China plans national blockchain network in digital push

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China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina plans national blockchain network in digital push\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-10 19:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/china-plans-national-blockchain-network-digital-push/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital ...</p>\n\n<a href=\"https://crypto.news/china-plans-national-blockchain-network-digital-push/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKCH","symbol_name":"AdvisorShares Sabretooth ETF","start_time":0,"source_url":"https://crypto.news/china-plans-national-blockchain-network-digital-push/","article_id":"2674894269","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/china-plans-national-blockchain-network-digital-push/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2674894269","pubTimestamp":1791631666,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production.China’s new policy calls for national blockchain and computing networks alongside changes to data ownership rules.The document proposes data-market trials, cross-border data mechanisms and support for long-term technology investment.Chinese banks have already received guidance encouraging blockchain use in tax-data sharing and business lending.Xinhua News Agency published the opinion issued by the Communist Party of China Central Committee and the State Council on Oct. 9. The document places the national blockchain network within a section on connecting the real economy and the digital economy, alongside manufacturing upgrades and national data infrastructure.China’s blockchain network plan sits alongside manufacturing upgrades. Within its digital economy pro","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKCH":"AdvisorShares Sabretooth ETF","HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","FCA":"First Trust China AlphaDEX Fund"},"translate_title":"中国计划数字推动国家区块链网络","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HECO":1.5,"FCA":0.9,"BKCH":1.5},"content_text":"China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production.\n\n\nSummary\n\n\n\nChina’s new policy calls for national blockchain and computing networks alongside changes to data ownership rules.\nThe document proposes data-market trials, cross-border data mechanisms and support for long-term technology investment.\nChinese banks have already received guidance encouraging blockchain use in tax-data sharing and business lending.\nRecent digital yuan expansion has taken the number of approved banking operators to 30.\n\n\n\nXinhua News Agency published the opinion issued by the Communist Party of China Central Committee and the State Council on Oct. 9. The document places the national blockchain network within a section on connecting the real economy and the digital economy, alongside manufacturing upgrades and national data infrastructure.\nUnder the opinion, authorities should improve rules governing who owns data, how it is traded, how rights are allocated, and how participants’ interests are protected. The policy also calls for pilot projects involving data as an economic resource, while directing improvements to the construction and operation of national data infrastructure.\nChina’s blockchain network plan sits alongside manufacturing upgrades\nWithin its digital economy provisions, the opinion calls for an integrated national computing network and a national blockchain network. The document also directs authorities to advance smart manufacturing, industrial internet projects and the East Data, West Computing program.\nFor industrial development, the policy proposes support for businesses adopting digital technologies and for companies supplying digital products and services. The opinion calls for internationally competitive digital industry clusters, with changes to the policy framework supporting both activities.\nThe same document proposes mechanisms to increase investment in future industries and share investment risks. Under its financing provisions, authorities should use existing fiscal policies and encourage sustained private capital investment in technology development.\nEarlier Chinese policy has already addressed blockchain use in business finance. On April 6, crypto.news reported that the State Administration of Taxation and the National Financial Regulatory Administration had encouraged blockchain-based tax data sharing as part of changes to bank lending for small businesses.\nAccording to the agencies’ notice, standardized information sharing between banks, tax authorities and businesses should help lenders assess borrowers. The agencies also recommended improving credit models and loan approval processes, with financing directed toward compliant, tax-paying enterprises.\nData-market proposals include cross-border flows\nBeyond domestic infrastructure, the new opinion calls for an open, shared and secure market for data. Its provisions include exploring mechanisms for efficient cross-border data movement, alongside changes to ownership, transactions and protection of economic interests.\nRegional authorities have separately proposed changes to cross-border digital finance. In a draft released on Aug. 6, Guangdong’s Department of Commerce included cross-border digital yuan trials in its free trade zone development plan for 2026–2030.\nAccording to the department’s consultation document, the proposed measures cover additional digital yuan uses, offshore finance, green finance and financial technology trials. The draft also supports cross-border supply chain finance and lending secured by intellectual property.\nFor financial institutions operating within the zone, the Guangdong proposal includes trials involving cross-border credit asset transfers and multi-currency accounts. The department invited public feedback until Sep. 5 before reviewing submissions and completing the plan.\nIn payment infrastructure, Mobile Payment Network reported in July that ICBC’s Shanghai branch and ICBC Singapore had settled nearly 10 million yuan in import shipping fees through the upgraded Digital Currency Express platform. According to that report, the recipient received the digital yuan payment on the same day.\nDigital yuan banking participation has reached 30 operators\nOn Aug. 17, the People’s Bank of China announced it had approved eight additional banking operators, raising the digital yuan network’s total from 22 to 30.\nThe central bank’s list included Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Beibu Gulf Bank. According to the announcement, the institutions had connected to the central bank’s digital renminbi system, with customer services dependent on completing business and technical preparations.\nThe PBOC linked the expansion to the 2026–2030 national planning period and said it intended to improve access to secure and convenient digital yuan services.\nUnder a separate PBOC framework introduced in January, verified digital yuan wallets became eligible to earn interest, while qualifying balances received protection under China’s deposit insurance system. The framework requires non-bank payment companies to maintain customer reserve funds entirely in digital yuan.\nChina’s crypto restrictions and US data rules remain relevant\nFor cryptocurrency businesses, Chinese regulators issued separate restrictions earlier this year. A February notice from the PBOC, the China Securities Regulatory Commission and other agencies extended oversight to stablecoins and tokenized assets.\nAccording to the notice, issuing offshore renminbi-pegged stablecoins requires authorization. The agencies also maintained restrictions on virtual currency businesses and mining, including enforcement against operations presented as data centers that actually house mining equipment.\nFor American companies handling cross-border information, the US Justice Department’s Data Security Program establishes prohibitions and restrictions on certain transactions that provide countries of concern or covered persons access to sensitive American data. The department states that the program covers US government-related information and bulk personal data, including financial, health, biometric, and geolocation records.\nUnder the department’s rules, China, including Hong Kong and Macau, is designated a country of concern. The Justice Department’s final-rule fact sheet identifies that designation as part of the framework governing covered data transactions.\nAccording to the department, the program took effect in April 2025, while requirements involving due diligence, audits, and certain reporting obligations became effective in October 2025.\n\n\n\n\n\n                Read more:\n            \n\n                Papertrade plans 1000x leverage launch after $85.3m deposits","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}