China Securities Regulatory Commission (CSRC) is to amend their IPO
Investigation Procedure in order to deal with the issues of long waiting
time. According to the current procedure, all the IPO applicants need
to wait in line. Those with complete documentations will go into the
next step for further investigation. The new procedure will open a green
lane for those applicants from the West of China, and balance the
investigation schedule of the IPO enterprises for Shanghai and Shenzhen
stock markets.
Proile: Founded in 1991, China National Garment Association (CNGA) is a self-disciplining, nonprofit and nationwide intermediary organization of China’s garment industry. In line with the principle of promoting the development of China’s garment industry, CNGA provides garment-related services for government, industry and society.
Secretariat comprises Administration Department, Membership Department, Industry Department, Information Department, Exhibition Department, Liaison Department and Training & Co-ordinating Department. Additionally there are eight commissions, namely, Men’s Wear, Women’s Wear, Children’s Wear, Downwear and Related Products, Casual Wear, Accessories, Garment Auxiliary Material and Underwear. Other special entities like National Apparel Standardization Technical Committee, Research Institute of Industrial Economy and Beijing Fashion-Expo Co., Ltd. are also set up.
CNGA has over 1400 major members, which cover most of original apparel brands in China. Furthermore well-known apparel cities and townships in China are also appointed as Director Unit and drive the development of industry bases together with CNGA. CNGA’s service has covered thousands of companies.
CNGA takes on boosting the industry as its responsibility and commits itself to industrial structure adjustment and innovative growth pattern. On the basis of incubating, assisting and promoting China’s original apparel brands, CNGA enhances the communication and coordination with upstream and downstream industries, enterprises and governments, accelerates cooperation with international institutes and strives to create a favorable atmosphere for the development of Chinese apparel enterprises.
