Zhong Guo Xin Wen Wang·2026-02-09 06:47Group 1 - The core viewpoint of the news is the collaboration between the National Commodity Warehouse Receipt Registration Center (全仓登) and Zheshang Bank Shanghai Branch to launch a warehouse receipt pledge financing product, aimed at providing efficient financing support for real enterprises [1][2] - The financing product utilizes the electronic warehouse receipts of bulk commodities as collateral, establishing a standardized financing service model centered around the warehouse receipts [1][2] - Recent policy documents from Shanghai emphasize the support for the construction of the warehouse receipt registration system and the gradual coverage of key non-ferrous metal products, which aligns with the objectives of this collaboration [1] Group 2 - The warehouse receipt pledge product offers various financing options such as short-term loans and domestic bills, addressing the industry's challenges of "difficult and expensive financing" [2] - The first successful transaction involved a non-ferrous metal company using an electronic warehouse receipt for electrolytic copper as collateral to secure financing from Zheshang Bank, highlighting the convenience and efficiency of the process [2] - The warehouse receipt registration center has already registered various commodities including copper, aluminum, zinc, lead, tin, nickel, silver, pulp, and natural rubber, and plans to expand its coverage and deepen collaboration with financial institutions and storage enterprises [2]