Wang Junquan: Create a “digital cotton” service platform to help the high-quality development of Xinjiang’s cotton industry
At the 2021′ Xinjiang Cotton Industry Development Forum held on the afternoon of October 12, Wang Junquan, deputy general manager of the National Cotton Trading Market, spoke of “creating a ‘digital cotton’ service platform to help Xinjiang’s cotton industry growQualityDevelopment”, the digital cotton comprehensive service platform of the national cotton trading market and the role of the trading market in promoting the quality and efficiency of China’s cotton industry and assisting the high-quality development of Xinjiang’s cotton industry A brief introduction was given.
1. Introduction to the “Digital Cotton” comprehensive service platform of the National Cotton Trading Market
The National Cotton Trading Market has been building a digital cotton comprehensive service platform for more than 20 years, mainly to serve the national cotton macro policy regulation and commercial cotton circulation. Mainly reflected in the following three aspects: First, the reserve cotton is put into trading. Since 1999, the state has purchased and released national reserve cotton through the national cotton trading market and open pricing methods, which has filled the gap between domestic cotton supply and demand, stabilized cotton prices, protected the interests of cotton farmers, and met the demand for textile cotton. The large-volume open bidding trading system and open and transparent bidding method of the trading market have reduced the state’s financial subsidies and fully exerted the leverage effect of macro-control. Since 1999, the reserve cotton has been released 16 times and the reserve cotton has been transferred into the reserve 6 times, with a cumulative output of more than 45 million tons. The second is cotton transportation out of Xinjiang. The trading market has been entrusted by the Financial Supervision Bureau of the Ministry of Finance in the Autonomous Region and the Finance Department of the Xinjiang Autonomous Region to build a subsidy declaration system for cotton transportation out of Xinjiang and a verification system for cotton road freight out of Xinjiang. Over the years, it has assisted in the verification of 31.44 million tons of cotton leaving Xinjiang, assisted in the review of 14.9 billion yuan in subsidy funds, and completed on-site inspections of 13.58 million tons of cotton leaving Xinjiang. The third is Xinjiang cottontarget price reform information platform. The information platform consists of a cotton farmer planting information collection system, a subsidy data export system, a cotton farmer planting and sales inquiry system, a processing enterprise publicity declaration system, a processing enterprise credit disclosure system, a cotton processing inspection platform, and a professional warehousing supervision platform. It mainly serves the National Development and Reform Commission, Agriculture, finance, statistics, market supervision, taxation, Agricultural Development Bank and other departments.
There are four main sections in the commodity cotton supply chain service platform: First, transaction and transfer. The trading market relies on cotton digitization, standardization and warehouse receipt supervision to ensure the futures transaction and warehouse receipt system of the transaction and market, and provides legal, efficient and convenient online business processing channels for traders participating in the business. Buyers and sellers and warehouses can sign contracts online through the system developed by the trading market to determine mutual circulation and transfer of warehouse receipts. Cotton payments flow through the trading market, ensuring fund security and transaction performance. In 2020, the number of online transactions completed through the trading market reached 2 million tons, and the total cargo movement and warehouse receipt transfer rate exceeded 5 million tons. The second is third-party entrusted supervision business. The trading market has established more than 130 cooperative warehouses in the main producing and selling areas of cotton. By standardizing the warehouse receipt registration and warehouse handling business processes, combined with data traceability technology, the cotton warehouse receipts in the warehouse are authentic and credible, and the goods are stored in the warehouse. Rights information can be traced back to its source. For the third-party supervision business entrusted by banks and cargo rights holders, the trading market not only provides supervision to ensure the safety of cotton in the warehouse, but also provides a channel for loan companies to endorse and pledge warehouse receipts to banks for business processing. Since 2005 to the present, the trading market has provided banks with more than 35 million tons of supervision, and the banks have not found any risk losses. The third is the warehouse receipt pledge business. Since 2011, the trading market has cooperated with the Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China to launch online financing products such as Mianmaotong, eMiantong, and Jinyimian. Traders can use the spot electronic warehouse receipt registered in the trading market and submit loan materials through the self-service management system of the trading market to quickly obtain a loan. This online financing system has lowered the loan threshold and financing costs for cotton-related companies, effectively alleviating the financial pressure on loan companies. Every year, cotton-related companies in the industry finance nearly 1 million tons of warehouse receipts through the trading market. The fourth is smart delivery of railway logistics. The trading market has carried out strategic cooperation with China Railway Corporation to promote the “road-to-rail” work of cotton transportation out of Xinjiang, provide traders with online self-service submission of cotton railway transportation services out of Xinjiang, and empower all participants in cotton railway transportation out of Xinjiang through information technology The main body effectively integrates cargo flow, capital flow, and bill flow to achieve a win-win situation for railways, warehouses, customers, and trading markets, and achieve cost reduction and efficiency increase in cotton logistics out of Xinjiang. In 2020, the logistics business volume of the trading market reached 1.2 million tons.
