The gigantic trading marketplace in the China Light and Textile Industries City is composed of the West Marketplace, Qianqing Textile Raw Material Marketplace, North zone six, north zone seven, north zone eight, Jingpin marketplace, Tianhui City and Garment Marketplace, Household Electric Appliance Market, Textile Machinery Marketplace, Foodstuff Marketplace. Of these marketplaces, the north zones 6, 7, 8, Jingpin marketplace, and Tianhui Marketplace are for fabric transactions. The rest of the marketplaces sell raw materials, textile machinery and light industry products.

Approved by Shaoxing County People’s Government, the gigantic marketplace is a joint venture invested by Shaoxing County Foodstuff Company, Zhejiang Foodstuff and Oil Storage & Transportation Company, Shaoxing County Real Estate Development Company and Shaoxing Rainbow Industries Company. The project started in April 1993 and came into operation in September 1994. The total investment for marketplace construction was more than 100 million yuan.

The third floor in the west zone was for retails as well as an experimental marketplace where laid-off workers from Shaoxing County try their hands at business. Since the inception of the experimental business zone for laid-off workers, it has been a success. In July 2000, an open business steering committee was organized to supervise the management work of the marketplace. The committee was headed by the company CEO and the Union commissioners as well as ordinary employees.

Qianqing Textile Raw Materials Marketplace

The largest market of its kind in China, Qianqing Textile Raw Materials Marketplace was founded in 1993 and is a key regional marketplace in Zhejiang Province. The business volume at the market amounted to 11.315 billion yuan. It is now the largest marketplace in China where raw materials for textile industry change hands. It is the third largest market of any kinds in China.

Eider Down Market in Qixian Town

Eider Down Marketplace of China Light & Textile Industries City is a trading place sponsored by Qixian Town. The market is located north of Jiahui Bridge of Shaoxing Highway, Qixian Township. In August 1998, the town’s property management company for collectively owned companies collaborated with 10 investors and pooled 12.5 million and founded the eider down marketplace. This marketplace was opened to business by the end of that year. The marketplace can be visited at www.down-market.com, which is operated by Qianxian business and trade website. The marketplace radiates to most provinces and municipalities across the country. At present, over 40 companies and manufacturers are stationed in the marketplace. More service facilities will be added to the marketplace and more efforts will be made to open up more business channels so as to turn the marketplace into a center of industrial goods and consumer goods where manufacturers and traders meet and trade.

Garment Marketplace by Zhejiang Jinggong Group

The Garment Marketplace of the China Light & Textile Industries City, invested by Zhejiang Jinggong Group, started business on October 18 1995. The whole project was composed of three phases. The first phase was the garment market place, and the second phase is a marketplace for shoes and leather products. The third phase is to build a commodity city called Huaneng Marketplace. By the end of 2000, the Zhejiang Jinggong Group had invested over 90 million yuan into the garment marketplace.

The major product lines of the marketplace are garments, shoes, woolen sweaters, garments for children, and household daily necessities. The sales revenue in 2000 amounted to 135 million yuan. At present, the marketplace is the largest marketplace with the most complete variety of products in Shaoxing region.

A management committee composed of people from the developer, the government industrial and commercial administration and the government taxation bureau supervises the daily operations of the marketplace. As a result of the inspection of the Zhejiang Administration of Industry and Commerce, the marketplace was awarded the title of a two-star model business marketplace and the shoes and leather marketplace was rated as the three-star model business marketplace in June 1999.

Non-staple Foodstuff Marketplace

The Non-staple Foodstuff Marketplace of the China Textile Marketplace was located in Yuji Road, Keqiao and was founded in 1997 with the total investment of 15 million yuan. The marketplace has 430 sales stalls where over 130 traders do their business by selling cigarettes, wine, foodstuff and edible oils, and roasted seeds and nuts. In 2000, the sale revenue amounted to 100 million yuan.

The marketplace has a complete range of management mechanisms and a complete range of service facilities. A management committee headed by general manager operates the market. The government branch bureau of industry and commerce stationed at the China Light & Textile Industries City Marketplace supervises the daily business operations of the non-staple foodstuff marketplace. Traders at the market all have signed duty agreements with the branch bureau and under the agreement they are not to sell sham products. The branch bureau provides traders with training courses so as to give them proper education and make sure their business transactions are all standardized and regularized.