Xinjiang Banking Regulatory Bureau Issued Opinions To Support The Development Of Xinjiang Textile And Garment Industry

< p > > recently, < a href= "http://sjfzxm.com/news/index_q.asp >" Xinjiang Banking Regulatory Bureau < /a > issued "opinions on banking support for the development of Xinjiang textile and garment industry" (hereinafter referred to as "opinions"), from the four aspects of ensuring the continuous growth of textile and garment industry loans, enriching and creating new financial services mode of textile and garment industry, strengthening financial advisory services to the textile and garment industry, effectively preventing and controlling the credit risk of textile and garment industry, and putting forward ten specific support suggestions.

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< p > according to the introduction, < < a href= > http://sjfzxm.com/news/index_q.asp > > /a > first highlights differentiation orientation.

It is required that banking financial institutions strive to adopt differentiated credit policies for Xinjiang's textile and garment industry to their respective heads of banks, make clear the key supporting regions, links and enterprises, formulate different support strategies for different types of textile enterprises, and give green channels to the banking financial institutions that are actively completing their goals in terms of market access.

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< p > < strong > opinion highlights innovation orientation.

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< p > encourage banking financial institutions to strengthen research and development of financial innovation products; support independent innovation and major technological equipment progress of textile and garment enterprises; innovate credit models and expand the scope of loan collateral; support textile and garment enterprises to adopt multi channel financing through issuing corporate bonds.

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< p > < strong > opinion highlights professional service orientation.

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< p > encourage banking financial institutions to make use of their advantages in information, talents and reputation to provide professional information services, financial advice and fund management services for enterprises, so as to reduce the financing cost of enterprises.

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< p > < strong > opinion highlights the direction of risk prevention and control < /strong > < /p >

< p > requires the banking financial institutions to strengthen the dynamic monitoring of the operation status of < a href= "http://sjfzxm.com/news/index_f.asp" > the textile and garment enterprises < /a >, and strengthen the forward-looking judgement and forecast of the domestic and foreign economic trends and the development of the industry, and effectively control the risk of loans.

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< p > in May this year, when the central government inspected Xinjiang, it put forward the important topic of vigorously developing textile and garment industry to promote the employment of millions of people around Xinjiang's cotton advantage. Therefore, our district studied and formulated < < a href= > http://sjfzxm.com/news/index_h.asp > > < /a >.

According to the "Outline" plan, by 2020, the employment capacity of our textile industry chain will reach 1 million.

Among them, from 2014 to the end of 2017, the number of employed persons doubled, reaching more than 400 thousand people, and doubled to 1 million by 2018 to the end of 2020.

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< p > according to statistics, Xinjiang is currently the largest commercial cotton production base in China. Its total output has accounted for 52% of the total output of the country and has become a major part of China's textile industry.

In 2012, there were 81 clothing (clothing) enterprises with sales income of more than 5 million yuan, and 28 million 260 thousand clothing products.

The above scale textile enterprises completed the total industrial output value of 21 billion 500 million yuan.

In 2012, the total value of textiles and clothing exported to Xinjiang port amounted to 7 billion 200 million yuan, mainly exported to the Central Asian region, Russia and the European Union.

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< p > "textile and garment industry covers a wide range and has a long industrial chain. The characteristics of labor-intensive industries are very outstanding. Especially in the southern Xinjiang, the textile and garment industry is easy to achieve the industry of near employment."

Liang Yong, deputy director of the autonomous region, said that once the outline is implemented, it will have a significant impact on the development and employment of Xinjiang, and promote the pfer of the Eastern Textile Industry to Xinjiang.

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< p > according to the introduction, Xinjiang has obvious advantages in developing the textile and garment industry. First, raw materials are abundant, and cotton output accounts for half of the national output. The two is that Xinjiang has abundant and cheap power resources, and the average electricity price is at a low level in the whole country. It is very advantageous for the textile and garment enterprises with electricity cost accounting for 10% -15% of production cost; three, the geographical advantage of opening to the West; through Xinjiang to export to Central Asia and Europe, clothing can significantly reduce pportation time and lower logistics cost; four, land resources are abundant; five is labor force affluent; Xinjiang has nearly 600 thousand urban labor force needs employment every year, and about 2 million of the rural surplus labor force pfers jobs.

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< p > according to the statistics of the China Federation of textile industry, in the first half of this year, China's textile industry invested 391 billion 500 million, an increase of 15%, and the 12 western provinces invested 34 billion, an increase of 23.2%, much higher than the national average level. The shift of the textile industry to the West has become a trend of development, which is very beneficial for Xinjiang to undertake the eastern industrial pfer.

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< p > "advantages are many, but obstacles are obvious."

Xu Wenying, vice president of the China Textile Industry Federation, said that the adverse factors such as the rising labor costs, the low international demand, and the large difference between inside and outside cotton have adverse effects on the textile industry.

In particular, the domestic and international cotton price differential inversion phenomenon is particularly unfavorable for Xinjiang.

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< p > "textile and garment industry covers a wide range and has a long industrial chain. The characteristics of labor-intensive industries are very outstanding. Especially in the southern Xinjiang, the textile and garment industry is easy to achieve the industry of near employment."

Liang Yong, deputy director of the Commission, said that the development of the textile industry will have a significant impact on the development of Xinjiang and the realization of employment, and will promote the pfer of the Eastern Textile Industry to Xinjiang.

According to statistics, Xinjiang is currently the largest commercial cotton production base in China. Its total output has accounted for 52% of the total output of the country and has become a major textile region in China.

In 2012, there were 81 clothing (clothing) enterprises with sales income of more than 5 million yuan, and 28 million 260 thousand clothing products.

The above scale textile enterprises completed the total industrial output value of 21 billion 500 million yuan.

In 2012, the total value of textiles and clothing exported to Xinjiang port amounted to 7 billion 200 million yuan, mainly exported to the Central Asian region, Russia and the European Union.

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< p > in recent years, domestic and foreign textile and garment enterprises invest in Xinjiang. The capacity of newly built and reconstituted cotton textile production accounts for about 85% of the total capacity of the territory, and the production capacity of chemical fiber reaches over 90%.

Among them, the domestic textile industry listed companies have become the leading force in investment. As of now, there are 11 domestic listed enterprises in Xinjiang's newly built and reconstituted textile and garment enterprises.

According to the statistics of China Federation of textile industry, in the first half of this year, China's textile industry invested 391 billion 500 million yuan, an increase of 15%, and the 12 provinces and municipalities in the western region invested 34 billion 400 million yuan, an increase of 23.2%, much higher than the national average level. The shift of textile industry to the West has become a trend of development, which is very beneficial for Xinjiang to undertake eastern industrial pfer.

Xinjiang's advantages in developing textile and garment industry are obvious: first, raw materials are abundant; two, Xinjiang has abundant and cheap power resources; three, the West open regional advantages; four, the rich land resources; five, the surplus labor force.

On the other hand, despite the fact that Xinjiang is a major cotton producing region in China, the survival of Xinjiang textile enterprises sitting on Xinjiang cotton hill is becoming more and more difficult under the background of domestic and foreign cotton price inversion.

According to the statistics from the autonomous region, the price of cotton textile products at home and abroad has been upside down. In the 1-8 months of this year, 105 Textile Enterprises above Designated Size made a loss of 169 million yuan, 56 of the deficit companies, and 53.33% of their losses.

At present, Xinjiang textile enterprises can not afford high price Xinjiang cotton, and enterprises want to get cheap imported cotton abroad, and are subject to quota restrictions.

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