Cotton futures market is helpful to promote the healthy and stable development of textile industry - Textile information - Textile net - Textile integrated service provider

On August 18, cotton futures today officially listed in nan Yang, party secretary of China federation of textile industry Gao Yong attended and delivered a speech. Cotton futures market, he said, was a great event for the textile industry, also is a good thing, cotton futures market is helpful to promote the healthy and stable development of textile industry. The full text to speech: Gao Yong: respect of party chairman, put the governor, ladies and gentlemen, good morning! Today is cotton futures market in China, first of all, please allow me, on behalf of China textile industry association of zhengzhou Commodity Exchange expressed warm congratulations! Cotton futures market is a great event for the textile industry, also is a good thing, cotton futures market is helpful to promote the healthy and stable development of textile industry. One is to provide effective hedging tool, to help textile industry to reduce the management risk, realize the smooth running of the whole industry; The second is to provide authoritative benchmark price, for the textile industry production capacity and product structure adjustment to provide effective reference and help the textile industry three to fill a drop, three is to improve the textile industry open degree, attract outside the industry capital focus on cotton spinning industry. Textile industry association to maintain close cooperation with the zhengzhou Commodity Exchange, and through mutual discussion meeting held, raise the scientific nature of the cotton futures contracts and rules of design, cotton futures market after China's textile industry association will continue to work with nan Yang to work together, common to do a good job of the coordinated development of futures, spot market: one is the common training activities, improve the cognitive, guide enterprises to face to know futures tools, 2 it is to do research work, discover the existing problems, and ensure smooth running two markets; Three is a federation of excavate potential of varieties, listed on the filament yarn, raw silk and other varieties, establishing and perfecting the whole textile fiber futures varieties series. Ladies and gentlemen, before and after the cotton futures market has experienced five years, while also overcame many difficulties, believe that is a start, yarn futures is more mature and stable development of textile industry a new starting point, I wish the textile industry and textile futures have good prospects and the future.