1st Central China Petroleum Industry Forum held in Changsha, GYIE Cross-border attracts attention

From July 28 to July 29, the 1st Central China Petroleum Industry Forum was grandly held in Changsha. Shanghai GYIE Cross-border E-commerce Co., Ltd. (hereinafter, "GYIE Cross-border") attended the forum as one of the co-organizers. Shen Bin, deputy GM of the Business Center, and Qiao Xiang, director of market division of the Operation Center, and other department heads attended the forum, and introduced "GYIE MODE" to all the participating enterprise representatives, and also made deep exchanges on GYIE Cross-border's free-breaking service and GYIE Could Warehousing product closely related to petroleum products, which achieved great attention from colleagues in the industry. 

In recent years, resource competition becomes more prominent in petroleum industry, and refining factories attach more and more importance to strengthen the business exchanges with terminal customers, as it has become the new development demands of petroleum product enterprises to improve profits and advantages by eliminating excessive intermediate business links. The attendee representative Shen Bin said in the discussion that, the target customers' demands was the direction for GYIE Cross-border platform to upgrade its products. Shen also stressed that, GYIE Cross-border's unique transaction mode of system automatic matching + free broking transaction, T + 0 fund settlement, real-time fund transfer, CA electronic cargo ownership delivery system etc. were specially developed complete solutions for the petroleum products and other commodity products with excessive intermediate transaction links, high cost, and high risks, etc.. 

At the conference, Director Qiao made a systematic introduction of the five systems of "GYIE Mode", that is, GYIE Cross-border not only provide free data information, cross-border direct connection service, but help both the suppliers and buyers to make fast transactions with online warehousing logistics operation, reducing management cost so as to assure the safety, high-efficient, convenience of logistics service, and in the end, Qiao stressed that, in the future, GYIE Cross-border would conduct cooperation with financial institutes to create financial products to serve both the upstream and downstream enterprises with the aim at establishing a complete, whole-industry-chain one-stop service system. 

The forum attracts over 400 enterprises including domestic refiners, gasoline and diesel distributors, oil tankers, gas stations, oil product raw materials, made retrospective review and outlook exchanges on crude oil price and demand, which is of profound significance to the transforming and upgrading of petrochemical industry. 

After the forum, the next big expectation to all industry colleagues will be the opening of the 8th CPCIC held from Sep. 19 to Sep. 21.