China Launches Digital Bank Consortium Blockchain Investment Fund

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A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to a press release. Delivering a key note speech, entitled “Global Investment Opportunities for China’s Digital Banks,” Tong said: Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in and create a leading digital bank, through which it will build a global digital bank consortium blockchain. The first step is to invest in and digitally transform a bank. The second step is to build a global digital bank consortium blockchain, with the digitally transformed bank as the main node. Other parties involved in the launch are the Yillion Bank,…

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