Agricultural Development Bank Aksu Branch: 'Blood transfusion and oxygen supply' to build a famous textile city

Xinjiang Aksu Xinjue Textile Co., Ltd. (hereinafter referred to as 'Xinjue Company') is a key cotton spinning enterprise in Aksu area, mainly engaged in cotton purchase, processing, textile and sales. In recent years, Aksu has successively introduced policies and measures such as promoting employment in the textile and garment industry and managing special subsidies for textile and garment enterprises. In order to seize the policy opportunities of the Autonomous Region and Aksu Textile Industrial City to vigorously develop the textile industry and improve market competitiveness, Xinjue Company formulated the construction plan for the first phase of the 300,000 spindle OEA yarn production line project. Due to insufficient funds, the company applied for a 250 million yuan industrial poverty alleviation fixed asset loan to the Aksu branch of the Agricultural Development Bank.　　 After receiving the application, the bank immediately appoints a dedicated person to set up an investigation team, and arranges the communication and docking of the business backbone, on-site inspections, and in-depth understanding of the company's production and operation, financing needs, and the administrative approval procedures for the construction of related projects. Subsequently, the bank formulated a loan financing plan, worked overtime to review loan information, and carried out credit rating and project evaluation investigations on enterprises under the joint promotion of the district, prefecture and county levels. At the same time, it urgently requested an adjustment of the size of funds. After joint efforts, In the end, the first loan of 125 million yuan was successfully released to support Xinjue Company's construction of factory buildings, supporting infrastructure and purchase of spinning equipment. After the project is completed, it can provide more than 600 direct employment jobs for the local filed and registered poor people. At present, employment has been arranged for 15 poor people who have established files and registered cards, with an annual per capita income of 32,000 yuan, so that poor households can get rid of poverty and solidify poverty. The chairman of Xinjue Company said: “The Aksu regional branch of the Agricultural Development Bank is actively playing a policy-based financial function to help our company solve development problems, and to promote textile companies to further strengthen technological transformation and independent brand building, as well as comprehensively improve the core competitiveness of the company, and realize The transformation from big to strong has played a positive role in promoting.'　　In recent years, the Aksu area has relied on cotton resources and location advantages to comprehensively promote the construction and development of industrial clusters. It is under this situation that the Aksu branch of the Agricultural Development Bank has actively implemented the implementation. The national industrial policy actively increases support for the textile industry. This year, the bank has increased credit investment through measures such as expanding credit scale, optimizing the credit structure, and innovating financing models to support the development of the textile industry and help the industry to alleviate poverty. As of April 8, the bank has approved a total of 644 million yuan of loans in the textile sector this year and issued a total of 466 million yuan.　　 Through the use of the fixed asset purchase loan model, the bank successfully issued a loan of 311 million yuan to support the Aksu Textile City Water Supply and Drainage Company to purchase stock operating fixed assets under the name of the Textile Industrial City. After the completion of the project, it can effectively revitalize the existing operating fixed assets of Aksu Textile Industrial City, promote the development of advanced textile and garment industry, trade logistics and other industries in the Textile Industrial City, in order to build Aksu Textile Industrial City into China's high-quality cotton textile base and China's high-quality knitting industry. The product base lays a solid foundation. The bank also actively supports the development of the XPCC’s textile industry and issued 30 million yuan of industrial poverty alleviation working capital loans to Alar Taiquan Textile Co., Ltd. for the purchase of spinning raw materials needed by the enterprise. It is expected to drive 5 poor people who have established files and registered cards Increasing income can directly increase the per capita income of the poor by 26,000 yuan each year, and play a supporting role in the fight against poverty. Key words of the article: 　Aksunong Issues New Jue Company Cotton Spinning Loan Employment