Five varieties of cotton and yarn Sept. online transactions

July 18, Bo Industrial Development Corporation and the China Textile Planning Institute, China Textile Industry Association signed a strategic cooperation agreement in Beijing, jointly organized and implemented cotton yarn electronic trading platform operation projects in Zhejiang Xinhua commodities trading center. Cotton yarn transactions will be formally launched on September 29.

As early as the end of 2013, in connection with Xinhua Zhejiang Bo Industrial commodities trading center in Hangzhou signed a “cotton yarn varieties strategic cooperation agreement,” the new 华大宗 the cotton yarn varieties of products research, design, development and operation license to the blog Industry. To make the design and operation of cotton yarn varieties closer to the development needs of the industry, the Industrial Development Corporation Bo then teamed China Textile Planning Institute, China Textile Industry Association, organization and implementation of tripartite Zhejiang Xinhua cotton commodity trading center, yarn electronic trading operations. After months of extensive investigations, in-depth research and careful preparation, has been basically completed varieties of cotton yarn trading settlement system, warehouse management practices, such as the formulation of the basic rules, formally launched on September 29 cotton yarn variety transaction. The first includes cotton, cotton carded 32 knitting yarn, cotton yarn woven carded 32, 40 combed cotton knitting yarn, combed cotton yarn woven 40 five varieties.

Cotton yarn varieties in the new on-line transaction 华大宗 is to implement Commission policy on the establishment of a multi-level commodity markets, support enterprise development entities, an important measure to promote the transformation and upgrading of the textile industry, and has been guiding China Textile Industry Association president Wang Tiankai and support. Implementation of this project will greatly expand the breadth and depth of cotton, yarn and other textile spot market and related financial market development, promotion and help textile companies to make good use of financial tools to improve international competitiveness, and enhancing our cotton, yarn and other textiles pricing and the right to speak in the international market.

By then, with cotton yarn on-line transactions, they will simultaneously launch new Huazhong Bo Big Market B2B electronic spot trading platform for the textile area. In addition to providing online platform for commodity trading, consulting, corporate publicity and other basic services, industry experts will also be relying on resources, for the majority of enterprises to provide development planning, technical cooperation, production and management consulting, financial services such as full service. With the development of business, they will be based on market demand, timely adjust and improve trading products for the textile industry to provide risk hedging, commodity procurement and investment instruments, to promote the stable development of the textile industry.

The Industrial Development Corporation and Botswana, China Textile Planning Institute, China Textile Industry Association and Zhejiang Xinhua commodities trading center to achieve cross-border, cross-regional integration of resources, to play their respective advantages in resources, the demand around the real economy, promoting services to support , is an industrial market and the business market combine beneficial practices.

President of China Textile Industry Association Wang Tiankai attended the signing ceremony, Xu Ying, vice president of China Textile Union, SAC Secretary Niju Hua Textile authority service, the general manager of Zhejiang Xinhua commodities trading center Yanghong Sen, China Textile Planning Institute president Li Jin Cai, China textile Industry Association president and general manager of North Na Zhu Bo Zheng Zhijian Industrial Development Corporation will wait.