The listing of cotton yarn provides guidance for the structural adjustment of the cotton textile industry

According to news on August 18, cotton yarn futures was officially listed on the Zhengzhou Commodity Exchange today. Dai Bohua, deputy governor of the Henan Provincial Government, attended and delivered a speech. He said that the listing of cotton yarn futures will provide a new tool for enterprises in the cotton textile industry chain, including Henan enterprises, to manage risks, provide new guidelines for the adjustment of the cotton textile industry structure, and provide a new path to serve the reform of cotton target prices. Further enhance the role of Zhengzhou Merchants in serving the real economy.　　The following is the full text of the speech: 　　Dai Bohua: Dear Vice Chairman Fang Xinghai, ladies and gentlemen, good morning!　　 Today, cotton yarn futures are officially listed and traded on the Zhengzhou Commodity Exchange. This is a major event in the development of the futures market. On behalf of the People's Government of Henan Province, I would like to extend my warm congratulations to the listing and trading of cotton yarn futures! I would like to express my heartfelt thanks to the China Securities Regulatory Commission and China National Textile and Apparel Council, which have been caring about and supporting Henan's economic development for a long time! Henan is located in the Central Plains, with superior transportation, complete infrastructure, sound industrial system, rich human resources, and broad market prospects. It is an important economic province, a new industrial province, a modern agricultural province and an influential cultural province in the country. In recent years, the whole province has conscientiously implemented the important instructions of General Secretary Jin Ping’s investigation and guidance of Henan’s work, exerted its strengths, played four cards, carried out in-depth five major battles, and maintained steady progress in the province’s economy. Development trend. In the first half of the year, GDP exceeded 2 trillion for the first time, an increase of 8.2, the tertiary industry increased by 10%, and its contribution to economic growth exceeded 50% for the first time. The high-tech growth industry grew by 17%. Finance is the blood of the real economy, and the futures market is An important component of the department. For many years, Henan Province has focused on relying on the dominant position of the Zhengzhou Commodity Exchange to give full play to the function of the capital market to serve the real economy. Currently, the 16 futures varieties and sugar options listed on the Zhengzhou Commodity Exchange, including wheat and thermal coal, cover agriculture, The five important sectors of the national economy, including energy, chemicals, building materials and metallurgy, have become a comprehensive derivatives trading center with important influence at home and abroad. Henan is a major consumer of cotton yarn production. The output of cotton yarn ranks second in the country, and the consumption volume ranks sixth in the entire region. The listing of cotton yarn futures will provide a new tool for the management of risks related to the cotton textile industry chain, including enterprises in Henan. The structural adjustment of the cotton textile industry will provide new guidance and a new path for the reform of the target price of serving cotton. At the same time, it will further enhance the role of Zhengshang in serving the real economy.　　 The Henan Provincial Government will continue to fully cooperate with the China Securities Regulatory Commission, support and encourage ZCE to innovate and develop, effectively prevent and control risks in the futures market, promote the smooth operation of the futures market, and promote the ability to serve the real economy to a new level.　　 Finally, I wish the listing of cotton yarn futures a complete success, thank you all! Article Keywords: 　Cotton Yarn Futures Listed Dai Bohua