Agricultural Development Bank of China’s Kashgar branch kicks off new year’s cotton purchase with 250 million yuan
On September 26, the Xinjiang Kashgar Branch of the Agricultural Development Bank of China invested 250 million yuan in cotton purchase funds to five companies including Kashgar Xingyu Agricultural Development Co., Ltd., and planned to support the companies in purchasing 31,000 tons of cotton, marking a milestone The bank’s new year’s cotton purchase credit work officially kicked off.
This year, the Kashgar branch of the Agricultural Development Bank of China has followed the working philosophy of “guaranteing acquisitions, ensuring shares, and ensuring safety” and has given full play to its role as the main channel for supplying funds for cotton acquisitions. It has prepared sufficient funds for cotton acquisitions of 11.7 billion yuan by the end of August to effectively ensure that every Each major cotton-producing county has purchasing companies supported by the Agricultural Development Bank, which effectively promotes the orderly work of regional cotton purchasing.
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