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China is doubling down on blockchain technology in order to automate the securities business

China aims to digitalize its securities industry by the use of blockchain technology. Recent meetings were held by representatives of the country's largest stock exchanges and regulatory bodies. They agreed on the critical nature of technology's role in developing China's securities industry. The China Securities Association organized the event. Jiang Yuanyuan, the chairman of the China Securities and Futures Regulatory Commission (CSRC), has urged the securities industry to investigate the use of blockchain technology. The Chinese securities industry's major players are in the advanced stages of developing their own blockchain projects.

 

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