Kashgar Branch Of Agricultural Development Bank Of China Has Invested More Than 2 Billion Yuan In New Cotton Purchase Loans

At present, as one of the main cotton production areas in Xinjiang, Kashgar ushered in a bumper harvest of cotton, and harvest entered the peak period. The new year's cotton purchase loan of Xinjiang Kashgar branch was also accelerating.

Recently, with Jiashi cotton industry, Shache cotton industry and other cotton purchasing enterprises' 200 million yuan purchase loans, the bank's cumulative amount of cotton purchase loans in the new year exceeded 2.00 billion yuan, reaching 2.03 billion yuan, which was 75 million yuan more than that in the same period of last year, exceeding the cotton loan stage release task assigned by the District branch.

      Since this year, Kashgar branch has upgraded its position, carefully studied and judged the complex situation of the cotton market, gave full play to the role of Agricultural Development Bank of China in cotton acquisition, made every effort to do a good job in cotton acquisition in the new year, completed the credit rating and qualification identification of 24 cotton purchasing enterprises nearly one month ahead of last year, and prepared 8.480 billion yuan of cotton purchase funds, so as to ensure that each major cotton producing county has its own expenditure On August 27, the first cotton purchase loan in Xinjiang was successfully granted.

    After the first loan was put into operation, Kashgar branch strictly implemented the requirements of "fast delivery, more investment, more cotton harvest and good cotton harvest". It successively held the video scheduling meeting of cotton purchase credit in 2020 and the third general meeting of the second session of cotton processing enterprise association, visited cotton purchasing enterprises, investigated the cotton market situation, and arranged, implemented and re arranged the cotton purchase work to urge. All county-level sub branches have strengthened communication with cotton purchasing enterprises, urged enterprises to speed up the progress of equipment maintenance and scale opening purchase, and timely put in cotton purchase credit funds according to the actual operation situation of enterprises and in combination with the credit fund demand at various stages of enterprises, so as to effectively guarantee the "continuous filing" of new cotton purchase funds.