Shanghai SASAC held a meeting on July 31 to accelerate high-quality development of bulk commodity trade and build an international trading and investment platform. The meeting emphasized strategic positioning, ecological cooperation, and regulatory services. Guomao Holdings, a municipal state-owned enterprise with 13 billion yuan registered capital established in November 2025, signed framework agreements with SAIC Motor, Shanghai Electric, Shenergy Group, and Shanghai International Port Group to deepen collaboration and build a bulk commodity industrial ecosystem.
Wanhua Chemical Group has obtained China's first electronic certificate for bonded warehouse registration, issued through the "Internet + Customs" integrated online platform in Yantai, Shandong province. The certificate, secured within minutes, carries the same legal effect as a paper version and meets requirements for full traceability, tamper resistance, and paperless management, enabling businesses to complete procedures without in-person visits and with instant processing.