Recently, the Provincial Department of Commerce, Provincial Local Financial Supervision Bureau, Hangzhou Customs, Shanghai Futures Exchange, Zhoushan Management Committee of Zhejiang Pilot Free Trade Zone, and Wuchan Zhongda Group signed the "Bulk Commodity Warehouse Receipt Registration (Zhejiang Bonded Commodity Registration System) Alliance Charter", The Zhejiang Bonded Commodity Registration System (referred to as the "Bond System") of the National Warehouse Receipt Registration Center for Bulk Commodities was officially launched . The Baodeng system is a public service platform built around the registration of bonded commodities in the Zhejiang Pilot Free Trade Zone, and it is also an important part of the national bulk commodity warehouse receipt registration center. The launch of the Zhejiang Baodeng system marks a further step forward in the whole warehouse registration business and better serves the construction of a unified national market.
The Baodeng system is another important achievement in the construction of an integrated oil and gas trading market in the Yangtze River Delta. It aims to realize "unified registration, digital supervision, combination of futures and cash, and interoperability of industry and finance" for bulk commodities. The pilot project is bonded low-sulfur fuel oil. The use of blockchain technology has realized information sharing and certification among government departments, trading platforms, banks and enterprises, and realized the whole-process registration of bonded goods in bonded supervision places from storage to delivery, which will help strengthen the security of bulk commodities. Safe circulation and efficient operation, promote the efficient linkage between the futures market and the spot market, serve the construction of the bulk commodity credit system in Zhejiang Pilot Free Trade Zone, and build "futures and spot goods, on-site and off-site, domestic and overseas, offline and online" The interconnected multi-level commodity trading market system provides effective support. In the next step, all parties will further strengthen cooperation, jointly deepen the construction of system functions, serve the development of bonded spot transactions and warehouse receipt pledge financing business, promote the application of duty-paid bulk commodities in Zhejiang Pilot Free Trade Zone, and serve the entire oil and gas industry in Zhejiang Pilot Free Trade Zone It has made positive contributions to the chain construction and built the Zhejiang Baodeng system into a benchmark that can be promoted and demonstrated by the national bulk commodity warehouse receipt registration center.