The Wealth Empire Crossing the Hong Kong

Chapter 462 Textile Industry Association
For Xiangjiang this year is not just a cold winter for the property market and shipping, because the economies of major western countries are weak, and Xiangjiang clothing companies mainly focus on the OEM of well-known clothing brands in the United States and Western Europe, which also makes the performance of Xiangjiang textile industry gradually trend towards trough.

At nine o'clock in the morning on May 5, Xiangjiang Textile Industry Association held a meeting of all members. In addition to the members of the association, Kesos, Li Jianhui, Huo Yingdong and Li Qungang attended the meeting as special guests.

Relying on the support of the Xinjian Department and the Xinyang Clothing Group with a market value of more than two billion Hong Kong dollars as the backing, Li Jianyang was successfully elected as the chairman of the association at this conference.

Although Liu Qiulin, president of Hongyu Apparel Group, whose market value has exceeded [-] billion Hong Kong dollars, did not run for the chairman of the association, he was also elected as the vice chairman of the association.

After Li Jianyang and other members of the association and Kesos spoke, Li Jianhui said: "Although the development of Xiangjiang textile industry has encountered some difficulties at present, I believe that with the joint efforts of everyone, we will be able to overcome difficulties, and the future development of Xiangjiang textile industry will also be will get better and better.

Because I don't know much about the textile industry, as an outsider, I would like to share some of my views on the current situation.

Since the [-]s, our Xiangjiang garment enterprises have mainly produced well-known European and American clothing brands. Our upstream textile enterprises also mainly provide raw materials for these garment enterprises in Xiangjiang. This also makes our Xiangjiang textile enterprises themselves not With pricing power, only small profits can be made.

In my opinion, such a model cannot be developed for a long time, especially for our entire textile industry in Hong Kong. Once the European and American markets suppress and restrict our textile industry in Hong Kong, our entire industry will inevitably be hit hard.

I hope that garment enterprises with certain strength can create their own clothing brands, not just be a foundry.

Only when we have our own brand can we have the pricing power and be able to control the initiative. Our entire industry will not be controlled by others, and we can create greater value. Xinyang Clothing and Hongyu Clothing are examples. "

The bosses of these garment companies present are naturally envious of the development of Xinyang Clothing and Hongyu Clothing. Even though these garment companies have developed for decades, they are really inferior to Xinyang Clothing in terms of market value.

Looking at Hongyu Clothing, which ranks first in the clothing sector of the Hong Kong stock market and has a total market value of 127 billion Hong Kong dollars, they simply cannot come up with such an idea.

Not to mention the European and American markets, relying on the influence of ABA and PFLA in East Asia and Southeast Asia, Hongyu Clothing has become a leader in sportswear and sportswear in Japan, South Korea, Baodao, Xiangjiang, and ASEAN markets.

At present, it is not the product market that restricts the market value of Hongyu Apparel Group, but the output of Hongyu Apparel Group itself and the general environment of the Xiangjiang stock market. With the continuous improvement of its production scale and the improvement of the Xiangjiang stock market environment, its market value will inevitably increase. The magnitude soared.

It’s just that these bosses are jealous, but they will not be impulsive. The reason why Xinyang Clothing and Hongyu Clothing can succeed is because of the support and promotion of the entire Xinjian Department, especially Jiayi Group, which can promote the two major clothing groups. It is said that it spares no effort, and at the same time it has the support of the retail department store giant Lane Crawford.

Garment companies like them don't have these advantages. Even though the association behind them also owns a film and television media group, its influence is far from comparable to that of Jiayi, and the sales end does not have the support of retail giants.

The bosses of these garment companies who are accustomed to the OEM production mode have lost the will to build their own brands.

Huo Yingdong may also be aware of the thoughts of these people, and said in his speech: "Currently the main problem for our textile enterprises is the weak economy in Europe and the United States, and it is difficult for OEM prices to rise.

In Hong Kong, our economy has developed rapidly in the past few years, and labor costs have also continued to soar, which also makes it more and more difficult for our industry to maintain in Hong Kong.

At this time, if we want the company to continue to develop, we need to reduce production costs. In this regard, whether it is Hongyu, Xinyang Group, or Lixin Garment and other enterprises, they can provide experience for everyone.

With the economic development of Hong Kong, it is no longer suitable for the development of this low value-added labor-intensive industry, especially in the planning of Sham Shui Po, which will become a new commercial shopping center in Hong Kong. "

Those present also understood what Huo Yingdong meant, but the current situation was unclear, and the production plants of those enterprises still hadn't been relocated.

As for the experience of Hongyu, Xinyang, Lixin and other companies, it is not worth learning from them. To put it bluntly, even if the industries of these companies are lost there, there will be no impact on these companies. Too much loss.

If their property is lost, basically all their wealth will be lost. They are not willing to take that risk if it is not necessary.

Therefore, even though the real estate development here in Sham Shui Po is booming, there are still many textile enterprises that have not relocated.

And the part that has not been relocated is also the most stubborn part. There is no plan to let the company enter Pengcheng, nor does it choose to follow in the footsteps of Hongyu Clothing Group to enter Johor Bahru, and I don’t know if they are waiting for September. The meeting of the leaders of the two countries.

As the current president of Lane Crawford, the world's largest retail department store, Li Qungang also spoke at the meeting.

"We at Lane Crawford have a clothing sales area. As a company in Xiangjiang, we have always hoped that the economic development of Xiangjiang will get better and better, and we will provide assistance within our capacity for the economic development of Xiangjiang. win.

Since I can't stay in Xiangjiang for a long time during this period, if there is a Xiangjiang garment company that needs to cooperate with us at Lane Crawford, you can communicate with Mr. Ren Jiayang, the executive vice president of our group. "

At the end of the meeting, Li Jianyang expressed his gratitude to the guests who came, and also hoped that all members of the association can strengthen cooperation and promote the common development of everyone's industry.

As for whether these people are willing to establish their own brands, Li Jianyang doesn't care too much about it. After all, he is just the president of the association, not the nanny of these people. The development of these members' industries has nothing to do with him.

If he hadn't considered running for the chairman this time to expand his influence and the influence of the Xinjian Department in the textile industry, he would not have come to serve as the chairman.

This time, the Xinjian Department has given these companies an opportunity. If these companies can't seize it, then there is no value in being wooed.

After the meeting, Li Jianhui was planning to go home directly, but he received an invitation from Huo Yingdong, so he could only call home to inform him that he would not go back at noon.

At the same time, Li Jianyang and Wang Shanbin also received Huo Yingdong's invitation. The two came to Li Jianhui to exchange a few words, and then got into Li Jianhui's car and headed towards Xianghua Hotel.

(End of this chapter)