On May 28, 2024, the launching ceremony of the domestic and international dual circulation futures and spot linkage industrial and financial base of the Qinzhou Port area of the Free Trade Zone and the digital bonded financial supervision warehouse of the Beibu Gulf Guangxi Commodity Trading Platform was grandly held at the Qinzhou International Container Distribution Center of the New Land-Sea Corridor, marking that the commodity trading in this area has officially entered a new era of digitalization, internationalization and financialization.

Zhong Hengqin, member of the Standing Committee of the Qinzhou Municipal Party Committee, Executive Vice Mayor, and Deputy Director of the Management Committee of the China-Malaysia Qinzhou Industrial Park, emphasized in his speech the important role of the park in promoting the transformation and upgrading of the channel economy and port-related industries. He mentioned that the creation and independent operation of the Beibu Gulf Guangxi Commodity Trading Platform, as well as the establishment of the futures and spot linkage industrial and financial base and the financial supervision warehouse, not only improved the efficiency of financial supervision, provided a strong guarantee for preventing financial risks, but also was a key link in the healthy and stable development of the park's financial industry.

At the launching ceremony, the Free Trade Investment Group, Beibu Gulf Guangxi Commodity Trading Co., Ltd., Guangxi Border Port Supply Chain Co., Ltd. and others signed strategic cooperation agreements with a number of financial institutions, investment institutions and enterprises. This move is of milestone significance for the sustained and high-quality development of commodity trading in the Qinzhou Port area. It not only promotes Qinzhou Port to become a gateway port for the new international land-sea trade corridor, an important gathering area for the sea-oriented economy, and a model area for cooperation between China and ASEAN, but also lays a solid foundation for its future prosperity and sustainable development.

In the future, the digital bonded financial supervision warehouse of the Beibu Gulf Guangxi Commodity Trading Platform will deepen cooperation with a number of financial institutions to build a more complete financial product matrix. At the same time, the platform will also establish financial supervision warehouses in Qinzhou Port in the form of various warehouses, including yards, indoor warehouses, cold storage, etc., and cooperate with logistics companies to establish an integrated intelligent logistics system of unloading, transportation and management with the circulation of commodities as the core. This will realize the dynamic supervision of goods, build a digital production and finance ecology of warehousing + finance, promote the creation of the Qinzhou Port Commodity Financial Agglomeration Area, and further consolidate its position as a convenient place for domestic and international dual circulation market operations.Editor/Cheng Ting