June 08, 2020 BY Steffy Bogdanova

Chinese commercial bank releases $16.9 billion commercial paper on blockchain

Bond issuance can be difficult for small, medium and micro-enterprises as they do not have a connection with open markets. The launch of the “Lianxin 2020 Lian­jie First Phase Asset-backed Commercial Paper” can help small and medium enterprises finding financial support more easily. Major banks in China, including the central bank, lead blockchain innovation in…

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