Agricultural Development Bank Held Cotton Purchase Credit Conference To Deploy Cotton Purchase In The New Year

Facing the current cotton in China

In order to ensure that cotton growers sell cotton smoothly and protect the interests of cotton farmers, the Agricultural Development Bank held the 2012 annual cotton purchase credit conference in Hefei, Anhui Province, to summarize the cotton credit work in 2011, analyze the current situation in the cotton market and textile market, and study the deployment of cotton purchase credit fund supply in 2012.

Bao Jianan, vice president of the Agricultural Development Bank, attended the meeting and delivered an important speech. Two general managers of the head office, Mr. Di Sheng, presided over the meeting.

The meeting stressed that all levels of banks should continue to adhere to the guiding ideology of preventing and controlling risks under the premise of not playing the white bill, correctly handle the relationship between insurance acquisition and risk prevention, implement the pro reserve policy as a support for acquisitions, achieve the linkage between acquisition and storage, ensure the smooth and orderly supply of credit funds for cotton acquisitions, and cotton purchase does not cause major problems due to the issue of agricultural development.

We should formulate a plan for the supply of cotton purchase credit funds according to local conditions.

It is necessary to strengthen relevant departments and trade associations with the government.

Communication and coordination between the company and its branches, strengthening effective communication with the news media, actively publicizing the credit policy of the Agricultural Development Bank, and creating a good working environment.

The meeting called for all levels of banks to accurately grasp the credit policy, conscientiously implement the work requirements of the head office, and actively and reliably support the acquisition of cotton, so as to ensure the smooth progress of cotton purchase.

First, we should rationally arrange the supply point of funds, prevent "selling cotton difficult", and make the loan enterprises of the agricultural development bank basically cover the main cotton producing areas, and announce them to the public in a timely manner, so as to facilitate the cotton farmers to sell cotton.

Two is the acquisition of capital supply to achieve "money and other cotton".

Each bank should arrange the credit scale in time and in full, and lay out a certain amount of funds for the enterprises to ensure that the loan companies have enough funds to purchase and guarantee the timely payment of cotton farmers' cotton sales in full and in full.

The three is to provide timely, full and orderly capital supply, strengthen communication and coordination with the medium storage cotton company, arrange credit plan ahead of time, and speed up the progress of fund settlement.

The four is to guide enterprises to carry out business activities around the temporary reservoir, and urge enterprises to carry out acquisitions according to the cotton seed purchase reference price announced by the cotton association, and strengthen the management of cotton purchase and processing quality, so as to ensure the smooth implementation of the storage and storage as soon as possible.

The five is to establish a strategic customer base for cotton credit.

The main support areas such as Xinjiang, the Yellow River, Yangtze River and other main cotton producing areas and southeastern coastal areas.

Strategic customer base construction in main sales area.

Six, we should lay stress on consolidating basic management and implement closed management measures.