The cotton digital service platform of the trading market provides a financing supervision system for cooperative banks, a dealer self-service management system and a business processing system for traders, a general cotton inventory management software system for cooperative warehouses, and a line for cooperative insurance companies. The policy docking system is connected to the data system of China Railway Bureau. Through the interconnection of multiple systems, traders are provided with business and services including commodity cotton transaction settlement, warehouse receipt financing, logistics and distribution, and third-party supervision. The business model is fully online. Online and paperless, business processing is fast��The construction of the cotton circulation system provides comprehensive and accurate big data support, enhances the value chain through the reverse traceability system, realizes traceability of cotton origin and quality, promotes the docking of production and demand, and promotes production based on demand.
Second, the review platform for cotton transportation subsidies out of Xinjiang. Since 2008, the trading market has continued to build and continuously improve the verification system for cotton leaving Xinjiang by road for the Financial Supervision Bureau of the Ministry of Finance in the Xinjiang Autonomous Region and the Finance Department of the Xinjiang Autonomous Region, as well as an application and review platform for cotton transportation subsidies out of Xinjiang, and apply for transportation subsidies for cotton-related enterprises Provide a convenient and efficient declaration system and provide comprehensive data support for the Xinjiang Department of Finance to review out-of-Xinjiang cotton transportation subsidies. In the verification work of cotton leaving Xinjiang, the trading market coordinates 46 shipping warehouses in Xinjiang and 35 warehouse-to-warehouse verification point warehouses in the mainland, standing at the last line of cotton leaving Xinjiang, accurately reviewing Xinjiang cotton leaving warehouses, and actively providing prevention measures for the Xinjiang government Strong data support ensures the precise implementation of subsidy policies, effectively reduces Xinjiang cotton logistics costs, increases Xinjiang cotton farmers’ cotton planting income, enhances Xinjiang cotton’s domestic market competitiveness, and helps the healthy development of Xinjiang’s cotton and textile and apparel industries. .
Third, the cotton quality traceability system. In 2020, the relevant departments of the autonomous region introduced a series of policies and measures to improve cotton quality management and promote the sustainable and healthy development of Xinjiang’s cotton industry, including adjusting the pilot program to link subsidies with quality. The trading market developed a cotton quality traceability system. In 2021, more than 240 A pilot project was carried out in a cotton ginning factory. The cotton quality traceability system is based on data from all aspects of cotton production, covering the sale, stacking, and processing of seed cotton, correlating information between lint cotton and seed cotton, and using Internet technology from cotton planting, picking, purchasing, processing to warehousing inspection. During the process, data on seed cotton varieties and seed cotton modules were collected and analyzed in a timely manner, and finally a one-to-one correspondence between lint quality, seed cotton varieties, and cotton farmer information was achieved, and precise distribution of subsidies for cotton quality was achieved. Through the role of high quality, good price and good supplements, it effectively guides and promotes cotton growers and processing companies to lay the foundation for improving cotton quality through graded picking, graded stacking and graded processing, and improves the information management level of cotton processing companies. At the same time, the system conducts detailed collection of seed cotton varieties and planting-related information to facilitate the agricultural department’s query and analysis, and provides a scientific basis for the agricultural department’s seed selection and breeding promotion, ultimately promoting the steady improvement of the quality of Xinjiang cotton and improving the quality of Xinjiang cotton. The market competitiveness of the industry.
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
