Local Policy: The Agricultural Development Bank Of China Has Enough Credit Funds Of 50 Billion Yuan In Xinjiang To Guarantee The Purchase Of Cotton

At present, Xinjiang cotton open scale acquisition is imminent. In the face of the two major tests of epidemic prevention and control in the whole region and the complicated and severe situation of cotton market, the branch prepared enough cotton purchase funds of 50 billion yuan in advance to ensure the purchase of new cotton.

It is reported that in view of the special situation of this year's cotton sales market, the branch arranged to deploy the new year's cotton purchase fund supply management work one month ahead of previous years. Up to now, we have completed the credit rating and credit approval work of 139 cotton purchasing enterprises, so that every major cotton producing county (city) has an agricultural development bank loan supporting enterprise to ensure that there is no "blank spot" in the acquisition.

The Xinjiang branch of Agricultural Development Bank of China introduced that the branch adhered to the problem orientation and solved the difficulties of cotton enterprises. In view of the problems of insufficient self owned funds and weak anti risk ability of enterprises, the "one enterprise one policy" approach is adopted to refine the credit policy, comprehensive guarantee rate and other factors, implement differential interest rate preferential policy, reduce fees and interests, and reduce the financing cost of enterprises. In order to avoid the impact on the cotton market, it is necessary to establish an emergency plan for cotton purchase in order to avoid the impact on the cotton market, Ensure the smooth and orderly operation of new cotton purchase.

Considering that the cotton purchase is in the critical period of Xinjiang to fight a new round of new crown pneumonia epidemic, the branch strengthened the "Online + offline" service, combined closed office with home office in some areas with severe epidemic situation, appropriately implemented the policy based financial services to "keep the chain" in the special period. At the same time, explore and launch the off-site "value preservation loan" pre-sale mode, improve the liquidity of non-standard warehouse receipts, broaden the sales channels of enterprises, and reduce the worries of cotton enterprises in the future.