Bank Of Xinjiang Supports The Development Of Textile And Garment Industry

In order to further implement the spirit of the fourth central Counterpart Assistance conference, recently, Xinjiang The banking regulatory bureau promulgated the "opinions on banking support for the development of Xinjiang's textile and garment industry" (hereinafter referred to as the "opinions"), and put forward 10 specific support suggestions from 4 aspects, namely, ensuring the continuous growth of the textile and garment industry loans, enriching and innovating the financial services mode of the textile and garment industry, strengthening the financial advisory services to the textile and garment industry, and effectively preventing and controlling the credit risk of the textile and garment industry.

According to the introduction, the opinion highlights the orientation of differentiation. Banking institutions are required to fight for their textiles in Xinjiang to their respective headquarters. clothing The industry adopts differentiated credit policy, defines key supporting regions, links and enterprises, and formulates different support strategies for different types of textile enterprises. For the banking financial institutions that are actively completing their goals, they will give green access to market access.

All banking financial institutions are encouraged to support structural readjustment and upgrading of the textile and garment industry, and increase the large and medium-sized textile and garment enterprises with high technology level, advanced production technology and strong management capabilities, and the "three cities, seven gardens and one center" determined by the textile industry in Xinjiang (i.e., 3 textile industrial cities of Akesu, Shihezi and Korla); Kashi, Hutubi, Sha ya, Bachu, Kuitun, Korla, bole, 7 textile industrial parks, and Urumqi textile distribution centers, and the credit support of the upstream and downstream enterprises of the textile and garment industry chain.

We urge all banking financial institutions to ensure that loans for textile and garment industry continue to increase on the basis of effective prevention of credit risks, especially in the "three cities, seven parks, one center". In principle, the loan growth rate is not less than the average growth rate of all loans, and the increment is no less than that of the same period of last year. We should give green banking channels to the banking financial institutions that are actively completing their goals, such as institutions and businesses.

　　 News background the development of textile industry has great influence on Xinjiang's development and employment.

"Textile and garment industry covers a wide range and has a long industrial chain. The characteristics of labor-intensive industries are very outstanding. Especially in the southern Xinjiang, the textile and garment industry is easy to achieve employment in the near future." Liang Yong, deputy director of the autonomous region, said that the development of the textile industry will have a significant impact on the development and employment of Xinjiang, and promote the transfer of the Eastern Textile Industry to Xinjiang. According to statistics, Xinjiang is currently the largest commercial cotton production base in China. Its total output has accounted for 52% of the total output of the country and has become a major textile region in China. In 2012, the clothing sales in the region were more than 5 million yuan. Clothes & Accessories There are 81 enterprises and 28 million 260 thousand garments. The above scale textile enterprises completed the total industrial output value of 21 billion 500 million yuan. In 2012, the total value of textiles and clothing exported to Xinjiang port amounted to 7 billion 200 million yuan, mainly exported to the Central Asian region, Russia and the European Union.

In recent years, the domestic and foreign textile and garment enterprises invest in Xinjiang, and the newly built and reconstituted cotton production capacity accounts for about 85% of the total capacity within the territory, and the production capacity of chemical fiber reaches more than 90%. Among them, the domestic textile industry listed companies have become the leading force in investment. As of now, there are 11 domestic listed enterprises in Xinjiang's newly built and reconstituted textile and garment enterprises. According to the statistics of China Federation of textile industry, in the first half of this year, China's textile industry invested 391 billion 500 million yuan, an increase of 15%, and the 12 provinces and municipalities in the western region invested 34 billion 400 million yuan, an increase of 23.2%, much higher than the national average level. The shift of textile industry to the West has become a trend of development, which is very beneficial for Xinjiang to undertake eastern industrial transfer. Xinjiang's advantages in developing textile and garment industry are obvious: first, raw materials are abundant; two, Xinjiang has abundant and cheap power resources; three, the West open regional advantages; four, the rich land resources; five, the surplus labor force. On the other hand, despite the fact that Xinjiang is a major cotton producing region in China, the survival of Xinjiang textile enterprises sitting on Xinjiang cotton hill is becoming more and more difficult under the background of domestic and foreign cotton price inversion. According to the statistics from the autonomous region, the price of cotton textile products at home and abroad has been upside down. In the 1-8 months of this year, 105 Textile Enterprises above Designated Size made a loss of 169 million yuan, 56 of the deficit companies, and 53.33% of their losses. At present, Xinjiang textile enterprises can not afford high price Xinjiang cotton, and enterprises want to get cheap imported cotton abroad, and are subject to quota restrictions.