Differential Credit Boosts The Development Of Xinjiang'S Textile And Garment Industry

In December 16th, reporters from Xinjiang textile The bank understands that the financial support for the development of the textile and garment industry to promote employment has been promulgated. In increasing credit support for the textile and garment industry in Xinjiang, financial institutions are required to adopt differential credit for Xinjiang's textile and garment industry, give special credit policy support to the fixed assets and liquidity loans, and actively strive for the central bank and the state financial supervision department to give differentiated financial policies to Xinjiang's textile and garment industry, and to expand the credit scale, business access, non-performing loans tolerance, bad loan verification, interest rate standards and other policies of Xinjiang textile and garment industry.

It is worth mentioning that the infrastructure construction of textile and garment industrial park is included in the government financing platform, and the implementation of the "three special permission" policy: in particular, it allows the issuance of pre project loans, especially the issuance of revolving loans, and the special permission to grant project capital in proportion.

Actively utilizing multi-level capital market support Textile and clothing In terms of industry diversification financing, it is necessary to increase the intensity of the training of the listed garment enterprises, raise the relevant preferential policies for listing and listing, actively guide the textile and garment enterprises to use the capital market to implement M & A, promote the resource integration of the high quality enterprises in the textile and garment industry; actively encourage the leading enterprises in the textile and garment industry to raise funds in many ways, vigorously support the enterprises in the textile and garment industry to issue corporate vouchers and corporate coupons, and actively develop the collective bonds, private debt and directional bonds that conform to the characteristics of the textile and garment industry SMEs, and strive to expand the scale of the bond financing so as to meet the financing needs of the textile and garment industry.

In fact, before that, 6 implementation methods of the ten preferential policies for textile and garment industry have been promulgated, which have given real policy support from cotton raw materials, transportation, factory building and loan discount.

According to the Deputy Secretary General of the people's Government of the Autonomous Region Liang Yong After introducing all the 10 preferential policies, it is expected that the cost of Xinjiang's textile and garment industry will be reduced by at least 10% than that of the mainland. At present, the average profit margin of the domestic textile and garment industry is 5.69%. The cost of Xinjiang's textile industry will drop by at least 10%, which will greatly enhance the competitive advantage of Xinjiang's textile and garment industry and reverse the plight of the industry.

Moreover, the development of textile and garment industry in Xinjiang also plays an important role in adjusting the structure. Liang Yong said that at present, the proportion of heavy industry and light industry in Xinjiang is about 9:1. There is a serious imbalance between heavy industry and light industry structure, and there is a big hidden danger. Therefore, there is an urgent need for more support. Among them, financial support is the most important.