Refers to the physical delivery with the goods contained in the bonded supervision contract in the bonded supervision area or bonded warehouse as the delivery target. Simply put, keep the existing trading rules system unchanged, keep the physical delivery of duty-paid goods unchanged, and increase bonded goods for physical delivery in the delivery link. It turns out that imported goods can only be delivered after the import declaration. After bonded delivery, bonded goods can enter the delivery link by using the bonded warehouse before completing the import declaration, without going through the customs declaration formalities and paying import duties and related taxes.

Significance of bonded delivery of futures

First, bonded delivery of futures is an important step in the process of gradually expanding the radiation scope of resource allocation function of futures market to the international market, which is conducive to forming an international logistics center and shipping center and improving China's international market influence; Second, the bonded delivery of futures will greatly enhance the price influence and international discourse power of China futures market, and it is a powerful promoter of the construction of international financial centers; Third, bonded delivery of futures is helpful to bring international resources into the futures market and facilitate physical delivery, which is of great significance to the steady development of China's futures market; Fourthly, bonded delivery of futures is an important means to explore the internationalization of China's futures market and enhance its international competitiveness, which can accumulate experience for China's futures market to go global.

Policy background of bonded futures delivery

After nearly 20 years of development, China futures market has had an important impact in China, but its pricing position in the international market and international trade needs to be further improved. After several years of efforts, bonded futures delivery has been listed as one of the important tasks for Shanghai to build an "international financial center and an international shipping center".

What policies does the state have for bonded delivery of futures?

20 10 10 10/2 1 day "Reply of the General Administration of Customs on Launching Pilot Futures Bonded Delivery Business in Special Customs Supervision Areas" (No.2010460). 20 10 12.6 The Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China jointly issued the Notice on Value-added Tax Issues Concerning Bonded Delivery of Futures in Shanghai Futures Exchange (Caishui 2010/08). 12 13 The China Securities Regulatory Commission officially approved the Shanghai Futures Exchange to carry out the pilot of bonded futures delivery.