Xinjiang Spinning And Weaving Industry Develops Differentiated Credit To Help

In December 16th, reporters from Xinjiang textile The bank understands that the opinions on financial support for the development of the textile and garment industry to promote employment have been published. In order to increase credit support for the textile and garment industry in Xinjiang, financial institutions are required to Xinjiang. Textile and clothing The industry will adopt differentiated credit, give special credit policy support to fixed assets and liquidity loans, and actively strive for the central bank and the state financial supervision department to give differentiated financial policies to the textile and garment industry in Xinjiang, and increase the tilt of Xinjiang textile and garment in terms of credit regulation, business access, tolerance of non-performing loans, write offs of non-performing loans, and interest rate standards.

It is worth mentioning that the infrastructure construction of textile and garment industrial park is included in the government financing platform, and the implementation of the "three special permission" policy: in particular, it allows the issuance of pre project loans, especially the issuance of revolving loans, and the special permission to grant project capital in proportion.

In actively utilizing multi level capital market to support diversified financing of textile and garment industry, we should increase the intensity of training of listed garment enterprises, raise relevant preferential policies for listing and listing, and actively guide textiles. Clothing enterprise Using capital market to implement M & A and promote Textile and clothing We should actively encourage the leading enterprises in the textile and garment industry to raise funds in many ways, vigorously support the enterprises in the textile and garment industry to issue corporate vouchers and corporate coupons, and actively develop collective bonds, private debt and directional bonds that conform to the characteristics of SMEs in the textile and garment industry, and strive to expand the scale of bond financing and meet the financing needs of the textile and garment industry.

In fact, before that, 6 implementation methods of the ten preferential policies for textile and garment industry have been promulgated, which have given real policy support from cotton raw materials, transportation, factory building and loan discount.

According to Liang Yong, Deputy Secretary General of the people's Government of the autonomous region, after the introduction of the 10 preferential policies, the cost of Xinjiang's textile and garment industry is expected to decrease by at least 10% compared with that of the mainland. At present, the average profit margin of the domestic textile and garment industry is 5.69%. The cost of Xinjiang's textile industry will drop by at least 10%, which will greatly enhance the competitive advantage of Xinjiang's textile and garment industry and reverse the plight of the industry.

Moreover, the development of textile and garment industry in Xinjiang also plays an important role in adjusting the structure. Liang Yong said that at present, the proportion of heavy industry and light industry in Xinjiang is about 9:1. There is a serious imbalance between heavy industry and light industry structure, and there is a big hidden danger. Therefore, there is an urgent need for more support. Among them, financial support is the most important.

Extended reading

Xinjiang's textile and garment industry is supported by financial institutions

Washington (reporter Wang Lili Intern Tian Mengyao) recently, Korla economic and Technological Development Zone and Xingye Bank Limited by Share Ltd Urumqi branch successfully signed a strategic cooperation agreement, which marks the Korla textile and garment industry city investment and financing platform has a solid backing of funds.

It is reported that the Urumqi branch of Xingye Bank, which signed a strategic cooperation agreement with Korla textile and garment industry city, provides comprehensive financial support for the Korla textile and garment industry city, and will provide a total scale of 5 billion yuan credit support in the next 10 years.

The two sides also agreed to make full use of the advantages of resources within the scope permitted by national policies, laws and regulations to carry out multi-level, multi field and all-round financial cooperation, and comprehensively promote the development of Korla's textile and garment industrial city.

In fact, Korla textile and garment industry city is not supported by financial institutions. In Urumqi, the 14 banks, including CDB, ICBC and ABC, signed a contract to support the development of the textile and garment industry's labor and employment bank and enterprise docking. They signed contracts with 18 textile and garment enterprises respectively, and the amount of loans signed was 1 billion 511 million yuan. 8 of them are Urumqi enterprises.

Duan Weiming, general manager of Xinjiang Ming heavy Garment Co. Ltd., a contract signing company, said that clothing companies are different from other industries. There is no fixed assets and no collateral, so financing will have many difficulties. The market of garment enterprises is very large, especially in the Central Asian market. Their products have a large share in the Central Asian market. However, due to the relative shortage of production capital and liquidity, it is difficult to grow rapidly on the basis of their own capital flow.

In addition, in July this year, the autonomous region issued the "opinions on developing the textile and garment industry to promote employment" and "Xinjiang's textile and garment industry driven employment plan (2014-2023)", and formulated ten support policies, which created a favorable policy environment for Xinjiang to accelerate the development of the textile and garment industry. Bank financial institutions have also taken the Xinjiang textile and garment industry as an object of encouragement and support, and issued a series of policies and measures.