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China’s Financial Authority Receives Application For First Blockchain ETF

Filed on December 24, the offering is called the Penghua Shenzhen Stocks Blockchain ETF and is open for public access. The ETF will track all listings of blockchain firms as available on the Shenzhen Stock Exchange. If the CSRC approves Penghua, it will be the first blockchain ETF in the country.

The index already includes firms like Zixin Pharmaceutical, SF Holdings, Ping An Bank. Guangdian Express, and also Midea Group.

As China moves to dominate the global blockchain industry, it recently announced more than 500 registered blockchain projects. It is also set to begin a pilot test of its central bank digital currency CBDC.

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