Nantong Established Stock Industry Association

In June 22nd, the general assembly of Nantong stock industry association was held in Nantong, Jiangsu. Nantong Stock Industry Association is Jiangsu's first stock industry association. It is a non-profit social organization voluntarily organized by Nantong's inventory trading operators. It was founded by 5 enterprises, namely, Limited by Share Ltd, Haimen Jinniu home Square, Nantong Chuang Huang Technology Co., Ltd., Jiangsu Miao Si Le Textile Technology Co., Ltd. and Nantong Chaoyang sporting goods Co., Ltd., covering 5 industries: home textiles, household products, daily necessities, clothing and fitness equipment, and the first batch to absorb more than 150 member units.

Nantong is a world-famous home town of textile products. The annual turnover of the international city of Jieshi bridge is over 100 billion yuan, with hundreds of people engaged in inventory sales. These cheap and good stock products are favored by many consumers, with annual sales amounting to several hundred million yuan. However, due to some special reasons, the development of stock industry in Nantong is basically in a state of spontaneous growth. In order to promote Nantong's inventory industry to better adapt to the operation of the market economy and move towards scale and organization, Nantong Stock Industry Association came into being.

Wu Huaikun, executive executive vice president of Nantong Stock Industry Association, said that due to the lack of unified coordination and supervision, various types of substandard products are coming to the terminal market in the form of inventory. It is urgent to set up an industrial organization to form a strong team with a single unorganized individual, strengthen self-discipline, form a joint force, and take the road of common development and growth. Next, the association will vigorously promote the integrity of the industry, standardize business practices, and strive to build on a fair and orderly basis, through mutual learning and communication among members, learn from each other's weaknesses, and jointly safeguard fair competition in the market development environment.

Zhu Xiaohong, vice president of China Household Textile Industry Association and Deputy Secretary General of Nantong Municipal People's government, Jiang Caimao highly affirmed the establishment of the association. Zhu Xiaohong said: "today, the market environment is complex and changeable, which brings more uncertainties to the real economy. This requires enterprises to strengthen internal management and practice internal strength. Home textiles are terminal consumer goods. It is very important to do well in inventory information, networking and integrated management, and inventory control. The inventory industry association should actively guide the upstream enterprises to control reasonable inventory, raise inventory turnover rate, establish effective supply and demand balance, and provide advice for the healthy development of the industry.

Jiang Caimao pointed out that the inventory industry is an important part of the industrial economy and an important bridge linking production and market. For a long time, the stock industry is not highly valued, and its development is relatively slow. At present, China is deepening the structural reform of supply side, which is a great opportunity for the development of the inventory industry. "We hope that the stock trading association will build a Nantong stock trading system at a high starting point, improve relevant basic data, build a diversified trading platform, help the manufacturing industry to develop quality, and help Nantong enterprises to speed up the digestion of spot products and improve the turnover efficiency of inventory." Jiang Caimao said.