At around 9:00 am on December 15, 2022, the bonded standard warehouse receipt trading on the Shanghai Futures Exchange's comprehensive business platform was officially launched. Shanghai Shanshan Trading Co., Ltd. actively responded and won the first transaction. At the same time, good news also came at the launch ceremony of bonded warehouse receipt trading and the 2022 Traders Conference. Shanghai Shanmao was awarded the title of "Excellent Trader" for 2022 by the comprehensive platform of the Shanghai Futures Exchange, marking the company's third consecutive year of this honor.
The bonded standard warehouse receipt trading launched by the comprehensive business platform of the Shanghai Futures Exchange this time is an important measure taken by the Shanghai Futures Exchange to implement the deployment of "developing futures bonded warehouse receipt business" in the "Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting the High level Reform and Opening up and Building a Leading Zone for Socialist Modernization Construction in Pudong New Area". From the top-level system design, to participating entities, trading, settlement, settlement, and risk control A large number of designs have been made for handling breach of contract and violation of regulations. On the one hand, allowing overseas machines to participate in bonded standard warehouse receipt transactions on the Shanghai Futures Exchange's comprehensive business platform is the first time it has accepted the participation of overseas traders in trading business, promoting the "introduction" of the commodity sector. On the other hand, it is required that all entities settle and price transactions in RMB, promoting the "going global" of RMB and helping commodities become a new growth point for RMB internationalization.
The first online transaction subject of the bonded standard warehouse receipt transaction on the comprehensive business platform of the Shanghai Futures Exchange was No. 20 rubber, which is an important variety in natural rubber. The No. 20 rubber futures contract of the Shanghai Futures Exchange has the advantages of good liquidity, large trading volume, and high quality of the underlying goods on a global scale. It is becoming a spot pricing benchmark for many domestic and foreign enterprises. In this context, the fact that the Shanghai Futures Exchange designated No. 20 adhesive as the first international variety to be launched has its advantages. Meanwhile, it is worth noting that No. 20 glue is a registered variety in the national bulk commodity warehouse receipt registration center, and this standard warehouse receipt belongs to six warehouses on the chain of the National Bulk Commodity Warehouse Receipt Registration System Alliance. It can be imagined that the No. 20 adhesive bonded standard warehouse receipt will become the first application scenario for full warehouse registration of varieties, and its significance is very profound.
Rubber products are the flagship products of Shanshan Property Group. Shanghai Shanmao and its sister companies Shanshan Nenghua and Shanshan Petrochemical have always been actively involved, paying attention to No. 20 rubber and natural rubber products, and investing a lot of resources in research and trading, achieving gratifying results. Shanghai Shanmao is not only one of the first delivery customers for No. 20 rubber, but also has completed the first transaction of the bonded standard warehouse receipt for No. 20 rubber on the previous comprehensive business platform, injecting a shot of strength into the company and the product group's continued cultivation of No. 20 rubber and natural rubber varieties.
