China: E-Commerce Giant JD. com to Issue Blockchain Asset-Backed Securities

Kuaixun.stcn.com

Chinese e-commerce giant JD. com has released plans to issue asset-backed securities (ABSs) on the blockchain. According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with HuataiSecurities and Xingye Bank. Together, the partners will access blockchain’s potential to shore up asset security, according to JD Finance head Hao Yanshan. “…The alliance chain must meet the actual needs of all participants in the asset securitization business in order to fully reflect the application value of blockchain technology,” he explained.(Chinese)

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