The Textile Industry Entered The Beijing Stock Exchange, Opening A New Chapter Of Industrial And Financial Cooperation!

In order to deepen the integration and interaction between the textile industry and the capital market, and promote the rapid development of innovative small and medium-sized enterprises, on September 19, the special exchange and docking activity of textile industry entering the Beijing Stock Exchange, jointly organized by the Consumer Products Industry Department of the Ministry of Industry and Information Technology, the China Textile Industry Federation, the People's Government of Xicheng District of Beijing, and the Beijing Stock Exchange, was held in Beijing.

Activity site, Tian Zhongyuan, Director of the Agency Service Bureau of the Ministry of Industry and Information Technology, Zheng Yan, Deputy Director of the Consumer Goods Industry Department, Chen Weikang, Deputy Secretary of the Party Committee of the China Textile Industry Federation, Bing Hao, Deputy District Chief of the Party Leadership Group of the Xicheng District People's Government of Beijing, Zhang Mei, Deputy General Manager of the Beijing Stock Exchange, Huang Lei, Director of the Market Development Department, Fang Na, General Manager of China Textile Asset Management Co., Ltd., and Ou Peng, Assistant General Manager Relevant leaders of Xicheng District Economic Promotion Bureau, Investment Promotion Center, West Chang'an Street Sub district Office of Beijing, as well as leaders of 35 innovative enterprises in the textile industry, news media, etc. participated in the event.

At the beginning of the activity, the participants watched the propaganda film carefully produced by Beijing Stock Exchange, and comprehensively understood the glorious history, market operation status and grand development blueprint of Beijing Stock Exchange since its establishment. Then, under the guidance of the staff, the guests visited the trading hall of the Beijing Stock Exchange, experienced the pulsation of the capital market, took a group photo in front of the bronze bell, which symbolized the prosperity of the market, and recorded this important moment.

　　 Zhang Mei, Deputy General Manager of Beijing Stock Exchange The speech emphasized that the establishment of Beijing Stock Exchange opened up a broader financing channel for SMEs, especially textile enterprises, and provided more flexible financing tools. She introduced in detail many measures and remarkable achievements of Beijing Communications Exchange in supporting the innovative development of small and medium-sized enterprises, encouraged textile enterprises to actively embrace the capital market, and realized leapfrog development by virtue of the platform of Beijing Communications Exchange.

　　 Zheng Yan, Deputy Director of the Consumer Products Industry Department of the Ministry of Industry and Information Technology He said that the textile industry is a traditional competitive industry and an important livelihood industry in China, which is in a critical period of transformation and upgrading. It has both the objective need to strengthen industrial and financial cooperation and the internal advantages of carrying out industrial and financial cooperation. At present, the industry shows a broad prospect of strong enterprise vitality, high economic contribution, sufficient development flexibility, enhanced innovation ability and "everything can be woven". In order to support textile enterprises to become stronger and larger, the Consumer Goods Industry Division will focus on strategic planning, safety, quality, environmental protection, industrial innovation, and build a high-quality development system. At the same time, we will strengthen the central and local collaborative innovation, promote the deep integration of industry, university and research, and enhance the brand's international influence by relying on Beijing resources. In addition, by deepening the cooperation between industry and finance, we will continue to strengthen strategic cooperation with financial institutions such as the Beijing Stock Exchange, create a good external environment for qualified high-tech textile enterprises to go public for financing and issue bonds for financing, and help the high-quality development of the textile industry. It is hoped that this exchange and docking will promote the deep integration of the industrial chain and the capital chain, bring new opportunities for enterprise development, and inject new impetus into the transformation and upgrading of the industry.

