Aksu: The Agricultural Development Bank Of China Completes The Cotton Purchase Loan

"Thank you very much for the timely release of cotton purchase funds by the agricultural development bank before the National Day holiday, so that we can do a good job in cotton acquisition." on October 7, Mr. Liu, the person in charge of Awati Cotton Industry Co., Ltd. of China cotton group, said.

In order to further stabilize market expectations, Aksu branch of Agricultural Development Bank of China fully played the policy function of "the main channel of cotton purchase fund supply", seriously carried out market survey, sorted out and arranged in advance according to the situation of cotton loan supply this year, and urged all county (city) sub branches to timely report the credit and credit process, In strict accordance with the evaluation requirements and operation process, the loan investigation, review, approval, in-depth analysis of the impact of domestic cotton prices on the region, formulate response measures, and reasonably control the pace of loan. At present, 10 cotton loans within the approval authority have been completed, with an amount of 1.599 billion yuan, and 2.145 billion yuan of cotton loans in the new year have been completed, effectively combining credit evaluation, investment and risk prevention and control, and doing a good job in "money and cotton".

(source: Aksu daily)