China Textile And Garment Industry Investment And Financing Conference Was Successfully Held In Keqiao, Shaoxing

As the lifeblood of modern economy, finance bears the important functions of financing, resource allocation, structural adjustment, etc. It is an important resource to promote high-quality development of the textile and clothing industry and build a modern textile industry system. On December 5, the 2024 China Textile and Clothing Industry Investment and Financing Conference was held in Keqiao, Shaoxing, with the theme of "Rongxin Cohesion Investment Creating the Future". The conference aims to build an industry finance cooperation platform, promote the cooperation among industry, finance and government, promote the improvement of enterprise capital operation ability, cultivate new quality productivity, and accelerate the realization of high-end, intelligent and green industrial development. The event was hosted by the China Textile Industry Federation, and co organized by the China Textile Industry Enterprise Management Association and China Textile Asset Management Co., Ltd.

　　 He Yaqiong, Director of the Consumer Products Industry Department of the Ministry of Industry and Information Technology, Xia Lingmin, Secretary General of the China Textile Industry Federation and President of the China Textile Industry Enterprise Management Association, Duan Xiaoping, Vice President of the China Textile Industry Federation, Wu Tong, Deputy Director of the Textile Division of the Consumer Products Industry Department of the Ministry of Industry and Information Technology, and Li Yongwei, Chief Engineer of the Department of Economy and Information Technology of Zhejiang Province, Yang Jinchun, Executive Vice President of China Textile Industry Enterprise Management Association and Director of the Work Office of China Textile Industry Federation Industrial Park, Zhu Guoxue, Office Director of China Textile Industry Federation, Vice President and Secretary General of China Textile Enterprise Association, Li Zhenjie, Director of Finance Department of China Textile Industry Federation, Xu Jianhua, President of China Textile Industry Federation Circulation Branch and Vice President of China Textile Enterprise Association, Vice President of China Textile Enterprise Association, President of China Textile Photography Association Lin Ping, chairman of Dali Silk (Zhejiang) Co., Ltd., Yang Jun, consultant of China Textile Enterprise Association, Zhao Xiangdong, consultant of China Textile Asset Management Co., Ltd., Zheng Junlin, vice chairman of China Chemical Fiber Industry Association, Zhao Jing, deputy director of Zhejiang Provincial Department of Economy and Information Technology, Shen Qinmei, deputy director of Keqiao District People's Government of Shaoxing City, Yan Wei, director of the Bureau of Economy and Information Technology, and other relevant leaders attended the investment and financing conference.

　　 Wang Ying, Assistant Director of Market Development Department of Beijing Stock Exchange, Gu Weida, Secretary of the Party Committee and Chairman of Beijing Fashion Holding Co., Ltd., Zhao Qiyu, Deputy Chief Representative of East China Base of Beijing Stock Exchange, Chen Guochao, Vice President of Changjiang Securities Underwriting and Recommendation Co., Ltd., Li Weikun, General Manager of Sinochem Capital Innovation Investment Co., Ltd, Luo Huiyuan, the managing partner of Beijing Hairun Tianrui Law Firm and a member of the original CSRC listed company merger and reorganization review committee, Ma Tianyu, the partner of Yuqin Capital, Shen Zhipeng, the vice president of private equity of CITIC Capital Holdings Co., Ltd., Zhao Wenjian, the senior product manager of green finance of Industrial Bank, and Mei Zhen, the director and vice president of Hengshen Holding Group Co., Ltd, Xu Yiming, Chairman of Suzhou Baolidi Material Technology Co., Ltd., Wang Wei, Director, Deputy General Manager and Secretary of the Board of Directors of Shenzhen Golis Clothing Co., Ltd., Guo Zixian, Chairman of Jiangsu Shenhe Technology Development Co., Ltd., and Jin Yong, Chairman of Beijing Ruijie Technology Co., Ltd More than 120 representatives of key enterprises participated in the exchange. Experts, scholars and entrepreneurs from textile and clothing, finance, law and other fields carried out in-depth exchanges on topics such as strengthening industrial and financial cooperation, and financial empowerment to promote high-quality development of the textile industry.

