Wednesday 9 August 2023


The China Securities Regulatory Commission has started advancing the use of blockchain technology for regional equity markets, enhancing supervision and innovation.
The Commission drives the digital shift and plans business smart contracts and comprehensive digital profile, enhancing innovative on-chain applications and reinforcing market interconnectivity.
It can be recalled that in 2020, China proposed the creation of a blockchain-based over-the-counter market registration system and transaction reporting library, subsequently initiating a pilot project for blockchain implementation.
“Yiqirong” unified data terminal for regional equity markets was unveiled at a Digital Empowerment Regional Equity Market Innovation and Development event held on August 8, 2023.
“Yiqirong,” which was constructed collaboratively by the Shenzhen Stock Exchange, industry bodies, and 35 regional equity markets, collects corporate data, offers credible data services to market participants, and enhances investment efficiency.
Looking ahead, “Yiqirong” aims to expand nationwide, forge stronger partnerships with regional equity markets and third-party service agencies, and further boost its data and service ecosystem.
The Deputy Director of the Market II Department at the China Securities Regulatory Commission, Wu Qichao, underscored the marvelous advancements achieved in blockchain implementation within regional equity markets.

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