The Export-Import Bank Xinjiang Branch: Actively support the real economy development of the textile and garment industry

The Xinjiang Branch of the Export-Import Bank fully implements the 'six stability' and 'six guarantees' tasks proposed by the Party Central Committee and the State Council, and in accordance with the Xinjiang Uygur Autonomous Region Party Committee and Government's policy on supporting the textile and garment industry, it will play a policy-based financial role and actively support the real economy of the textile and garment industry Development will drive the employment of the poor and help alleviate poverty. Xinjiang Litai Silk Road Investment Co., Ltd. (hereinafter referred to as 'Xinjiang Litai') is a key cotton spinning enterprise in Xinjiang. The cotton yarn and yarn produced by it can be used as important raw materials for masks and other medical material manufacturers, and it has been included in the national epidemic prevention and control key. Protect the list of companies. Affected by the epidemic, companies have a certain funding gap in the procurement of raw materials. The Xinjiang branch of the Export-Import Bank actively uses the People's Bank of China's special re-loan to provide preferential funds to enterprises to help them ease the pressure on financial turnover. In addition, the bank also issued 42 million import credits to support Xinjiang Litai's construction of a 1.2 million spindles third-stage spinning project in Korla City, continued to support the expansion of enterprises, and promoted employment of more than 200 poor households.　　 With the advantages of resources and channels, the textile and garment industry has gradually become a characteristic industry in Xinjiang, playing an irreplaceable role in absorbing labor employment and maintaining social stability. However, affected by the epidemic, textile and apparel companies have had certain adverse effects in the procurement of raw materials, production and transportation, and product sales. The Xinjiang Branch of the Export-Import Bank deeply understands the policy intention of the autonomous region to develop the textile and garment industry, and actively helps relevant enterprises to tide over the difficulties. In Yingjisha County, Kashgar Prefecture, southern Xinjiang, the leading poverty alleviation company Yingjisha Qilu Textile and Garment Co., Ltd. encountered obstacles in product sales and slow fund return, resulting in a one-month suspension of production during the epidemic. Its 159 million yuan stock loan adjusted the repayment plan, and delayed the related interest of 2.08 million yuan, to ensure that the production of the enterprise will not stop, the operation will not be dropped, and it will absorb more than 100 people to establish stable employment for poor households with registered cards. Xinjiang Egret Fiber Co., Ltd. is a key high-tech enterprise that attracts investment from the government in Dabanshan Industrial Park, Tumushuk City, the Third Division of the Corps, mainly producing cotton fiber products. After learning that the company's revenue decline requires working capital, the bank quickly provided it with a working capital loan of 20 million yuan to support it. Relying on the rich local cotton resources, it can increase the enthusiasm of cotton farmers for planting while driving high-quality cotton deep processing on-site. , To form a benign pattern of lengthening the industrial chain, upgrading the value chain, and broadening the revenue-increasing chain, and actively maintain the stable development of society. Since the autonomous region has vigorously developed the textile and garment industry, the Export-Import Bank Xinjiang Branch has issued a total of more than 5.5 billion yuan in loans to the real economy of the textile and garment industry in Xinjiang, mainly supporting textile machinery manufacturing, plant infrastructure construction, textile import and export, and overseas investment. . Article Keywords: 　Export Bank Xinjiang Textile and Apparel Real Economy