Financial Innovation Improves The Core Competitiveness Of China Cotton Capital

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The Xiaobian of shoe and hat net introduces the core competitiveness of financial innovation in China Cotton capital.

At the moment, when many

Because of the lack of money, Li Xincai, the owner of Tianmen Jintai Cotton Industry Co., Ltd., is buying new cotton.

The solution to Li Xincai's financial problems was the opening of China's (Tianmen) cotton trading center at the end of 2012.

In July, the center provided him with a about 2000000 yuan cotton financing service at a time.

The center has a total investment of 6 billion yuan, aiming at building the largest cotton trading platform in China and achieving Tianmen "China Cotton capital".

Here, the introduction of modern financial services to traditional agriculture, the value of a cotton can be fully released.

Take Li Xincai as an example.

He keeps his stock in the trading center and sells it to the center, and he can get the prepaid financing from the center by 70% of the market price of the goods.

After the sale of cotton, the company will settle the balance again.

This is the "warehouse receipt mortgage" financing mode launched by the trading center for small and medium-sized cotton enterprises to solve the financial problems.

Through the introduction of various kinds of financing services such as warehouse receipt mortgage, consignment listing and credit card delisting, the cotton trading process in the past quarter has now been realized by day plan, and the market operation has become more and more rapid.

According to the data provided by the center, the volume of cotton turnover in the center reached more than 50 thousand tons, and the turnover volume exceeded 1 billion yuan.

Among them, the supply chain of cotton supply business volume of nearly 2 million tons, supply chain financing amounted to 250 million yuan, the volume of pactions ranked first in the central ministry.

"Finance + cotton" is becoming the core competitiveness of Tianmen to build China's cotton capital.

In September this year, Xinjiang cotton industry group, Louis Da Fu and other cotton traders came to "Tianmen", and more than 300 cotton merchants and processing and textile enterprises gathered.

Xiao Shiguo, general manager of the center, said that through financial support, more cotton trading could be promoted in Tianmen and eventually formed the vane of the Tianmen cotton price index.