Bank of Communications launches Xinjiang’s first online “cotton machinery loan” to support the development of domestic high-end agricultural machinery
Recently, Bank of Communications successfully issued the first online “cotton machinery loan” in Xinjiang. This is another breakthrough in Bank of Communications’ inclusive finance business and will effectively support the development of domestic high-end agricultural machinery.
The Bank of Communications closely follows the requirements of the national agricultural machinery industry development policy and continues to conduct market research to address the problem of insufficient effective supply of high-end agricultural machinery. Bank of Communications Xinjiang Shihezi Branch used cotton picking machines as a breakthrough to innovate the agricultural machinery equipment loan model and successfully issued Xinjiang’s first online “cotton machinery loan”.
According to reports, agricultural mechanization and agricultural machinery and equipment are an important foundation for transforming agricultural development methods and improving rural productivity, and are an important support for the implementation of the rural revitalization strategy. As the world’s largest cotton consumer and the second largest cotton producer, Xinjiang cotton accounts for about 87% of domestic production, which is directly related to the national economy and people’s livelihood. As a high-end intelligent agricultural machinery product, cotton pickers with high technical content have been monopolized by foreign companies for a long time in the past. Now they have become one of the key development directions of my country’s agricultural machinery equipment.
In order to facilitate users to purchase new domestic cotton picking machines, the “Cotton Machine Loan” launched by Bank of Communications allows online application and remote customer authorization, which is very suitable for the vast geographical features of Xinjiang. Users no longer need to go to bank branches to handle business, and can complete operations online, which greatly facilitates users. At the same time, this loan innovates the “enterprise + agricultural guarantee + mortgage” combined guarantee model, which further reduces the risk of the loan and helps to expand agricultural machinery loans in batches.
In the next step, Bank of Communications will continue to closely follow the national policy guidance, provide financial services for rural revitalization, and continue to iterate and innovate financing service methods around high-end agricultural machinery and equipment.
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
