recently The opening of the textile raw materials trading center of Nantong comprehensive bonded area marks the first comprehensive commodity spot electronic trading platform that integrates information flow, logistics, business flow and capital flow into the comprehensive bonded area of our city.

The textile raw materials trading center of the comprehensive guarantee area is jointly invested by Jiangsu Golden Grape Textile Technology Co., Ltd., Jiangsu Jiangsu International Trade Co., Ltd., Dahua Investment Co., Ltd., Nantong Comprehensive Bonded Zone Logistics Center Limited and Shanghai East Cui International Trade Co., Ltd., with a registered capital of 100 million yuan.

The trading center is based on the advantages of our city's textile industry foundation and imported cotton yarn consumption market. Combined with its own professional advantages, with the help of the policy of comprehensive insurance area and storage facilities, through the online trading system and policy guidance, the trading center will attract large importers, foreign suppliers, retail traders and purchasing enterprises to enter the central business, and strive to become a spot trading center for Jiangsu and the Yangtze River Delta region. Through the introduction of financial support, the third party quality inspection and the third party logistics delivery, the trading center reduces the intermediate links, thereby reducing the operating costs of enterprises.

It is reported that the first stage of the trading center will be imported cotton yarn from India, Pakistan and Vietnam. It can supply 20 thousand tons of cotton yarn per month, providing great cost advantages and spot convenience for the yarn Companies in our city. The annual turnover is expected to reach 5 billion yuan. The two stage will develop grey cloth trading and the annual turnover will exceed 10 billion yuan.

The input and operation of the trading center will play a positive role in further enhancing the competitiveness of the textile industry in our city.