On the afternoon of September 11, 2026, the 10th Industry Deep-Dive Salon, hosted by Poker Finance and strategically supported by the Chungrui Zijin Bulk Commodity Trade Industrial Park, concluded successfully in Baoshan, Shanghai. Dejun Dai, Partner of Chungrui Shanghai Office, attended as a guest speaker and joined nearly 100 executives from commodity trading enterprises, local urban investment platforms, and logistics companies in a deep discussion on compliance, risks, and transformation pathways for bulk commodity trade in the post-invoice-economy era.

On August 20, 2026, the Shanghai Municipal Commission of Commerce and the Shanghai Municipal Tax Bureau jointly issued the "Shanghai Bulk Commodity Trade Authenticity Rules Guidelines (Trial)," the first local regulation of its kind nationwide. The guidelines established five core principles: substantive operations, authentic trade, standardized fund settlement, tax compliance, and closed-loop evidence verification. Enterprises are now required to demonstrate authenticity across seven dimensions: trading entities, contracts, goods and title, funds, invoices, and data. The regulatory approach has shifted from error-detection to standard-setting.

Dai delivered a professional analysis of the regulatory logic and enforcement trends behind the guidelines. He noted that the rules systematize and substantiate the long-standing "four-flow consistency" verification logic used in tax audits—assessment criteria now penetrate beyond documentary forms to examine whether title has genuinely transferred and whether transactions possess commercial substance. The guidelines construct a complete evidence chain from transaction motive to execution documentation.

Other guests including Zheng Wei, Liu Chao, and Duan Jieqi shared insights on compliance system construction, futures-and-spot risk management, and title/warehouse receipt risk control. In the Q&A session, enterprise representatives engaged in lively discussions with speakers on practical compliance challenges. As a national 5A-grade tax agency, Chungrui Tax Group has long specialized in tax services for bulk commodity trade. Dai clarified the transformation path from proving authenticity to proactive compliance, emphasizing that compliance is not a constraint but the foundation of high-quality development.