For the national textile entrepreneurs gathering at the Beijing Stock Exchange, Bing Hao, member of the Party Leadership Group and Deputy District Chief of Xicheng District People's Government of Beijing Municipality Express a warm welcome. While affirming that the textile industry is an important part of the manufacturing industry and a pillar of foreign trade, Bing Hao stressed the importance of Beijing Stock Exchange in promoting the agglomeration of financial resources into the textile industry. Afterwards, Bing Hao introduced the unique advantages and investment environment of Xicheng District as a new financial technology zone, and invited textile enterprises to invest and start business in Xicheng District to share development opportunities.

　　 Chen Weikang, Deputy Secretary of the Party Committee of China Textile Industry Federation He said that the textile industry is a pillar industry for national economic and social development, a basic industry for solving people's livelihood and beautifying life, and an advantageous industry for international cooperation and integrated development. It promotes high-quality development around the transformation of "technology, fashion, and green". At present, SMEs in the industry still face problems such as limited financing channels, high access threshold, and insufficient financial technology empowerment. Under the guidance of the Ministry of Industry and Information Technology, the China Textile Industry Federation actively built an industry finance cooperation platform, accelerated the promotion of enterprise listing, mergers and acquisitions, and multi-channel financing, and achieved some results. By 2024, 113 enterprises are proposed to be listed; 73 enterprises to be listed are recommended; 12 enterprises were successfully listed. The establishment of Beijing Stock Exchange provides a new financing platform for small and medium-sized enterprises. The in-depth cooperation between textile enterprises and Beijing Stock Exchange is not only conducive to the development of enterprises themselves, but also of great significance to the transformation and upgrading of the entire industry and the improvement of international competitiveness.

Then, Yang Lu, Assistant Director and Executive Manager of Market Development Department of Beijing Stock Exchange With the theme of "building a high-quality platform of Beijing Stock Exchange and enabling enterprises to make innovation leap", a special training for textile enterprises to be listed was carried out. The training closely focused on the four core areas - basic overview, market system highlights, current operation perspective and future strategic planning, and carried out a comprehensive and in-depth exposition.

Yang Lu deeply explored the institutional framework tailored by Beijing Stock Exchange for innovative small and medium-sized enterprises, and carefully analyzed the fine design of the entrance end, such as listing threshold setting and issuance and underwriting process, to the comprehensive support system on the market end, such as continuous financing mechanism, mergers and acquisitions strategy, transaction system optimization, investor protection and daily supervision, and then to cover the transition path Export side comprehensive consideration such as delisting norms and dividend tax policies. Its explanation is both professional and authoritative, and accurately touches on many key issues that the enterprise is most concerned about.

In addition, he also deeply analyzed the successful listing cases in the textile industry of Beijing Stock Exchange, carefully commented on the core concerns in the audit process, and provided valuable practical experience and forward-looking guidance for the participating enterprises.

It emphasized that the Beijing Stock Exchange is opening up a broader growth path for SMEs through multi-dimensional measures such as strengthening regulatory effectiveness, strict risk management, improving the quality of listed companies and optimizing the investor structure. After more than two years of steady development, Beijing Stock Exchange has not only achieved good results in market reform and innovation, maintained a stable overall operation, but also made solid steps in building a core position for service-oriented innovative SMEs, with remarkable results. In the future, Beijing Stock Exchange will thoroughly implement the spirit of the Central Financial Working Conference, adhere to the principles of marketization and rule of law, coordinate development and safety, and strive to significantly improve the quality of market operation, market service function, brand influence and internal management efficiency.

At last, representatives of participating enterprises had warm interactions with relevant experts from Beijing Stock Exchange, Ministry of Industry and Information Technology and China Textile Federation on issues of concern, and the atmosphere was warm and active.

This docking exchange activity not only deepened the textile enterprises' understanding of the Beijing Stock Exchange, but also stimulated enterprises' strong desire to use the capital market to achieve leapfrog development. With the deepening of industry finance docking, the cooperation between the textile industry and the capital market will become closer, jointly promoting the textile industry to move towards high-end, intelligent and green direction, and contributing to the high-quality development of China's economy.

(Source: China Textile)