Research On The Financing Countermeasures For Micro And Small Cotton Purchase Enterprises In Kuche County

Under the new normal,in order to protect the vital interests of high-cost farmers,and to align the purchase price of cotton with the international market from the perspective of a market economy,the country introduced a cotton target purchase price subsidy policy in due course.Xinjiang's unique and rich cotton resources have become the first leg of the reform pilot work.This reform has raised new challenges for the banking industry in Xinjiang.It needs to continue to improve the cotton production and sales operation mechanism,transform business concepts as soon as possible,and further improve credit financing.In terms of other aspects,it will address the impact of the cotton reform on the target purchase price under the new normal.The acquisition of small micro-cotton in the Aksu region is an important part of the local economy.Its role in economic development has become increasingly prominent,mainly in terms of increasing employment opportunities,supporting the development of large enterprises,advancing technological innovation,increasing fiscal revenue,improving economic structure,and promoting Market competition and other aspects.Therefore,the government,banking institutions,and the whole society should support the development of small and micro cotton acquisition companies,and create a good environment for the development of enterprises.The more development of small micro cotton acquisition companies,the stronger the demand for funds,the more the need for continued funding support.One of the major constraints to the development of small-and micro-cotton acquisitions is financing difficulties.China and even local governments have successively introduced a series of reform measures to promote the financing of small and micro cotton acquisition companies,but they have not fundamentally solved the problem of financing difficulties for small and micro cotton acquisition companies.Study and analyze the reasons for the financing difficulties of small and micro cotton acquisition companies,eliminate the factors that restrict the development of small and micro cotton acquisition companies,and promote the rapid development of small and micro cotton acquisition companies.This paper uses literature search,questionnaires and other methods to study the financing countermeasures of the acquisition of Micro and Small Cotton Purchase Enterprises in Kuche County,in order to provide reference for the settlement of financing problems of Kuche Micro and Small Cotton Purchase Enterprises.First of all,this article analyzes the development status of the acquisition of small and micro-cotton in Kuche County from the perspectives of enterprise development and Kuche cotton planting survey.Secondly,through the survey data obtained from the questionnaire,from financing channels,financing costs and financing requirements On the basis of the investigation results,the problems and causes of the financing of acquiring small and micro cotton in Kuche County were put forward;finally,specific countermeasures and suggestions were put forward.Through analysis and demonstration,the following main conclusions have been drawn:(1)In recent years,with the continuous expansion of the cotton planting area of Kuche,the demand for cotton acquisition has been continuously increasing,and the small-and micro-cotton acquisition companies are facing greater financial pressure and financing difficulties.The problem is outstanding.(2)The current financing channels of the Kuche County Small and Micro Cotton Acquisition Corporation are mainly based on bank financing,borrowings from relatives and friends,and internal employee fund raising.The financing costs of Kuche County's small and micro cotton acquisition companies are relatively high.Most companies' Financing demand is low.(3)The acquisition of corporate finance by small micro cotton in Kuche County has problems such as less financing channels,serious bank reluctance to borrow,difficulty in meeting financing requirements,and limited private capital support;non-standard corporate development,evasion of risk by commercial banks,and credit guarantee system The imperfect evaluation criteria and the lack of financing services for Micro and Small Cotton Purchase Enterprises are the main reasons for the difficulty of acquiring financing for small and micro cotton companies in Kuche County.Based on this,this paper puts forward the following suggestions:In the acquisition of small and micro-cotton enterprises,enhance the ability of small-and micro-cotton acquisition companies;Strengthen the construction of small and micro cotton acquisition enterprise information system;Establish the awareness of small and micro cotton acquisition enterprise integrity;Play the small micro cotton acquisition enterprise industry Cluster advantages.In terms of commercial banks,they have innovated credit products,reformed credit management methods,and improved the system of client managers.In terms of government,it improved the credit guarantee system,broadened the financing channels,guided and standardized informal finance,established and improved small and medium-sized financial institutions,and established and improved the credit system.