　　 He Yaqiong, Director of the Consumer Products Industry Department of the Ministry of Industry and Information Technology In his speech, he pointed out that China's textile industry is in the critical period of transformation and upgrading, and some links of the industrial chain are accelerating the transformation from labor-intensive to capital and technology intensive, which not only has the objective requirements of strengthening industrial and financial cooperation, but also has the unique advantages of carrying out industrial and financial cooperation. Promote industrial and financial cooperation in the textile industry in the next step, He Yaqiong Three suggestions are put forward:

　　 First, explore new models and paths, and further promote industrial and financial cooperation. The textile industry should, according to its own development stage and current development tasks, further improve its comprehensive competitiveness through "digital to intelligent to online", and strengthen communication and docking with financial institutions. At present, the Ministry of Industry and Information Technology is preparing the Implementation Plan for Digital Transformation of Textile Industry to promote high-end, intelligent and green development of the industry through digital transformation and stabilize international competitive advantage. At the same time, we will continue to strengthen top-level planning, study and prepare the "15th Five Year Plan" for the development of modern textile industry, and accelerate the construction of a modern industrial system compatible with the development of new quality productivity. Actively explore the financial support path suitable for the modern industrial system to provide strong financial support for the construction of modern industrial system.

　　 The second is to adapt to the demand of industrial scientific and technological innovation and constantly enrich financial supply. Scientific and technological innovation can give birth to new industries, new models and new driving forces, and is the core element of developing new quality productivity. The textile industry should take scientific and technological innovation as a guide, increase investment in research and development, promote the application of new materials, new technologies and new processes, improve product added value and enhance brand influence. The Ministry of Industry and Information Technology and cooperative financial institutions launched special new loans, loans for transformation of scientific and technological achievements, industrial digital lending and other characteristic financial products, as well as a variety of financial combination models such as "pilot insurance+R&D loans". By establishing and improving the carbon accounting and green financial standard system, improving the information sharing mechanism for green industrial development, strengthening the construction of industrial and financial cooperation platforms and other measures, We will guide financial resources to converge in green and low-carbon industries, and launch more financial products to meet the specific financing needs of enterprises.

　　 Third, we will continue to strengthen cooperation and linkage, and deepen the transformation of traditional financial empowerment industries. At present, the textile industry is facing greater resource allocation constraints and factor cost pressure, while ushering in a new round of scientific and technological revolution and industrial transformation opportunities. The urgency of industrial optimization and upgrading is becoming increasingly prominent. To achieve transformation and upgrading, the industry must be deeply integrated with finance. Strengthen strategic cooperation with financial institutions such as stock exchanges, and encourage qualified high-tech textile enterprises to go public for financing and issue bonds for financing. Continue to support industry leading enterprises to actively control and integrate the raw materials, brands, R&D and market channel resources of the global fiber fashion industry through equity mergers and acquisitions, asset acquisitions and other ways.

　　 Xia Lingmin, Secretary General of China Textile Federation In his speech, he said that the Third Plenary Session of the 20th Central Committee of the Communist Party of China proposed "deepening the reform of the financial system", and for the first time proposed "improving the functions of the capital market in which investment and financing are coordinated", reflecting the new expectations and new requirements of the central government for the positioning, functions and roles of the capital market under the new situation, and bringing major opportunities for industrial development. All industrial cluster regions and enterprises should grasp the key points of the development of financial innovation enabled industries, actively tap their own advantages and characteristics, accelerate the promotion of deep links between industry, university, research and application, and efficient integration of industry, investment and finance, and gather more high-quality resources to constantly enhance the certainty of their own development to hedge the uncertainty of the external environment.

　　 First, focus on scientific and technological innovation, and enhance the certainty of development with "expertise and novelty". The implementation of new measures such as "nine national policies", "sixteen scientific and technological innovation policies" and "eight scientific and technological innovation boards" has provided great support for the innovative development of technology-based enterprises. We should make full use of the huge driving force of the capital market and financial market, accelerate the deep integration of scientific and technological innovation and industrial innovation, seize the trend of the increasingly perfect "specialized" SME financing service system, and properly use financial instruments to achieve rapid growth.

　　 Second, focus on regional synergy and enhance the certainty of development with complementary advantages. There are differences in resource endowments and industrial bases among different regions in China. All industrial cluster regions and enterprises should make full use of local financial support policies and measures for characteristic industries, and take the differentiated development path according to local conditions. At the same time, we should strengthen cooperation among regions, seize the opportunities of the rise of the central region in the new era and build a unified national market, promote the orderly flow and efficient allocation of industrial resources among regions, and accelerate the formation of a pattern of complementary advantages and coordinated development.

