The Hongjiang Branch of the Agricultural Development Bank of China issued a loan of 24 million yuan to support the development of the textile industry
On November 18, the Hongjiang Branch of the Agricultural Development Bank of China issued a loan of 24 million yuan to Hunan Jinfeng Textile Group Hongjiang Co., Ltd. as a leading industrial enterprise to support raw material procurement and daily production and operations.
Hunan Jinfeng Textile Group Hongjiang Co., Ltd. is a leader in the textile industry in Huaihua City. It has won the honorary titles of “Leading Enterprise” in the deep processing industrialization of agricultural products (textiles) in Huaihua City and “Excellent Private Enterprise” by the Hongjiang District People’s Government. The company mainly produces pure cotton, blended combed yarn, carded slub yarn and plain yarn, etc. It is a traditional manufacturing enterprise. The issuance of this loan ensures the normal operation and processing of Jinfeng Company, helps the company make up for the liquidity gap, and promotes employment to increase the income of the local population. It is also an important factor for the Hongjiang Branch of the Agricultural Development Bank of China. In response to the state’s measures to support private enterprises and vigorously support the real economy.
In the next stage, the bank will actively implement national policies, provide high-quality services to traditional national manufacturing enterprises, and take practical actions to fulfill its mission and responsibility of “supporting agriculture for the country and serving the people.”
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