Shandong Branch Of Agriculture Development Bank To Support 10 Billion Yuan In Support Of New Cotton Purchase

In 2014,

The cotton purchase policy has made major adjustments, abolished the temporary cotton purchase and storage policy, and comprehensively returned cotton to the market, and implemented a pilot project of cotton target price reform in Xinjiang.

The reporter learned from the Shandong branch of the Agricultural Development Bank recently that the bank actively implemented the national cotton control policy and credit policy. Now it has prepared nearly ten billion yuan of funds for the acquisition of new cotton, and according to the way of segmental startup and small amount of hard work, it reasonably controls the rhythm of loans, and promptly purchases funds to make money and other cotton, so as to support the acquisition of new cotton safely.

Shandong is a traditional cotton producing province in China, but the cotton planting area has gradually shrunk in the past ten years. In 2014, it is estimated that 8 million 500 thousand cotton plants will be planted in the whole province, down 20% from the same period last year, and the output will be 600 thousand tons, down about 15% from the same period last year.

It is understood that, in order to do a good job in the acquisition of new cotton, the Shandong branch of the Agricultural Development Bank widely listened to the opinions and suggestions of cotton growers and processing enterprises and took the initiative to make preparations for the acquisition of new cotton in a timely manner.

Orderly supply of acquisition funds.

When determining the qualification of acquiring enterprise loans, the bank takes the optimization of customer structure and the prevention and control of market risks as its main objective, and encourages enterprises to follow the market principles and carry out acquisitions in accordance with the principles of marketization.

In August, the bank approved the loan qualification of 119 enterprises in accordance with the terms and conditions of the acquisition, and announced the list of enterprises to the society in a timely manner.

Main producing area.

For possible gaps, the bank actively communicates with local governments, undertakes the risk by the local government, and actively supports the acquisition of cotton strategic customers and textile leading enterprises in the surrounding counties, effectively avoiding the "selling hard" problem.