Core Insights - The conference held in Shanghai focused on exploring a credible collaborative model for the allocation of bulk commodity resources, emphasizing the importance of credit construction and collaborative innovation in the bulk commodity market [1] Group 1: Conference Highlights - The event was supported by the Shanghai Municipal Commission of Commerce and aimed to showcase significant practical achievements in building an integrated collaborative system of "registration + storage + finance" for bulk commodities [1] - Liu Min, Deputy Director of the Shanghai Municipal Commission of Commerce, highlighted the high proportion of bulk commodities in both domestic and foreign trade, underlining their importance for supply chain security and enhancing urban core functions [1] Group 2: Registration System Expansion - The national bulk commodity warehouse receipt registration center (全仓登) expanded its registration scope by adding six non-ferrous metal varieties, including aluminum, lead, zinc, tin, nickel, and silver, bringing the total registered varieties to 13 with over 12.1 million tons of registered warehouse receipts and inventory [2] - The center awarded licenses to major domestic logistics groups for the first batch of cooperative warehouses, establishing a credible warehousing network to ensure the safety and ownership of goods corresponding to electronic warehouse receipts [2] Group 3: Financial Collaboration - A strategic cooperation agreement was signed between the national bulk commodity warehouse receipt registration center and the Shanghai Clearing House to explore a safe and efficient clearing model for warehouse receipt transfers [3] - Major banks, including Industrial and Commercial Bank of China, Bank of Communications, Shanghai Pudong Development Bank, and Jiangsu Bank, signed agreements to expand financing scenarios for warehouse receipt pledges, thereby broadening financing channels for industry chain enterprises [3] Group 4: Future Directions - The establishment of a trade, finance, and data infrastructure centered on warehouse receipt registration is viewed as a key measure for upgrading the bulk commodity market [4] - The national bulk commodity warehouse receipt registration center aims to create a credible trading environment for bulk commodities, facilitating Shanghai's development as a global resource allocation hub and supporting the construction of a unified national market [4]