Agricultural Development Bank of China’s Aksu branch has prepared 16.12 billion yuan in credit funds to support cotton acquisition
In order to do a good job in the supply and management of cotton purchase funds, we will further play the role of the main channel for cotton purchase funds. The Aksu Branch of the Xinjiang Uygur Autonomous Region planned and carefully arranged in advance, and prepared 16.120 billion yuan of credit funds in advance to ensure that “money waits for cotton”.
Prepare for war in advance and make the “first move” well.
The Aksu Regional Branch improved its political position, held a special meeting on cotton procurement in advance, scientifically studied and judged the new situation of the cotton market, combined with the actual conditions of the Aksu region, made risk estimates and forward-looking planning, and grasped the initiative to support cotton procurement. Consolidate responsibilities and implement the “top leader” responsibility system. The main leaders go deep into the grassroots and provide command from the front, and the leaders in charge do a good job in specific work to ensure the smooth and orderly supply of credit funds. The plan was laid out in advance, and 27 companies were approved for acquisition qualifications in advance. A total of 84 cotton processing plants were supported, with a total of 145 production lines. It is expected to support the acquisition of about 600,000 tons of lint . After in-depth investigation, the leaders of the branches in charge led a team to conduct on-the-spot investigation. According to the investigation, the cotton planting area in various counties and cities in Aksu region this year reached 7.1033 million acres.
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Taking into account the characteristics of large demand for cotton acquisition funds and urgent time, the Aksu regional branch opened a “green channel” for cotton credit on the one hand and mobilized key personnel across the jurisdiction to focus on the credit approval work for cotton enterprises. Through close cooperation and effective connection between the front, middle and back-end departments, 16.12 billion yuan in credit extensions were completed ahead of schedule for 27 companies, an increase of 395 million yuan over the previous year, laying a solid foundation for the orderly development of cotton procurement in the new year. On the other hand, we have strengthened service measures, adopted “one enterprise, one policy”, formulated differentiated financing plans, promoted interest rate concessions, and the comprehensive guarantee ratio of risk deposits, mortgage guarantees or third-party guarantees has dropped by about 10% compared with the previous year, effectively reducing corporate financing. cost. At the same time, account managers are arranged to go to each purchasing factory to install and debug “Shuhuitong” equipment to improve the efficiency of fund payment and ensure that cotton farmers can “sell cotton and get money.”
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