Integration of Industry and Finance in Textile Industry

1. Deepening the integration of industry with finance is the objective requirement of the characteristics and development stage of the textile industry.

The textile industry is one of the industrial sectors with the most potential to become a global space power, one of the industrial sectors with the highest degree of openness and internationalization in China, and one of the industrial sectors with the highest degree of marketization in China. After 40 years of reform and opening up, China's textile industry has grown from small to large and from large to strong, forming the largest and most complete industrial system in the world. At present, Ruyi group has acquired Lycra of the US, and Highsun has become the world's largest caprolactam production group after acquiring Fubon. Recently, Anta has announced to acquire Amer, parent group of Arc Teryx. It shows that industrial enterprises actively carry out global industrial chain layout through greenfield investment, capital operation and other ways. To realize cross-border allocation of resources and international production capacity cooperation, the strength of the financial market is needed.

In addition, as the forerunner of economic system reform, since 2004, private enterprises have become the main body of listed textile and clothing companies. On the one hand, textile and garment enterprises have played an important role in stabilizing growth, expanding employment, increasing tax revenue and strengthening vitality. On the other hand, with the acceleration of industrial upgrading, the industrial concentration presents uptrend. The merger and reorganization makes the textile enterprises have an urgent demand for capital.

2. Deepening integration of industry with finance is a realistic choice for the textile industry to adapt to changes and seize opportunities.

At present, under the influence of internal and external factors, the downward pressure on the economy is increasing. However, the basic situation of healthy and stable economic development in China has not changed, and the overall strong momentum of steady growth has not changed. Changes in a stable trend is a significant feature of the current external environment. The increasing complexity of environment is mainly reflected in uncertainty, asymmetry and instability. In the complex economic environment, it is urgent to deal with the uncertainty, deepen the integration of industry with finance, and improve the application ability and risk management ability of financial instruments. To gain competitive advantage in an asymmetric world, it is needed to resort to the strength of the financial market. Enterprises also need the support of capital to resolve instability, improve adaptability and enhance their flexibility and vitality.

3. Deepening integration of industry with finance is an important driving force to promote the high-quality development of the industry and implement the new positioning of the industry. Technology, fashion and green are the new labels and new positioning of China's textile industry in the new era. To achieve the high-quality development of the industry, it is needed to implement the following three points. First, focus on quality, efficiency and cost so as to create innovation driven science and technology industry. Second, build a fashion industry led by culture with masters, big brands and great events as the starting point. Third, build a responsibility oriented green industry with the contents of people-oriented responsibility, environmental responsibility and market responsibility.

Finance is the blood of the real economy, and the high-quality development of the industry is inseparable from capital support. China National Textile And Apparel Council, as a platform for representing industrial interests, innovative service platform for transformation and development, and professional support platform for government decision-making, has carried out a large number of promotion work of integration of industry with finance.