Xinhaiqian woolen cloth trading square is a woolen cloth trading market opened in February, 1998. Located at No.418 Jiangyan East Road, Guangzhou (west of Haiyin Bridge), it is in the position where the north-south traffic runs through. There are more than a dozen lines in the city for trams and buses to stop or pass by, and the land and water transportation has unique conditions.

Yin Xinhai Wool Square covers an area of more than 4,000 square meters and has more than 200 booths. It deals in pure wool, semi-wool, blended wool, all kinds of worsted, light textile, woolen cloth and so on. At the same time, we also operate various clothing accessories, buttons, bedding, curtain cloth and so on. More than 40 domestic textile manufacturers have set up direct sales outlets in the market, dealing in high, medium and low-grade fabrics and wool.

There are a number of booths specializing in customizing various suits, cheongsam and fashion. The daily passenger flow exceeds 500 people, and the market has a special parking lot, which is managed by full-time security guards to facilitate customers to get on and off.