Tongzhou Cotton wins the Zhengzhou Commodity Exchange's "Demonstration Industrial Base" title


Tongzhou Cotton wins the Zhengzhou Commodity Exchange's "Demonstration Industrial Base" title
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  • Tongzhou Cotton wins the Zhengzhou Commodity Exchange's "Demonstration Industrial Base" title
Recently, the Zhengzhou Commodity Exchange announced the 2024 "Demonstration Industry Base" list. Yong'an Futures, as a co-builder, assisted Henan Tongzhou Cotton Industry Co., Ltd. (hereinafter referred to as Tongzhou Cotton) in obtaining the honor of "Demonstration Industry Base." Tongzhou Cotton, as the vice chairman unit of the China Cotton Association, the vice chairman unit of the China Cotton Textile Industry Association, and the chairman unit of the Raw Material Industry Chain Branch of the China Cotton Textile Industry Association, is one of the first batch of cotton industry bases of the Zhengzhou Commodity Exchange. This honor is not only a high recognition of Tongzhou Cotton's significant achievements in the application and promotion of cotton futures and options and other derivative instruments over the years, but also an affirmation of Yong'an Futures' long-term close cooperation with Tongzhou Cotton and their joint efforts in promoting the high-quality development of futures services for the real economy.
As a co-builder of the industry base, Yong'an Futures, guided by its "derivative investment banking" strategy, has upgraded its "Yongdong Qihang 2.0" industrial service brand, aiming to provide full-life-cycle risk management services for real enterprises. The in-depth cooperation with Tongzhou Cotton is a vivid practice of Yong'an Futures joining hands with "chain-leading" enterprises to deepen industrial services and help enterprises move forward steadily. Over the past four years, Yong'an Futures has not only established a solid foundation for cooperation with Tongzhou Cotton in the combination of futures and spot transactions and physical delivery, but also, with the support of the Zhengzhou Commodity Exchange, held a series of themed activities under the title of "Stabilizing Enterprises, Securing Farmers, and Protecting the Real Economy," promoting the application of futures and derivatives to every link in the cotton industry chain. In 2024, the two sides held several training activities, benefiting nearly 200 enterprises and covering more than 300 people, effectively improving the risk management awareness and capabilities of enterprises in the industry chain. Yong'an Futures continues to enrich its "futures +" toolbox and has provided accurate and efficient risk management services to more than 14,000 real enterprises to date.
In the future, Yong'an Futures will actively respond to the call of the exchange, work side-by-side with its clients, continue to cultivate and empower leading enterprises, jointly create and build "industry bases," and continuously improve its industrial service system under the guidance of the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Futures Market," strengthening its responsibilities, taking the initiative, and better playing the role of the futures market in helping the real economy improve quality and efficiency.
 

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 exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.


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.


President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference


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.