Wang Zhentao: The Pformation Of The Mainland Footwear Industry From Industrial Economy To Capital Economy

A new concept of "Wenzhou plate" is in the process of deliberation.

Yesterday, as the largest private shoe manufacturer in the mainland, AOKANG formed a strategic alliance with one of the world's largest strategic management consulting firm, Kearney, to prepare for landing on the Hong Kong stock market.

The reporter was informed that according to the plan of the Wenzhou municipal government, more than 20 enterprises in Wenzhou will be listed inside and outside the country in 2010.

What prompted AOKANG to quicken the pace of listing is a capital drama that is still in progress.

In May 9th of this year, Belle International Holdings Ltd's global offering was listed on May 23rd.

In just 3 months, BELLE's total market capitalization has approached 80 billion yuan, quietly surpassing Gome, becoming the largest mainland retail listed company in Hong Kong stock exchange.

Sufficient capital enabled BELLE to rapidly sweep across the international markets such as Spain and Italy for massive mergers and acquisitions.

For AOKANG chairman Wang Zhentao and the shoe industry concentrated in Wenzhou, this geometric growth of wealth has brought unprecedented shock.

"When the capital market is very hot, the footwear market in the mainland is changing from industrial economy to capital economy, and the further concentration of market share has been expected."

Wang Zhentao said that in this era of pursuit of speed, Wenzhou manufacturing enterprises also began to consider the power of capital.

In fact, after overcoming the mentality of resisting financial pparency and restructuring family businesses, the listing process of Wenzhou enterprises is beginning to accelerate.

In August 16th this year, the Limited by Share Ltd was officially listed and became the first private footwear enterprise in Wenzhou to be listed on the mainland's main board. IPO

Chen Jiyi, director of the listing Office of Wenzhou listed company, said: "listing is not for the purpose of" collecting money ". Many private enterprises gradually realize that the most effective way to gather many resources is capital operation.

According to the introduction, at present, besides AOKANG group, there are many companies such as CHINT group and people electric appliance waiting to appear on the market. From 2009 to 2010, more than 65 enterprises in Wenzhou will enter the guidance channel for listing.