　　 Third, gather digital empowerment, and consolidate the certainty of development with "smart transformation". As emerging digital technologies such as big data and artificial intelligence are gradually applied to research, development, design, production management, logistics and sales, all parts of the country continue to increase financial policy support, accelerate the upgrading of equipment and technological transformation in the industrial field, we should seize the opportunity to further deepen the innovative application of intelligent manufacturing and industrial Internet, and pilot enterprises play a role in "intelligent transformation and digital transformation" To attract more small and medium-sized enterprises to participate in and benefit early, thereby promoting the digital transformation of the whole industry.

　　 Fourth, focus on ESG construction and tamp the certainty of development with green and low-carbon. Grasp the rapid development trend of green finance and accelerate the cultivation and development of green projects such as environmental protection, energy conservation and clean energy. On the one hand, we will accelerate the promotion and application of green technology innovation and advanced green technology in key areas such as printing and dyeing, and promote the innovation of green design, green raw materials and green products in the whole chain. On the other hand, we will strengthen ESG information disclosure, use diversified financial instruments to promote value realization and sustainable growth, and demonstrate the responsibility of textile and clothing enterprises in the new era.

　　 Xia Lingmin It was said that the China Textile Federation fully launched industrial and financial cooperation in 2017, formed a relatively complete working mechanism, and systematically provided services for enterprises with listing needs. From 2018 to 2024, 113 enterprises are proposed to be listed; 73 enterprises to be listed are recommended; 21 enterprises were successfully listed. In recent years, the China Textile Enterprise Association, China Textile Assets and China Textile Planning Research Association and other units have made great efforts to improve the service capacity of industrial and financial cooperation, jointly promote the docking between government, banks and enterprises, strengthen the recommendation and cultivation of key enterprises to be listed in the textile industry, deepen the work of expertise, refinement and novelty in the textile industry, and actively build a direct dialogue and exchange platform between high-quality enterprises and financial institutions, We will help enterprises and institutions with investment and financing needs connect accurately and go in both directions.

　　 Shen Qinmei, Deputy District Chief of Keqiao District People's Government of Shaoxing City It was mentioned in the speech that Keqiao, as one of the important bases of China's textile and clothing industry, has laid a solid foundation in the development of many years, and achieved the magnificent transformation from "water cloth street" to "international textile capital". At the same time of rapid development, Keqiao textile and clothing industry is also facing the urgent requirement of upgrading. The convening of this conference is of great and far-reaching significance.

First, Keqiao textile and clothing industry is at the key node of transformation and upgrading. In many key areas such as scientific and technological innovation, brand building, green development, etc., capital investment and efficient resource integration are urgently needed. This conference has carefully built a high-quality investment and financing docking platform to build a communication bridge between textile and clothing enterprises and capital, help projects with good development potential to find strong financial support, and also facilitate investors to accurately tap high-quality projects in the textile and clothing field to achieve the deep integration of capital and industry, Work together to create greater economic value and social benefits.

Second, it is also an important opportunity for Keqiao to further enhance its industrial influence and strengthen foreign exchange and cooperation. All friends from afar gathered here, bringing us diverse ideas, cutting-edge technology and rich resources. Through the integration of ideas and experience, it is bound to inject strong new momentum into Keqiao's textile and clothing industry, broaden our development vision, and help us better understand the development trend of the industry, And then win a more active position in the global industrial competition pattern.

The deep integration of the textile industry and the capital market not only brings new opportunities for the development of enterprises, but also injects new impetus into the transformation and upgrading of the industry. It is important for enterprises and industries to grasp the hot trend of investment and financing in the industry and understand the important role of the capital market. Duan Xiaoping, Vice President of China Textile Federation In the keynote speech entitled "Opportunities in the Fiber Industry - Textile Industry" 3+1 ", the development history of fiber was introduced, and the scientific and technological development achievements of the textile industry were introduced from functional fiber, high-performance fiber, intelligent manufacturing and intelligent wear, key equipment and technology, modern coal chemical industry, green printing and dyeing, etc, Focusing on the support of the local brands of the industry by Guochao Guofeng, this paper interprets the efforts and breakthroughs made by the textile industry in the fashion direction, introduces the green development achievements of the textile industry from the perspectives of recycling, bio based fiber, green printing and dyeing, and demonstrates the development of the industry in the health field from the aspects of industrial safety and medical health.

At present, China is the country with the broadest coverage of high-performance fiber varieties in the world, but the industrial development is still in the growth cycle. In the field of conventional chemical fiber, China has turned from parallel to leader, and in the field of high-performance fiber, China has moved from following to parallel, especially carbon fiber. China has maintained a high-speed growth trend in the fields of sports, leisure and wind power blades.

