Qiu Liangfa, CEO of Xiamen ITG Group Corp., Ltd.,
！！Financing status and innovative thinking on cotton yarn trades
2018-06-21 15:34:46
Qiu Liangfa, CEO of Xiamen ITG Group Corp., Ltd., presented his report of Financing status and innovative thinking on cotton yarn trades
Firstly, Mr. Qiu introduced three reasons of financing for cotton yarn industry: it is difficult for companies to obtain loans; PBOC limits the growth of money supply, financing cost rises. It is difficult for traders who wants development to expand its size by its own resources. It is hard for a company to trade hundreds of containers of yarns merely with its own capitals.
In the second part, he said of the coexistence between cotton yarn traders and Xiamen IT:
Advantages of Xiamen ITG:
1. Platform: Fortune Global 500, high reputation and credibility, strong capability to fulfill contracts with upstream and downstream companies. 2, Resources: as a large state-owned enterprise with flexible systems, ITG is closely associated with the market and has abundant resources. 3. Deeply rooted in upstream and downstream markets
Advantages of traders:
1. Market advantages: traders are closely connected with the frontier sales market. As the market changes all the time, it is important to be able to seize the chance at the right time. 2. Flexibility of businesses: traders have their own core customers and are able to deliver targeted services based on their demand, thereby bettering customers experience and enhancing loyalty. 3. Capability to expand market: traders often devote to expand end-user customers and thus cultivate good sales outlets by ploughing into the market.
In the third part, he referred that many traders are worried that the number of agents in the International Trade Corporation is now so large that both suppliers and customers have access to them.
At last, he proposed industrial development ideas: in-depth integration of resources, common innovation and new development.
Firstly, Mr. Qiu introduced three reasons of financing for cotton yarn industry: it is difficult for companies to obtain loans; PBOC limits the growth of money supply, financing cost rises. It is difficult for traders who wants development to expand its size by its own resources. It is hard for a company to trade hundreds of containers of yarns merely with its own capitals.
In the second part, he said of the coexistence between cotton yarn traders and Xiamen IT:
Advantages of Xiamen ITG:
1. Platform: Fortune Global 500, high reputation and credibility, strong capability to fulfill contracts with upstream and downstream companies. 2, Resources: as a large state-owned enterprise with flexible systems, ITG is closely associated with the market and has abundant resources. 3. Deeply rooted in upstream and downstream markets
Advantages of traders:
1. Market advantages: traders are closely connected with the frontier sales market. As the market changes all the time, it is important to be able to seize the chance at the right time. 2. Flexibility of businesses: traders have their own core customers and are able to deliver targeted services based on their demand, thereby bettering customers experience and enhancing loyalty. 3. Capability to expand market: traders often devote to expand end-user customers and thus cultivate good sales outlets by ploughing into the market.
In the third part, he referred that many traders are worried that the number of agents in the International Trade Corporation is now so large that both suppliers and customers have access to them.
At last, he proposed industrial development ideas: in-depth integration of resources, common innovation and new development.
Copyright 2018 © Zhejiang Huarui Information Consulting Co., Ltd. All Rights Reserved www.ccfgroup.com