Five city of China to par­tic­i­pate in blockchain de­vel­op­ment tri­als

Chi­na’s se­cu­ri­ties reg­u­la­tor has given its ap­proval to blockchain de­vel­op­ment tri­als for the eq­uity mar­kets of five Chi­nese re­gions.

The China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion (CSRC) re­leased the “Let­ter Con­cern­ing Agree­ment in Prin­ci­ple to the De­vel­op­ment of Blockchain Work for Five Re­gional Eq­uity Mar­kets In­clud­ing Bei­jing, Shang­hai, Jiangsu, Zhe­jiang and Shen­zhen” on 7 July 2020.

The move comes af­ter re­gional eq­uity mar­kets in­clud­ing the Bei­jing Eq­uity Trad­ing Centre and the Shen­zhen Stock Ex­change teamed up to launch a “re­gional eq­uity mar­ket in­ter­me­di­ary credit link to es­tab­lish a blockchain for the shar­ing of op­er­at­ing in­for­ma­tion by in­ter­me­di­ary in­sti­tu­tions.

The un­der­tak­ing was the first blockchain-ap­pli­ca­tion pro­ject to go on­line in Chi­na’s se­cu­ri­ties sec­tor in No­vem­ber 2017.

Read more:

• Narendra Modi Throws Support Behind Blockchain In Spite Of India’s Animosity Towards Cryptocurrencies
• China Wants To Trial Its Digital Yuan DC/EP On Online Food Seller Meituan-Dianping

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