Clothing Capital Market: Seize The Bonus Of Financial Reform

The development of garment brand enterprises is indispensable.

The boost of integration helps enterprises to grow stronger and stronger.

On the other hand, IPO is still the main channel for domestic venture capital and equity investment to exit. The promotion of IPO, the implementation of registration system and the construction of multi-level capital market will impel more capital into the garment industry. On the basis of this, a mature and international industrial fund will be spawned, and the merger and acquisition will be better carried out.

At the same time, entering the capital market has also promoted the clothing enterprises that are mainly private enterprises and "dharms" to improve the corporate governance structure, and attract better retention and attracting talents through equity incentive.

And enterprise credit level, so as to better compete against the surging domestic middle class consumer market and the reshaping of the global apparel industry chain.

A news conference was held to announce a 4 month suspension of the IPO restart, after which 28 companies suspended will be reissued according to the existing system.

The SFC will also issue policies and measures to further reform and improve the IPO system.

In response to the huge impact of the huge amount of new funds on the money market, the SFC will cancel the current pre payment system for the subscription of new shares, and make the payment after the fixed quantity is allocated.

After the new IPO system is issued, the public offering of 20 million shares of the small cap stocks will be cancelled, and the issuers and underwriters will negotiate the pricing and issue them directly to the online investors.

The capital market in 2015 changed rapidly.

Despite the ups and downs, the reopening of IPO and the new system of IPO issuance indicate that the pace of reform of China's capital market has never stopped.

The "13th Five-Year plan" proposed that we should actively foster a pparent and healthy capital market, push forward the reform of stock and bond issuance and trading system, raise the proportion of direct financing and reduce the leverage ratio.

This is the general direction of capital market reform. From this point of view, it is logical for IPO to restart, and the registration system will not be far away.

For the garment industry facing the opportunities and challenges of big domestic market and international big market, the opportunity brought by capital market reform will be a booster for garment enterprises to "regenerate" and seize market opportunities.

From the perspective of the new IPO system, the public offering of 20 million shares of small cap stocks will cancel the inquiry link, reduce the issue cost of SMEs, and alleviate the financing difficulties of SMEs.

This will enhance the confidence of the small and medium-sized enterprises in the clothing industry and help them enter the capital market more quickly.

From a larger perspective, combined with the experience of international fashion brand development, fashion and capital are inextricably linked, and big fashion must have large capital.