Financial Support Lays The Foundation For The Development Of Textile And Garment Enterprises

17, the development of autonomous region financial institutions and autonomous regions

The industry led employment Leading Group Office jointly organized a financial support for the development of textile and garment industry gold enterprises docking conference.

At the meeting, 14 financial institutions signed a financing agreement with 15 textile and garment enterprises respectively, amounting to 10 billion 400 million yuan.

As a matter of fact, since 2014, the textile and garment industry has been promoting employment in China, there have been two gold enterprises docking meetings, with the contract amount reaching 3 billion 200 million yuan and 4 billion 600 million yuan respectively.

However, considering the fact that our textile and garment industry is still in the initial stage of development, its capital size is small, its bank and its cooperation access conditions are high, and financial innovation is lacking.

Financial support is of particular importance to the upgrading and development of the textile and garment industry.

Financial support lays the foundation for enterprise development

At the end of the Golden Enterprise docking conference, the Xinjiang Tianhong foundation Textile Co., Ltd., which was settled in Kuitun in May last year, signed a loan of 150 million yuan with the Bank of China, Xinjiang branch, which made the financial director of Tianhong foundation, Lu Rong, very excited. "The government has built a docking platform for the enterprises and the financial industry, which has taken the" reassurance "for the current development of enterprises and the further expansion of the scale in the future.

Tianhong foundation is a wholly owned subsidiary established by Tianhong textile group. The overall plan is 1 million spindles, with a total investment of about 5 billion yuan. After completion, 200 thousand tons of combed, semi combed, Lycra spandex core spun yarn and other products can be achieved, and 5000 people will be employed.

The project started construction at the end of June last year and was put into operation in December of that year.

"Enterprises can achieve the expected goal of construction and commissioning in those years, and related to the strong support of financial institutions and government."

Lu Yourong said that the Tianhong basic spinning project was short from decision making to construction and commissioning period, and the fund during construction period was extremely tense. The situation was alleviated because the financial institutions gave the company 1 billion 25 million yuan of credit support.

Tianhong foundation is just a microcosm of our financial support for the development of textile and garment industry.

Song Tao, vice president of the Xinjiang branch of Bank of China, said that for the planning requirements of the "three cities, seven gardens and one center" in the autonomous region, Bank of China has listed Akesu, Shihezi and Bayinguoleng Mongolia Autonomous Prefecture as the focus areas for the development of the textile industry.

In addition to the Tianhong foundation, it also gives full support to the main textile enterprises such as Akesu Huafu color spinning Co., Ltd. and Xinjiang East pure Textile Co., Ltd.

By the end of 2015, the Xinjiang branch of Bank of China has carried out business cooperation with 276 textile and garment enterprises within the territory, and approved the total amount of credit for 31 enterprises.

The total input of credit funds was 1 billion 838 million yuan, an increase of 19.04% over the same period.

At the meeting, we also disclosed that in 2015, the banking institutions in our region put in a total of 10 billion yuan in loans for textile and clothing industry for the first time, and the total amount of money was 13 billion 619 million yuan in the whole year.

At the end of last year, the balance of loans for the textile and garment industry was 9 billion 144 million yuan, an increase of 3 billion 789 million yuan compared with the beginning of the year, an increase of 70.75% over the same period last year.

Since the beginning of this year, the loan balance of Xinjiang textile and garment enterprises is 11 billion 279 million yuan, an increase of 2 billion 135 million yuan compared with the beginning of the year, an increase of 5 billion 732 million yuan compared with the same period last year, and the growth rate has reached 103.3%.

There are many operational problems in reality.

"We really feel that since last year, a series of policies promulgated by the state and autonomous regions are genuine gold and silver, which are very beneficial for enterprises to enter Xinjiang and develop."

Liu Xinpu, chairman of Jinghe Hongyu Textile Co., Ltd.

But at the same time, he also said that the original plan of Hongyu textile was built in 300 thousand phases. If there is financial support, enterprises can achieve 600 thousand spindles.

Jie Liya is the leader of the towel industry in China. Its base in Xinjiang is located in Alar City. It started construction in 2011. In September 2015, the annual output of ten thousand tons of towel whole industrial chain production line was officially put into operation in September 2015.

