ICBC Xinjiang Branch "Silver Spinning Loan" Is Effective For Textile Enterprises.

"I really appreciate the team of ICBC and Liu Fei manager. Through ICBC's "silver spinning loan" business, our company not only alleviates the cyclical capital gap, but also delivers the order on time, which lays a solid foundation for the long-term development of the company. Speaking of the ICBC Xinjiang branch's "silver spinning loan" business, the head of the Baishan Lake Clothing Co., Ltd., kiriz Liru Kirgiz Autonomous Prefecture, is highly praised.

It is understood that as a strategic industry for the development of the autonomous region, the textile and garment industry plays an increasingly important role in Xinjiang's economic development and poverty alleviation. In recent years, according to the small and micro cluster customers in the textile and garment industry, the Xinjiang branch of ICBC based on the business model of the Bank of China, relying on the credit risk compensation fund of the textile and garment enterprises established by the autonomous region government, has developed an innovative financing service scheme with regional industrial characteristics, namely, the "silver spinning loan" business. It mainly supports seven sectors such as the Xinjiang manufacturing industry and the clothing industry. The enterprises can apply for a loan of 5 million yuan, which effectively provides financing support for the textile and garment enterprises in poor areas.

In order to widen the financing channels for small and micro enterprises in the textile and garment industry, in 2017, we learned that the government of the autonomous region should provide credit for the small and micro enterprises in the textile and garment industry by setting up a credit risk compensation fund for textile and garment enterprises. After the first time, the team of the Ministry of Finance and industry of the Xinjiang branch of ICBC branches and the autonomous region to develop the office of the textile and garment industry to promote the employment leading group. After many discussions and consultations, the "silver spinning loan" business cooperation mode was recognized. ICBC Xinjiang branch, as the first cooperative bank and autonomous region spinning, signed the "silver spinning loan" business cooperation agreement.

After the signing of the agreement, ICBC Xinjiang branch actively took the lead in developing regional market planning and research, and drafted the two level branches market planning plan according to the characteristics of regional economic development, guided the two level branches to promote the development of the "silver spinning loan" business in combination with the actual situation; at the same time, it visited and marketing the key target customers in the region with the two level branches, and launched personalized design according to the characteristics and financing needs of the small and micro cluster customers, inspecting the production and operation, cash flow demand and employment management of the enterprises, and publicizing the operation flow and precautions of the "silver spinning loan" to the enterprises, helping the enterprises to solve the fund problems as soon as possible, and providing the omnidirectional and package financial services for the small and micro enterprises.

By the end of 2017, the Xinjiang branch of ICBC sent a team to a clothing company limited in Akto county. The company mainly produces and processes professional suits and workwear. From the time of its establishment, it began training in large quantities for free training, making technical staff from a farmer and becoming a qualified industrial worker. With the strong support of the state for the southern Xinjiang economy, the clothing company ushered in unprecedented opportunities, but also faced with the problem of working capital gap. After winning a bid for a production project, the company failed to arrive in advance due to the continued receivables. The shortage of raw material procurement funds may affect the delivery time of the target, which will have a significant adverse impact on the production and operation of the enterprise.

After understanding this situation, ICBC Xinjiang branch recommended to the enterprise "silver spinning loan" business product, and assigned special person to report the customer financing business, and quickly provided the customer with 1 million 400 thousand yuan low price credit fund support, alleviating the urgent need of the enterprise, and ensuring that the enterprise delivered the order product on time. Through this business cooperation, the apparel company has established a deep and solid cooperative relationship with ICBC Xinjiang branch. Through continuous financial support from ICBC Xinjiang branch, the clothing company has gradually grown into a model enterprise that promotes the employment of the poor people in the region, and has made outstanding contributions to the local economic development and social stability.

Up to now, the Xinjiang branch of ICBC has promoted the "silver spinning" business of the autonomous region, the "Silver Bear" business of Urumqi branch, and the "silver political link" business of the bole branch, which has achieved remarkable results. The total lending scale has exceeded 100 million yuan, and has brought into full play the advantages of the industrial and commercial bank's operation and brand, and created a new mode of small and medium enterprises in financial services.

ICBC Xinjiang branch "silver spinning loan" guarantees the production and operation of small and micro enterprises in textile and garment industry through convenient and low-cost credit funds, effectively drives the poor people out of poverty, and achieves good economic and social effects. It shows that ICBC has always supported and serves the state owned large banks in the development of local economy.