A symposium on "The Zhi Gong Party Visits Tongzhou Cotton Bulk Commodity Trading Development" was successfully held at our company.
On July 5th, Jiang Xiaoyun, Vice Chairman of the Guangxi Provincial Committee of the Zhi Gong Party, Chairman of the Nanning Municipal Committee, and Vice Chairman of the Nanning Municipal Committee of the Chinese People's Political Consultative Conference, and Cai Genxi, Vice Chairman of the Henan Provincial Committee of the Zhi Gong Party and Chairman of the Luoyang Branch Committee, led a delegation to visit Tongzhou Cotton for research and guidance. Huang Hongyu, President of our company, met with them cordially and presided over a symposium on "The Zhi Gong Party Visits Tongzhou Cotton Bulk Commodity Trading Development"; Li Tao, Vice President of our company, Zhu Yaoqin, President Assistant and General Manager of the Finance Department, and Zhang Zhiyan, Director of the General Office, participated in the symposium.
President Huang first introduced to the visiting guests the basic situation of Tongzhou Cotton's development history, business segments, and business models; He focused on sharing the ins and outs of the company's formation of four development strategies: "specialization, industrialization, internationalization, and financialization", vividly summarizing the company's framework system and risk control experience in participating in and using futures and options tools; Subsequently, participants conducted in-depth exchanges and discussions on topics such as bulk commodity trading venues, operating concepts, development trends, storage and transportation configuration, financial services, cotton reserve policies, quota systems, and garment enterprise orders.
Bulk commodities are strategic resources or important material foundations related to national interests and people's livelihood. General Secretary Xi Jinping pointed out: "We must enhance the capacity for reserve and adjustment of bulk commodities, and better play the role of strategic reserves in stabilizing the market", and "The industrial chain and supply chain cannot be broken at critical moments; this is an important characteristic that a large national economy must possess." In the next step, Tongzhou Cotton will continue to focus on its main cotton business, fully exert the exemplary demonstration effect of "combining futures and spot trading", continuously consolidate the construction of China's cotton industry chain and supply chain system, and contribute "Tongzhou strength" to the high-quality development of China's cotton textile industry!
Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.
Tongzhou Cotton Market Brief, Week 1 of March 2025
1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.
In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.
On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.