The People's Bank of China indicated that, in accordance with the Decision of the State Council on the Implementation of the Unified Registration of Movable Assets and Rights Guarantees, the unified registration and publicity system for movable asset financing of the People's Bank of China's credit center undertakes the unified registration of seven categories of movable assets and rights guarantees nationwide, including the pledge of certificates of deposit, warehouse receipts, bills of lading, and so on. At present, commercial banks can query warehouse receipt pledge information through the registration system. Subsequently, if the warehousing management platform is completed and put on line, the registration and publicity system can provide interface services to support the connection with the warehousing management platform, and commercial banks can view the corresponding warehouse receipt pledge information in the registration and publicity system through the warehousing management platform.

The China Securities Regulatory Commission will also support the futures exchange to strengthen the docking with the warehousing management platform to help enterprises better utilize the warehouse receipts to realize the development of financing.

In addition, for the proposal to strengthen the futures market on the development of warehousing business support role, the CSRC said that it supports the futures exchanges to continue to increase the supply of varieties, and constantly improve the futures market varieties system, and deepen the ability of the futures market to serve the real economy. At the same time, guiding futures exchanges to continuously optimize the delivery mechanism, according to market development needs, dynamic adjustment of futures storage fees, through the reduction or waiver of delivery charges, the addition of futures inspection-free delivery brand to reduce the cost of corporate delivery, to help the entity enterprise risk management.

As a next step, CSRC will work with relevant ministries and commissions to accelerate the construction of the commodity futures and spot market, and make positive contributions to the maintenance of the stability of China's industrial chain supply chain and the construction of a high-standard commodity market system.

"The advantage of financing through warehouse receipts for real enterprises is mainly to improve the efficiency of capital use by way of revitalizing inventory funds, increase the financing channels of enterprises, and enhance the efficiency of capital use of real enterprises." General manager Sun Tianqi said in an interview with the futures daily reporter, compared with traditional bank credit, warehouse receipt financing pledge standardization is higher, in the enterprise to bring new business growth point at the same time, the supervision of the pledge and risk disposal is also more standardized, to help the entity enterprise to reduce the risk and financing costs. By strengthening the docking of warehouse management platforms with commercial banks and futures exchanges, Sun Tianqi said that this will make the warehouse receipt financing pledges and capital transactions standardized, help establish and improve the credit system of financing for real enterprises, and promote the orderly operation of the national economy, thus enhancing the ability of financial services to enhance the capacity of the real economy and social benefits.

"The future in the policy support, commodity futures spot market construction is expected to further accelerate." Sun Tianqi told reporters that in recent years, the futures market continues to innovate and develop, the introduction of "over-the-counter options" "insurance + futures" and other businesses, so that the futures closer to the spot, to promote the real industry on the futures tool more widely used. Next, the futures market will provide more diversified and personalized risk management tools and investment opportunities for real enterprises, continuously improve the competitiveness of enterprises, and promote the transformation and upgrading of the real economy and sustainable development.