Bazhou is one of the main cotton-producing areas in Xinjiang and is also a key textile industry in the autonomous region. Clothing base. The Bazhou Branch of the Agricultural Development Bank of China gives full play to its advantages as a “cotton bank”, adheres to bottom-line thinking, provides financial support to optimize the layout of the cotton industry, increases credit support at both ends of the cotton textile industry, and continues to improve the resilience and security level of the cotton industry chain and supply chain.
Support cotton textile “front-end” construction. Approved an agricultural science and technology loan of 100 million yuan to support the construction of a series of professional production supporting facilities such as seed cotton ginning, cotton seed processing production lines, seed laboratories, and normal temperature warehouses in Yuli County, helping the county to build and improve “leading cotton industry enterprises + seed industry companies” +Professional cooperative +Growers” cotton seed breeding system. So far, the bank has provided a total of 1.074 billion yuan in loans for rural land transfer and large-scale operations, supporting the construction of 420,000 acres of high-standard cotton fields and helping to reduce 10,000 acres of cotton fields into pieces, turning them into “fields of hope” with stable and high yields.
Support the “middle-end” construction of cotton textiles. Insist on stabilizing the intermediate acquisition link, make good use of the preferential policies granted by the Football Association Branch to the development of Xinjiang’s cotton industry, implement the “one enterprise, one policy” credit support policy, and implement differentiated policies and investment according to the cotton enterprises’ ability to resist risks and their own characteristics. The 2022 cotton acquisition loan is 6.602 billion yuan to support cotton acquisition, helping cotton companies to collect cotton without any shortage of money, and cotton wadding enters the factory; using textile parks and high-quality textile enterprises as the starting point, support the textile industry to improve quality and efficiency andTransformation and Upgrading, investing 355 million yuan to support the construction of cotton textile projects and the production and operation of cotton spinning enterprises to help extend the cotton industry chain. Promote the growth of cotton and textile and apparel industrial clusters.
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