It Is Obvious That The Futures Market Helps Promote The Speed Increase Policy Of Xinjiang Cotton

At present, the relevant institutions in Xinjiang aim at

There are many preferential policies for the development of the industry. In the future, the cotton industry chain in Xinjiang will become longer and longer.

Because policy support and so on create a better market environment and industrial ecology for the development of Xinjiang's cotton industry, and Xinjiang is located in the geographical center of the Eurasian continent, which is the core area of the Western bridgehead and the Silk Road Economic Belt. In the future, Xinjiang will not only be the most important cotton producing area in China, but also will become the most important cotton textile production base.

In the process of pferring domestic cotton industry to Xinjiang, the development momentum of enterprises such as futures and other financial instruments in the industrial chain is also developing rapidly.

For example, many cotton growers in Xinjiang cotton area should make a plan according to the domestic cotton futures price before planting and selling seed cotton, so as to avoid the phenomenon of blind expansion and low price of seed cotton.

For some large textile enterprises, increasing the inventory of cotton and products is facing the risk of falling prices, while maintaining the state of low inventory of cotton and products is also facing the risk of rising prices and raw materials which may not be purchased in the future.

Du Ying told reporters that judging from the current lint pricing model in Xinjiang, futures pricing has gradually matured.

However, from the aspect of cotton business, there are still many problems to be solved.

Because of the annual production of cotton, many cotton ginning mills are facing inventory risks.

At the same time, cotton, as a commodity with high economic value, occupies a large amount of money in the circulation process. Cotton enterprises often encounter shortage of funds in their operations.

According to reporter's understanding, in the world

Under the condition of higher integration, the market competition of enterprises in China's cotton industry chain is becoming more and more intense. Under the condition of increasing cotton price fluctuation, the healthy development of Xinjiang's cotton industry needs not only to strengthen policy support, to strengthen product innovation and management innovation, but also to strengthen market risk management.

In recent years, in order to help the cotton enterprises in Xinjiang to solve the problems of large business risk, tight funds and shortage of futures talents, Zhengshang and other relevant futures institutions focus on training futures business in Xinjiang, and carry out a number of innovative businesses in the futures market service industry, which is conducive to the stable development of the Xinjiang cotton industry.

At present, Zheng Shang has innovatively set up cotton delivery in Xinjiang area.

The cotton production in Xinjiang, Xinjiang inspection, Xinjiang registration, cotton pfer warehouse receipt delivery unit, inspection method, inspection institution, delivery standard, time pfer mode, independent pairing delivery method, warehouse receipt margin deposit, bank pledge and other functions are all the same as the standard warehouse receipt.

If the pfer warehouse receipt is to be converted to standard warehouse receipt, only the problem of pportation from Xinjiang to the mainland will be left. The pport time will be flexibly resolved by the warehouse holder and the delivery pfer bank according to the tightness of railway pportation.

In addition, in order to help farmers in poor areas of Xinjiang to get rid of poverty as soon as possible and reduce the risk of farmers planting cotton, Zhengshang and many futures institutions also launched "insurance + futures" business in parts of Xinjiang.

In early November of this year, the signing ceremony of the first "insurance + futures" innovation pilot project in Xinjiang was held in Shache County, Kashi, Xinjiang. The PICC and the South China Futures wholly owned subsidiary, Nanhua capital, signed the "cotton insurance + futures" innovation cooperation agreement, and issued a cotton price insurance policy to 25 cotton growers.

The reporter learned from Zheng Shang that in the future, Zheng Shang will also focus on the development trend of China's cotton industry to Xinjiang, strengthen the training of futures business for cotton related enterprises in Xinjiang, and actively promote the establishment of cotton futures valuation points and delivery repository in Xinjiang.

For example, the relevant institutions in Xinjiang will shorten the subsidy period of textile and garment enterprises from the 1 year to the 1 quarter, set up a textile and garment industry guiding fund with a scale of about 10 billion yuan, invest in equity investment in the well-known textile and garment enterprises in the Xinjiang investment enterprises, reduce the financing cost, build a standard factory building in the township of the state owned Property Investment Companies in the key textile and garment industrial parks and the population of the southern Xinjiang four Prefecture and 3 years rent free investment to the mainland's Xinjiang investment enterprises; set up a special fund for the international market development of the textile and garment industry, give special support to the export oriented enterprises such as garments and home textiles factories set up in Xinjiang, and support the production enterprises to open up the Western markets of China, West Asia, Russia and Europe.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.