TechFlow news — Today, the Beijing Municipal Financial Supervision Administration announced on its official website that the China Securities Regulatory Commission (CSRC) issued a letter on July 7 titled "On Principle Approval for Beijing, Shanghai, Jiangsu, Zhejiang, and Shenzhen to Launch Blockchain Infrastructure in Regional Equity Markets," granting principle approval for regional equity markets in Beijing, Shanghai, Zhejiang, Jiangsu, and Shenzhen to participate in blockchain pilot projects. The Beijing Municipal Financial Supervision Administration stated that it will, in accordance with CSRC's unified deployment and requirements, work with relevant departments to guide the Beijing Equity Exchange in carrying out the blockchain pilot project.
In November 2017, the Beijing Equity Exchange, together with the Shenzhen Stock Exchange and other regional equity market operators, jointly launched the Intermediary Credit Information Chain for regional equity markets—an industry-first blockchain application officially launched, aimed at building a standardized, tamper-proof blockchain system for sharing credit information on intermediary institutions' professional activities.
