issuing cotton warehouse receipt financing loans, industrialization leading enterprises' liquidity and fixed assets loans, effectively solving the capital demand of all links in the whole cotton industry chain, vigorously supporting the development of Xinjiang's cotton and textile industrial chain, enhancing the added value of the industry, reducing the credit risk, and shaping the leading brand of the Agricultural Development Bank supporting the development of the whole cotton industry chain.

The head of the Xinjiang branch of the Agricultural Development Bank said that under the leadership of the head office of the Agricultural Development Bank and supported by the autonomous region, the Xinjiang branch of the Agricultural Development Bank of China will further do a good job of doing the cotton credit work well, consolidate the position of the leading bank, perform the main business at home, continue to promote the high quality development of the cotton credit business, and brighten the "gold lettered signboard" of the cotton credit of the agricultural development bank.