China Issues Blockchain-based Bonds Worth $2.8 Billion

Denial11

Denial11

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Dec 10, 2019
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The Bank of China has recently issued blockchain-based bonds worth 20 billion Chinese yuan ( $2.8 billion), which it has sold to fund micro-enterprise and small businesses, according to the China Development Network.
This issuance of $2.8 billion in blockchain-based bonds was along the expected lines, given the bank’s loan balance worth 404 billion yuan for small and micro-enterprise so far this year — representing 35.36% growth at the end of the previous year and catering around 410,000 small-owners and micro-enterprise.

Sources>>China Issues Blockchain-based Bonds Worth $2.8 Billion
 
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