　　 Wang Ying, Assistant Director of Market Development Department of Beijing Stock Exchange Sharing around the "high-quality construction of Beijing Stock Exchange helps enterprises to innovate and develop", Beijing Stock Exchange strives to build an exchange with mature investors as the main body, complete basic system, rich variety system, full play of service functions, transparent and efficient market supervision, brand attraction and market influence. As an important part of the capital market, Beijing Stock Exchange provides an important financing platform for many innovative SMEs, and also brings more opportunities to the textile industry.

During the keynote speech, Li Weikun, General Manager of Sinochem Capital Innovation Investment Co., Ltd The sharing of state-owned capital investment strategies and key points has important guiding significance for enterprises in seeking state-owned capital cooperation and expanding development space.

　　 Chen Guochao, Vice President of Changjiang Securities Underwriting&Recommendation Co., Ltd It shared the form of enterprise capital operation, explained the IPO review situation and changes in detail, the new deal for mergers and acquisitions, analyzed the M&A concerns and typical cases, and put forward targeted suggestions.

Industrial Bank is an early domestic bank to set foot in sustainable financial business, and has achieved multi point development in science and technology finance, green finance, digital finance, etc, Zhao Wenjian, Senior Product Manager of Green Finance of Industrial Bank The speech was titled Green Finance Helps the Sustainable Development of the Textile Industry, and introduced financial products and services suitable for the textile industry.

The first batch of listed enterprises on the GEM and representatives of successfully cultivated listed enterprises by China Textile Federation—— Xu Yiming, Chairman of Suzhou Baolidi Material Technology Co., Ltd We shared "experience of enterprise listing and market value management". Listing is an important strategic choice, which can improve financing, brand, governance structure and talent echelon, but the process is complex and arduous. It is suggested that enterprises should comprehensively consider the operating performance and costs in the next five years, and choose and path according to their own conditions and policy guidance.

As a representative enterprise in developing new quality productivity in the textile industry, Guo Zixian, Chairman of Jiangsu Shenhe Technology Development Co., Ltd A special sharing entitled "Ultra High Molecular Weight Polyethylene Fiber Helps China's Chemical Fiber High Quality Development" was made. The primary task for the development of UHMWPE fiber production technology and equipment in the future is to significantly reduce the production cost and meet the broader market demand. High performance fiber, as the frontier field of the textile industry, is the key to improving China's competitiveness in the global textile industry. It plays an important role in breaking the monopoly of foreign high-end fiber technology and promoting China from a big chemical fiber country to a strong chemical fiber country.

　　 Jin Yong, Chairman of Beijing Ruijie Technology Co., Ltd In the keynote speech entitled "AI Helps New Quality Development of Garment Manufacturing", the improvement of production efficiency of the company's four major products was introduced, which is conducive to the reduction of management costs. AI technology has a great impact on the traditional garment manufacturing industry, and also contributes to a new development quality.

In the high-end interview segment, the dialogue host Yang Jinchun, Executive Vice President of China Textile Enterprise Association And Mei Zhen, Director and Vice President of Hengshen Holding Group Co., Ltd., Wang Wei, Director, Deputy General Manager and Secretary of the Board of Directors of Shenzhen Golis Clothing Co., Ltd., Chen Guochao, Vice President of Changjiang Securities Underwriting&Recommendation Co., Ltd., Luo Huiyuan, Managing Partner of Beijing Hairun Tianrui Law Firm and member of the original CSRC listed company merger and reorganization review committee, Ma Tianyu, partner of Yuqin Capital With the theme of "opportunities and challenges of M&A and going to sea in the textile and clothing industry", combined with the professional background of the interlocutors, and focusing on the experience of successful M&A and investment in textile and clothing enterprises, the operation management after M&A, the risks that should be paid attention to in the process of M&A and going to sea, and the criteria for investment banks to select the target, we will give advice and suggestions for M&A and going to sea of textile and clothing enterprises from different perspectives.

Textile and clothing is a mature industry, which has faced many problems and challenges in recent years. However, as a rigid demand industry, it has a large market space and is a prerequisite for investment. At present, it needs to be deeply integrated with AI and other emerging technologies and new models to break new growth curves. At the same time, new applications, new scenes and new breakthroughs are constantly generated in interdisciplinary and new material fields.

This meeting was held by Fang Na, General Manager of China Textile Asset Management Co., Ltd host.

(Source: China Textile Enterprise Association)