Xinjiang Branch Of Export Import Bank Actively Supports The Development Of Real Economy Of Textile And Garment Industry

The Xinjiang branch of export import bank fully implements the tasks of "six stabilities" and "six guarantees" put forward by the Party Central Committee and the State Council. In accordance with the relevant policies of the Party committee and government of Xinjiang Uygur Autonomous Region on supporting the textile and garment industry, Xinjiang branch plays a policy financial role, actively supports the development of the real economy of the textile and garment industry, promotes the employment of the poor and helps to overcome poverty.

Xinjiang Lintai Textile Co., Ltd. has been included in the list of key production enterprises of Xinjiang Lintai yarn Co., Ltd. (hereinafter referred to as Xinjiang cotton mask production enterprises). Affected by the epidemic situation, enterprises have a certain funding gap in the procurement of raw materials. Xinjiang branch of the export import bank actively uses the special refinancing of the people's Bank of China to provide preferential funds for enterprises and help them relieve the pressure of financial turnover. In addition, the bank also issued 42 million import credit to support Xinjiang Litai to construct 1.2 million spindle 3-phase spinning project in Korla City, continue to support enterprises to expand production increment, and drive more than 200 people to file and register poor households to find jobs.

With the advantages of resources and channels, textile and clothing industry has gradually become a characteristic industry in Xinjiang, which plays an irreplaceable role in absorbing labor employment and maintaining social stability. However, affected by the epidemic situation, textile and garment enterprises have a certain adverse impact on the procurement of raw materials, production and transportation and product sales. Xinjiang branch of export import bank deeply understands the policy intention of developing textile and garment industry in the autonomous region, and actively helps relevant enterprises tide over difficulties. In Yingjisha County of Kashgar Prefecture in southern Xinjiang, the leading poverty alleviation enterprise, Yingjisha Qilu textile and Garment Co., Ltd. was hindered in product sales and fund withdrawal was slow, resulting in production suspension for one month during the epidemic period. The bank actively sorted out the business difficulties of the enterprise, communicated repeatedly, adjusted the repayment plan for its 159 million yuan stock loan in time, and delayed the relevant interest of 2.08 million yuan, so as to ensure the continuous production and economic development of the enterprise The business does not fall off the line, attracting more than 100 people to file and register poor households to stabilize employment. In Dabanshan Industrial Park, Tumushuke City, the third division of XPCC, Xinjiang egret Fiber Co., Ltd. is a key high-tech enterprise attracting investment from the government, mainly producing cotton fiber products. After understanding that the decline of the enterprise's income needs working capital, the bank quickly provided 20 million yuan of working capital loan to support it. Relying on the local rich cotton resources, it can not only improve the enthusiasm of cotton farmers, but also promote the deep processing of high-quality cotton, forming a benign pattern of lengthening the industrial chain, enhancing the value chain, widening the income chain, and actively maintaining social stability development.

Since then, the branch has invested more than 5.5 billion yuan in the construction of textile machinery and clothing industry in Xinjiang Autonomous Region.