What is the current situation of warehouse receipt pledge in China?

First of all, we should standardize the circulation and transaction in the warehouse receipt chain. Most of the new standards are based on the standards of the exchange, and then the warehouse receipt template is rolled up with the help of smart contracts and other technologies. Warehouse receipts are mainly used for financing, and there are not many pledge activities of warehouse receipts at present. The research report shows that the amount of warehouse receipts participating in bank financing accounts for less than 5% of pledge financing. The reason for the low proportion is that most warehouses lack financial attributes, and the warehouse receipts issued cannot meet the requirements of pledge and transaction.

Blockchain has the characteristics of traceability, imitatability, distribution and encryption, which can confirm the rights of warehouse receipts, and all operations of warehouse receipts can be made public, which can enhance trust and improve efficiency. Warehouse receipt pledge refers to the pledge of personal property (including raw materials, finished products, etc. ) by the enterprise, good quality, stored in the warehouse. Warehouse receipts, vouchers for logistics enterprises and goods warehousing, are applied by the logistics enterprises to the banks, and the banks lend to the enterprises in the name of warehouse receipts according to the value of the goods. At the same time, logistics enterprises are responsible for the goods under customs supervision. As a new service item, warehouse receipt pledge provides a broad stage for warehousing enterprises to expand service items and carry out diversified operations. Especially in the process of transformation from traditional warehousing enterprises to modern logistics enterprises, warehouse receipt pledge, as a new business, should be widely used.

With the continuous spread of global epidemic and the improvement of safety and environmental management level, the operating cost of the whole industry is increasing, and the financial pressure of petrochemical enterprises is increasing. However, for a long time, the traditional credit risk control system of "looking at people rather than goods" has made it difficult for small-scale enterprises with high movable property value to meet the credit conditions of financial institutions.

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