Recently, the responsible person of the Rural Credit Cooperatives Union and Beijing national cotton trading market group limited discussed the problems to be solved in the financing of the cotton supply chain, information data sharing and business development, and decided to conduct in-depth cooperation between the two sides.

It is reported that since the establishment of a strategic cooperative relationship between the credit cooperatives and the cotton trading market in September 2015, the two sides have carried out close cooperation in lint supervision and warehouse receipt pledge business. The cotton trading market has become an important partner in Xinjiang rural credit cooperatives, cotton industry, trade financing, customer development and risk prevention and control.

The two sides have agreed to continue to consolidate and deepen bilateral strategic partnership and jointly build a service platform for the whole industry chain of cotton, so as to provide customers with more efficient financing services.