A few days ago,the first warehouse receipt pledge business completed after Shanghai banking movable property pledge information platform to start which is contracted to build by professional e-commerce company Orient Iron and Steel of Baosteel Group,the relevant user and the bank actual experienced movable property pledge control service of the platform for the whole process,gave recognition of risk management control capacity and value-added services. The first warehouse receipt pledge business completed of this platform has smoothly completed,it marks Shanghai steel trade financing market has been stagnant for more than one year began to "wake up".

According to information, one month after movable property pledge information platform to start,the registration quantity of steel pledge information has exceed 24000 tons. The steel trade manufacturer which is the first to participate in the warehouse receipt pledge business was to store 150 tons of cold rolled coil in the warehouse of platform to specified,and completed the pledge registration procedures through the platform,the pledge handed over to the platform is responsible for the third party supervision,the Bank of China also completed the loan on the same day. In order to ensure the first warehouse receipt pledge business is going well,movable property pledge information platform conducted strict inspection screening for steel trade manufacturer,warehouse and pledge movable property,and the link of platform movable property pledge are optimized constantly,shorten the financing process. The first warehouse receipt pledge business completed,not only means that the platform of movable property pledge management mode obtained customer's acceptance,and opened a financing channels between the Bank and the steel trade manufacturer,more help to reduce the risk of movable property pledge,improve the efficiency of financing,gave a quick shot for the development of the movable property pledge business and the recovery of Shanghai steel trade financing market.

As the first movable property pledge information platform in our country, has made some process in business development and operational aspects of cooperation after this platform to start,at present,have the basic function of information disclosure,information search,ownership registration,material object supervision and warehouse financing,and is extending in the direction of spot goods warehouse receipt trade. Against the risk of Bank loan is too high caused by asymmetric information of the industry,the platform is able to provide information registration and query service for bank,against the problem of the pledge supervision lacking and false warehouse receipt appear frequently,the platform is able to provide movable property storage supervision service for user,against the problem of steel trade financing process management,the platform is able to provide warehouse receipt pledge financing service. So far,Industrial and Commercial Bank Shanghai Branch,Bank of China Shanghai Branch,China Construction Bank Shanghai Branch and Shanghai Pudong Development Bank Shanghai Branch have signed cooperation agreement with the platform. There are 53 warehouses which are cooperate with platform,the quantity of inventory reach to 2.41 million tons,the total quantity of inventory in system for 3.55 million tons. In the next stage,the platform will further expand the variety of movable property pledge and regional business,improve the management standard,gradually build the platform with public credibility of movable property pledge information and financing service,to promote the healthy development of the industry.




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