2020-2021, Textile Industry Focuses On Cultivating Listed Companies.

According to the three year action plan of textile industry integration, the China Federation of textile industry has explored the overall situation of the industry and set up relevant databases through two years' exploration. Every year, the government's departments and units such as the national development and Reform Commission, the Ministry of industry, the securities and Futures Commission, the exchange and other government departments and units are pushing the list of the enterprises to be listed in the textile industry. Agencies and intermediaries are working closely together to accelerate the establishment of a platform for industrial and financial cooperation.

Recently, the China Textile Federation held the 2020-2021 annual textile industry to focus on cultivating the appraisal committee of listed companies. Members of the expert group participating in the jury include: Xia Lingmin, Xiaoping, vice president of China Textile Federation, Deputy Secretary General of China Textile Association, Yang Jun, executive vice president of China Textile Industry Management Association, Zhu Chao, director of Finance Department of China Textile Federation, Yu Yi Zheng, executive vice president of China Textile Planning Research Association, Wang Xingkui, partner of Shanghai Kai Shi Yi Zheng Asset Management Co., Ltd.

It is understood that in February 14th this year, the China Securities Regulatory Commission issued the decision to amend the management measures for the issuance of securities issued by listed companies, the decision to amend the Interim Measures for the management of securities issuance of listed companies on GEM, and the decision to amend the detailed rules for the implementation of the non-public offering of listed companies. According to the spirit of the document, the China Federation of textile industry, in conjunction with the relevant departments of the Ministry of industry and commerce, has taken measures to broaden the financing channels, vigorously promote industrial and financial cooperation, promote steady growth of the industry, create a strong manufacturing power, and the related arrangements for the three year plan of integration of the textile industry. The market has the advantages of financing needs of enterprises have been investigated and solicited. By the end of May, a total of 32 enterprises had applied.

Since 2018, China Textile Alliance has launched the textile industry's focus on cultivating listed companies, and nearly 100 enterprises have applied for it. So far, 5 companies have been listed on the recommendation list, and another 9 companies have already reviewed it.

According to the introduction, this year's assessment is divided into three stages. First, according to the requirements of the SFC for listed companies, the rigid index is graded according to the market sector, and then the professional score is made by professional associations of China Spinning Association. Finally, the members of the expert group are graded. After the review and summary, a recommended list is submitted to the relevant ministries and agencies of the national development and Reform Commission, the Ministry of industry and commerce, the China Securities Regulatory Commission, the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Xiaoping stressed at the meeting that despite the impact of the epidemic, the textile industry cooperation in finance and industry has not stopped. The assessment added professional association scoring links, reflecting the professionalism of the assessment. He hopes that through the efforts of all of us, we can let the enterprises with real potential to develop to the capital market.

According to introducing, the appraisal enterprise involves cotton spinning, chemical fiber, textile machinery, printing and dyeing, clothing, industrial use, circulation, knitting, hemp spinning and other professional fields, and the final recommendation results will be announced in July. Cotton spinning enterprises that have declared or have the intention to go public can be actively concerned.