Urumqi Central Branch Of The People'S Bank Of China: Four Measures To Continuously Increase Support For Textile Industry

Since this year, Urumqi Central Branch of the people's Bank of China has insisted on taking financial support for the development of textile industry as the focus of implementation of "six guarantees" and "six stabilities". It has continuously increased work coordination, given full play to the orientation of monetary instruments, increased the inclination of resources in key areas, and made solid efforts to create a good financial environment for the development of textile industry.

Strengthen the overall planning and deployment, further pool the work force

The central Urumqi branch of the people's Bank of China (PBC) insisted on strengthening the institutional guarantee, jointly issued special notices with four departments including finance and industry and information technology, and put forward 10 suggestions and measures focusing on the use of policy tools, playing the role of guarantee, strengthening the docking between banks and enterprises, and improving safeguard measures; Organize and hold the promotion meeting of Xinjiang textile clothing and mask enterprises' credit work, clearly put forward the objectives of increasing the scope of loans, reducing costs and providing excellent services for the textile and garment industry, emphasize the requirements of supervision and supervision, and promote the implementation of textile and clothing policies in Xinjiang; The work plan of financial support for stable enterprises and employment protection in Xinjiang and the special action plan for financial service for small and micro enterprises were issued to make textile industry a priority area and an important starting point, and put forward targeted financial support measures.

Give full play to tool orientation and promote the incremental expansion of credit support

Urumqi Central Branch of the people's Bank of China takes the textile and clothing industry support as an important measurement factor for financial institutions to use refinancing and other monetary instruments, and guides the increase of textile and clothing industry loans, and effectively relieves the pressure of enterprise capital turnover. At the end of July, the loan balance of Xinjiang textile and clothing industry was 26.363 billion yuan, with a year-on-year increase of 17.42%, 17.4 percentage points higher than that of the same period of last year. Among them, the loan balance of textile industry was 22.554 billion yuan, with a year-on-year growth of 29.9%, which was 28.4% higher than that of the same period of last year. As the main textile industry in Xinjiang, the loan for cotton textile and printing and dyeing finishing industry increased by 20.86% year on year; At the end of July, the loan balance of textile and clothing industry in the "three cities" reached 16.496 billion yuan, up 16.55% year-on-year, and the off balance sheet credit increased by 86.67% year-on-year.

Focus on small and micro poverty alleviation and improve the quality and efficiency of financial support

In the face of the reality that small and micro enterprises in the textile industry account for a large proportion, are greatly affected by the epidemic, and are difficult to operate normally, the Urumqi Central Branch of the people's Bank of China (PBC) has guided financial institutions to increase the inclination of resources, promote the rapid growth of loans for textile and garment small and micro enterprises, and the interest rate continues to decline. At the end of July, the balance of textile and garment small and micro enterprises was 3.013 billion yuan, with a year-on-year increase of 14.96%, and the weighted average interest rate of enterprises was lower 28 percentage points.

The Urumqi Central Branch of the people's Bank of China (PBC) took characteristic textiles as the key supporting industries in the four prefectures of Southern Xinjiang, and went to the front line to provide professional financial guidance for enterprises through the establishment of expert groups of financial systems at all levels. At the end of July, the loan balance of textile and clothing industry in the four prefectures in southern Xinjiang reached 9.503 billion yuan, a year-on-year increase of 24.0%.

Strengthening the guidance window of bank enterprise docking

The Urumqi Central Branch of the people's Bank of China organized a survey on the working capital loans of the textile and garment industry under its jurisdiction, further grasped the implementation of financial support policies for textile and clothing, and organized one-to-one point-to-point guidance to guide the profit-making enterprises of banks in view of the high loan interest rate and poor policy implementation of some banks; Continue to strengthen the window guidance, around the textile clothing and mask production enterprises working capital loan discount, "silver textile loan" pilot, financial institutions to assist 80 key textile and clothing enterprises in 22 counties of Southern Xinjiang and other key policy requirements of the autonomous region, urge financial institutions to strengthen bank enterprise docking, optimize financial services, and ensure the timely and effective transmission of preferential policies to enterprises.