Xinjiang: Agricultural Development Bank Helps "Six Guarantees" And "Six Stabilities"

In the first half of this year, Xinjiang branch of Agricultural Development Bank of China took winning the battle of epidemic prevention and control and "red may" business as the starting point, gave full play to the role of "being the forerunner, making up the weaknesses, and going against the cycle", solidly did a good job in the "six stability" work, earnestly implemented the "six guarantees" task, and made every effort to provide accurate financial services for epidemic prevention and control, real economic development and poverty alleviation, so as to establish a service for Xinjiang Bank brand of poverty alleviation and Rural Revitalization. As of the end of June, the total amount of loans granted was 49.623 billion yuan, an increase of 123.50% over the same period of the previous year, and the amount of loans put in was among the top of the whole system. Among them, 22.9 billion yuan of loans for poverty alleviation and prevention and control reached 22.69 billion yuan, respectively.

We firmly support the fight against epidemic prevention and control. We fully supported the production of medical materials and daily necessities, and met the capital needs of "guaranteed supply" enterprises. We provided a total of 6.247 billion yuan of emergency loans for epidemic prevention and control to 191 enterprises. The number, amount and amount of emergency loan approval customers ranked among the top of the whole system. Among them, 1.056 billion yuan of loans were granted to national key epidemic protection enterprises, and 1.036 billion yuan was granted to the people's Bank of China. A total of 6.736 billion yuan of loans were granted to 161 enterprises for the supply of important agricultural products, such as grain and oil, meat, eggs and milk.

We will spare no effort to serve the decisive battle and overcome poverty. Focusing on the development of deep poverty-stricken areas and industries in the four prefectures of Southern Xinjiang, we made full use of the special poverty alleviation re loan policy of the people's Bank of China in "three districts and three prefectures", and accumulated 5.211 billion yuan of special poverty alleviation re loans, which ranked first in the whole system. We will accelerate the construction of supporting facilities for relocation, rural education, public health system construction, and the finishing project of housing and drinking water safety, and consolidate and expand the achievements in poverty alleviation. As of the end of June, the accumulated poverty alleviation loans amounted to 22.969 billion yuan, an increase of 2.14 times on a year-on-year basis, including 3.794 billion yuan of loans to 10 undeveloped poverty-stricken counties, a year-on-year increase of 6.80 times, and 94.85% of the tasks assigned by the head office; the balance of poverty alleviation loans was 57.788 billion yuan, with a year-on-year increase of 70.56%. The amount and balance of the investment will remain at the forefront of the financial industry in Xinjiang, and the poverty alleviation business will be covered by state-owned poverty-stricken county branches and secondary branches (directly subordinate branches).

Ensure the safety of grain and cotton. Efforts should be made to enhance the ability to guarantee food security, give full play to the role of grain and oil market in maintaining price and supply, vigorously support the central and local reserve rotation business, raise funds for summer grain purchase in advance, and earnestly achieve the goal of "money and grain". By the end of June, loans for grain and oil totaled 4.456 billion yuan, an increase of 3.044 billion yuan, or 215.58%, a record high. More than 2.388 billion tons of wheat and more than 2.838 billion tons of wheat were invested in advance. We have made preparations for cotton purchase in the new year in advance, and 144 enterprises with cotton purchase loan qualification have been identified, with a credit line of 17 billion yuan. To explore and support high-quality customers to purchase cotton processing plants, update and transform technical equipment, and stabilize the ups and downs of cotton credit, loan 456 million yuan, steadily promote the "silver textile loan" business; loan 648 million yuan, a total of 27 listed enterprises are supported, helping the development of small and medium-sized enterprises of textile and clothing. The pilot launched the cotton "hedging loan" business, helping five cotton pilot enterprises achieve hedging profits of nearly 100 million yuan.

Efforts should be made to promote the steady growth of investment. Focusing on the key tasks of the autonomous region to make up for the shortcomings of infrastructure, we should make full use of the working mechanism of the special loan of RMB 60 billion, focus on key areas such as water conservancy, transportation, integrated development of urban and rural areas, construction and protection of ecological environment, and construction of human settlements, so as to increase support for major projects, effectively promote stable investment, expand domestic demand and stabilize employment. The accumulated infrastructure loans amounted to 18.015 billion yuan, an increase of 66.10% year-on-year; the loan balance was 100.763 billion yuan, an increase of 15.155 billion yuan over the beginning of the year, accounting for 57.47% of the net increase in loans of the whole bank. There were 621 new warehousing projects of key projects and financing amount of 111.8 billion yuan, a year-on-year increase of 3.3 times, and 125.00% of the annual target tasks were completed. We supported the regional development strategy, drafted and issued the guiding opinions on policy based financial support for port economic construction, and promoted the development of port economic zones such as Alashankou and Horgos. The accumulated loans reached 1.477 billion yuan, up 104.00% year-on-year. In support of the strategy of invigorating Xinjiang through tourism, the approved amount of travel related loans was 6.398 billion yuan, with a total investment of 3.340 billion yuan.

We will implement a series of financial support policies. To help small and medium-sized and micro enterprises to extricate themselves from crisis and difficulties, 19.35 billion yuan of loans were granted to 355 small and medium-sized enterprises, accounting for 67.31% of the total loans. Among them, 311 million yuan was granted to 60 enterprises. The accumulated loans amounted to 4.852 billion yuan, and actively supported spring farming. Accumulated loans of 761 million yuan were made to support the development of animal husbandry such as pigs. Since last year, the average interest rate of new loans has been reduced by 1.25% compared with that of last year.