At present, the two phase of the project is being actively promoted. In 2016, it plans to invest 1 billion 474 million yuan to increase the output of towels by 20 thousand tons and build corresponding supporting facilities.

After the project is completed, the annual output value will be more than 3 billion 500 million yuan, and the annual profits tax will be 3 to 500 million yuan.

Faced with such a strong momentum of development, Shi Changjia, chairman of the board of directors of the group, is not easy.

He admitted that under the support of the national policy background, Xinjiang's development of textile and garment industry is facing unprecedented opportunities, but in the actual operation process, the financing difficulty is still the main factor restricting the development of enterprises.

Most textile enterprises still face many difficulties in financing loans, such as small financing channels, high threshold, strict censorship, long process and so on.

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"Taking the Xinjiang project of the clean city, the project started construction in 2011 did not solve the first period of 520 million yuan of equipment loans until the second half of 2014.

The two phase still needs to provide collateral for project assets such as plant buildings, land and so on, plus a full coverage guarantee for headquarters, which also includes unlimited liability for personal life. "

Shi Changjia said that the total amount of financing for the two phase of the project was 1 billion 20 million yuan, and it also faced the problem of insufficient financing Mortgage. It was necessary to assess the trademark "Jie Lai Ya" and use it to mortgage to meet the conditions of financing Mortgage.

Yue Jingliang, chairman of Xinjiang Sheng Da Chang Clothing Co., Ltd., also said that it would slow down its progress and slow down the pace of planning.

It is hoped that through the joint venture between enterprises and enterprises, the financial sector can conduct all-round and multi-level cooperation with enterprises, and formulate diversified policy options for the financing needs of enterprises.

Comprehensive measures to expand financing channels for enterprises

Although textile and garment enterprises are crying out for "blood", the vitality of our textile and garment industry has not been ignored.

Since the second central Xinjiang work forum, the central and autonomous regions have issued a number of preferential policies with high gold content and great intensity, which greatly promoted the development of the textile and garment industry.

Data from the office of the leading group of the development of textile and garment industry in the autonomous region showed that 382 new textile and garment enterprises were set up in Xinjiang last year, 3 million 460 thousand new cotton spinning capacity and 90 million 520 thousand new garments.

The total profit of textile enterprises above Designated Size reached 1 billion 460 million yuan, an increase of 1.6 times compared with the same period last year. The value added tax should be paid 567 million yuan, up nearly 1 times compared with the same period last year.

97 thousand new jobs were created, which initially formed the employment chain of textile and garment industry.

The textile industry has become the highlight of the investment in manufacturing industry in our region. The textile and garment industry has become one of the main channels for the region to absorb employment.

However, this does not mean that we can ignore the difficulty of financing and the high cost of textile and garment enterprises.

The main chain of textile and apparel industry in our region is mainly the primary products mainly of yarn and cloth, which are restricted by the small scale of capital, the high access conditions of the silver bar, the imperfect mechanism of risk compensation, and so on. The service function of credit guarantee has not been fully realized.

How to make up? Increase financial support for the development of textile and garment industry.

According to the meeting, the financial institutions should further develop their ideas, innovate their financial products and services, implement differentiated credit support policies, take measures in a comprehensive way, and expand the financing channels of enterprises on the basis of summing up their previous experience.

The relevant departments of the autonomous region should decompose the tasks of supporting the textile and garment industry one by one, and come up with practical and feasible work plans.

We should press ahead with implementation.

Bai Xueyuan, member of the Xinjiang branch of the Agricultural Bank of China and vice president of the Bank of China, said that innovative financing methods should be adopted to increase direct financing services and effectively reduce the cost of enterprise funds.

We should implement the policy of the bank's aid to Xinjiang, and increase the strength of credit to effectively alleviate the problem of enterprise financing.

We should give full play to the advantages of "urban and rural linkage" to support the development of textile and garment industries in the counties and townships of Southern Xinjiang, and promote the employment of local population in the near future.

At the same time, we have accelerated the loan of textile and garment enterprises that have been approved, providing better support and protection for the development of enterprises.

Li Shaofeng, deputy director of the Finance Office of the autonomous region, said that the next step will be to urge the financial institutions to carry out the implementation of the projects and speed up the funding of the funds with relevant departments, so as to give full play to the role of Finance in supporting the textile and garment industry.