The listing of cotton yarn futures is conducive to promoting the healthy and stable development of the textile industry

According to news on August 18, today cotton yarn futures was officially listed on the Zhengzhou Commodity Exchange. Gao Yong, secretary of the party group of the China National Textile and Apparel Council, attended and delivered a speech. He said that the listing of cotton yarn futures is a major event for the textile industry, and it is also a good thing. The listing of cotton yarn futures is conducive to promoting the healthy and stable development of the textile industry.　　 The following is the full text of the speech: 　　 Gao Yong: Dear Chairman Fang, Governor Dai, ladies and gentlemen, good morning!　　 Today is the listing of my country's cotton futures. First of all, please allow me to express warm congratulations to the Zhengzhou Commodity Exchange on behalf of the China National Textile and Apparel Council!　　The listing of cotton yarn futures is a major event for the textile industry, and it is also a good thing. The listing of cotton yarn futures is conducive to promoting the healthy and stable development of the textile industry. The first is to provide efficient hedging tools to help the textile industry reduce management risks and realize the smooth operation of the entire industry; the second is to provide authoritative price benchmarks to provide an effective reference for the adjustment of the textile industry's production capacity and product structure, and help the textile industry to achieve three goals. The third is to increase the degree of openness of the textile industry and attract foreign funds to pay attention to the cotton spinning industry. The Textile Industry Federation maintains close cooperation with the Zhengzhou Commodity Exchange, and improves the scientificity of cotton futures contracts and rule design through joint demonstration meetings and other forms. After the cotton yarn futures are listed, the China National Textile and Apparel Council will continue to cooperate with the Zhengzhou Commodity Exchange. Jointly do a good job in the coordinated development of the futures and spot markets: first, jointly organize training activities to increase awareness and guide companies to face up to the futures tools; second, do research work to discover existing problems in a timely manner to ensure the smooth operation of the two markets; third, The federation explores potential varieties, studies the listed filaments, raw silk and other varieties, and establishes and completes the series of all-textile fiber futures. Ladies and gentlemen, it has been five years before and after the listing of cotton yarn futures, and many difficulties have been overcome during the period. I believe that yarn futures is the beginning and a new starting point for the mature and stable development of the textile industry. I wish the textile industry and textile futures a bright future. Prospects and future. Article Keywords: 　Cotton Yarn Futures Listed Gao Yong