Agricultural Development Bank of China Hechi Branch fully supports the development of cocoon and silk industry with 140 million yuan

Recently, Guangxi Jinyuan Industrial Investment Co., Ltd. was approved for a loan of 140 million yuan from the Agricultural Development Bank of China. So far, the Hechi Branch of the Agricultural Development Bank of China has issued a rural circulation system construction loan of 76 million yuan to Guangxi Jinyuan Industrial Investment Co., Ltd. , used for enterprises’ reasonable working capital needs related to the trade of agricultural (by-product) products such as fresh (dried) cocoons and white factory silk.

Hechi City is located in northwest Guangxi. It has a long history of growing mulberry and raising silkworms. The silkworm economy is one of the main ways for farmers to increase their income. Hechi City has now developed into the largest cocoon-producing city in the country and the largest mulberry cocoon and silk production base in Guangxi. . In recent years, Hechi has promoted the development of sericulture production in a simplified and labor-saving manner by promoting improved seeds, methods and labor-saving planting and breeding machinery. At the same time, Hechi regards the advantageous and characteristic industry of sericulture as an important starting point for industrial poverty alleviation and poverty alleviation, and has achieved remarkable results in promoting targeted poverty alleviation through the sericulture industry. However, problems such as low scale, insufficient technology promotion, disorderly competition in the acquisition market, and low productquality have been restricting Hechi CocoonEffective development of silkindustry.

In order to fully support the development and growth of the cocoon and silk industry, the bank resolutely implements the Hechi Municipal People’s Government’s “We must build confidence, strengthen our beliefs, formulate policies to promote the development of the cocoon and silk industry, break the current predicament of the development of the cocoon and silk industry, and firmly “Promoting the construction of a 100-billion-dollar mulberry cocoon and silk industrial park on site” requires the city government to seize the opportunity of the municipal government to build a 100-billion-dollar mulberry cocoon and silk industrial cluster in Hechi, take the initiative, innovate financing methods, and accurately Serve customers, promptly approve a loan of 140 million yuan from Guangxi Jinyuan Industrial Investment Co., Ltd., and successfully issue the first loan of 76 million yuan, helping to establish a government-led mulberry cocoon acquisition mechanism, fully supporting the development of the cocoon and silk industry in Hechi City, and promoting the consolidation and expansion It has contributed to the great cause of effectively linking poverty alleviation results with rural revitalization.

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