Core Insights - The article discusses the transformation of warehouse receipts from mere proof of goods ownership to a financial tool that facilitates funding and activates supply chains [1][4]. Group 1: Shanghai Zhiwei's Experience - Shanghai Zhiwei, a trading company with annual sales exceeding 900 million yuan, utilized a standard warehouse receipt to secure 15 million yuan in financing, significantly reducing their interest costs from 6% to 3% [2][3]. - The company leveraged the Shanghai Futures Exchange's online pledge service, which simplified the approval process and allowed for quick access to funds, enabling them to increase their winter stock from 6,000 tons to 10,000 tons of rebar [3][4]. - The efficiency of the platform allowed for rapid sales transactions, with payments received on the same day, contrasting with previous methods that required longer timeframes for customer contact and payment collection [3][4]. Group 2: Shanghai Hangshi's Breakthrough - Shanghai Hangshi faced challenges in the paper pulp market due to channel bottlenecks but found a solution through the Shanghai Futures Exchange's platform, which enabled them to register warehouse receipts and secure financing [5][6]. - The company was able to generate 60 warehouse receipts for 1,200 tons of paper pulp, facilitating a loan of 6.4 million yuan within 24 hours, thus resolving their financial difficulties [6][7]. - The platform's transparency and efficiency improved transaction speed and trust between parties, allowing Shanghai Hangshi to expand its market presence and enhance operational efficiency [7][8]. Group 3: Industry Impact - The use of standard warehouse receipts and the online pledge service has become a critical tool for companies in the commodity trading sector, enabling them to overcome financing challenges and improve operational efficiency [2][5]. - The Shanghai Futures Exchange's platform has facilitated resource sharing and information exchange across the supply chain, contributing to the overall growth and collaboration within the industry [8].