Yuxiang Poplar Company recently signed a strategic cooperation agreement with Bank of China's Aksu Branch, marking a new chapter of in-depth collaboration between the two parties based on long-term mutual trust. Representatives from both sides, including Zhou Jishuang, Deputy General Manager and Party Committee Member of Yuxiang Poplar Company, and Chen Hong, Deputy Head of Bank of China Aksu Branch, attended the signing ceremony.
As a state-controlled enterprise transformed from a private company, Yuxiang Poplar is undergoing a critical phase of operational restructuring. "In the past, we relied on credit sales to maintain customer relationships in fertilizer distribution. However, after becoming a state-owned listed company, the requirements for standardized and strict accounts receivable management have significantly increased," Zhou Jishuang stated during the ceremony. He emphasized that while adhering to compliance, the company must ensure business continuity, making "bank-enterprise collaboration" the optimal solution. By identifying high-quality clients to form a "whitelist" for bank referrals, Bank of China will provide tailored financial support, alleviating financial pressure on farmers and other clients while mitigating operational risks—a win-win for all stakeholders.
"We have witnessed Yuxiang Poplar's evolution from a private firm to a regional industry leader. This partnership represents an upgraded collaboration built on existing trust," said Deputy Head Chen Hong, expressing confidence in the cooperation. She added that Bank of China Aksu Branch will use the company’s recommended whitelist as a key reference, designing customized credit solutions based on clients' asset status and collateral conditions. While strictly complying with regulations, the bank aims to maximize financing support for high-quality players in the industrial chain, injecting financial vitality into sector growth.
In 2025, Yuxiang Poplar has actively pursued bank-enterprise partnerships. Following the successful launch of the "Chain Kunlun" project with Kunlun Bank in May, the company has now secured a comprehensive strategic agreement with Bank of China by December—a swift and effective series of moves. These initiatives not only strengthen the financial foundation for the company’s high-quality development but also provide robust support for farmers in addressing agricultural funding challenges.
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