Chinese regulators agree to the development of blockchain in the five equity trading markets

Recently, the China Securities Regulatory Commission approved 5 regional equity markets including Beijing, Shanghai, Zhejiang, Jiangsu and Shenzhen to participate in the pilot work of blockchain construction. It is reported that the Beijing Equity Exchange Center and other institutions jointly launched a regional equity market intermediary agency credit chain, focusing on building a unified standard and non-tamperable intermediary agency practice information sharing credit investigation blockchain.

From the perspective of public information, although the application direction of the blockchain has not been specifically disclosed, from the experience of Beijing, information storage may become a major direction. But in the long run, some experts believe that the most important role of blockchain technology in the securities market is to reform the current clearing and settlement system, as the information infrastructure of the securities market, and accelerate the informationization process of the securities market.