Warehouse receipt transaction is the act of buying and selling warehouse receipts in the market. Warehouse receipt transaction is a standardized commodity transaction and the highest form of commodity transaction. As warehouse receipt transaction is a specific transaction form between finance and commodity trade, it is strictly managed by the state in China, and warehouse receipt transaction is not allowed without the authorization of the state.

Domestic markets (institutes) that can engage in warehouse receipt trading include China Commodity Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange. Among them, China Commodity Exchange is a specialized market for warehouse receipt transactions designated by the state, while the other three exchanges are futures exchanges, and warehouse receipts only participate in the delivery of futures contracts. Warehouse receipt is the final delivery in futures trading.