Brief Introduction to China Cocoon and Silk Exchange

China Cocoon& Silk Exchange

Established on July 18, 1993, China Cocoon& Silk Exchange (CCSE) is a nonprofit, self-regulating and membership legal entity.
The transaction methods of CCSE are divided into two kinds, spot transaction and electronic contract transaction.
Spot transaction adopts the following form: Companies rent business offices in CCSE and set up operating organizations, which are to be enrolled and registered in Jiaxing Industrial and Commercial Administrative Bureau and enjoy the treatment of common taxpayers. Transactions are concluded by negotiation. The said transaction carries out the principle of majoring in cocoon and silk with multi-management.
Electronic contract transaction carries out membership system. Members may act as agents of other companies. The said transaction adopts BtoB mode and executes margin system. Deliverable commodities should be inspected by notarization. Rules and regulations are issued to ensure trading in the principle of publicity, fairness, equity and credibility. Trading Dept., Delivery Dept., Clearing Co., Arbitration Dept., and other departments are set correspondingly. Through the modern electronic trading system, 143 member firms with more than 2,000 clients trade cocoon, raw silk and fabric at CCSE.
From its operation in 1994, the trading scale enlarges day by day. The annual trading volume has reached more than RMB￥20 billion. CCSE ranks No.1 among same international markets. Tens of thousands of tons of cocoon and silk are traded through CCSE, accounting for 45% of China's market. Now CCSE has become the price and information center of cocoon and silk industry, which has a direct or indirect influence on the price of domestic and even international silk market. CSSE is now approaching the subject of global trade. In the near future, silk dealers all over the world can trade rapidly through CCSE.