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Blockchain in China: Top 10 Stocks for Winning Investments

The 10 best stocks for winning investments in the world of Blockchain in China, market opportunities so you don’t miss the chance to get the most out of your investment

The blockchain phenomenon continues to leave its mark around the world, and China is no exception. Blockchain technology is a growing sector in China, and many investors are starting to consider this opportunity for their portfolios. Here we present the top 10 stocks for winning investments in the field of blockchain in China.

However, before we dive into the world of blockchain investment, it’s helpful to understand what exactly blockchain is and how
it works.

The context of the blockchain market in China is growing rapidly, so it’s worth familiarizing yourself with the top 10 blockchain stocks in China.

China, despite having banned cryptocurrencies, takes a different position on blockchain technology, allowing blockchain stocks in China to flourish.

The Blockchain Technology Market in China

The blockchain technology market in China was valued at around 1.4 billion dollars in 2022, up from 14.4 million dollars in 2027.

In recent years, President Xi Jinping has expressed a desire to make China a leader in the blockchain technology industry. In 2023, Xi wrote about how 5G, artificial intelligence, cloud computing, and blockchain technologies will play a predominant role in China’s economic growth and global leadership.

The Chinese government embraces blockchain to strengthen cybersecurity infrastructure, and there is significant support at the provincial and city levels. In 2022, there were more than 33,000 blockchain companies registered in China, more than twice as many as
in 2016.

Current and Future Market Situation

Despite the ban on cryptocurrency trading in China, many blockchain companies in the country have not suffered the big losses of the emerging sector in recent years. Furthermore, China has not completely abandoned digital currencies, with the People’s Bank of China launching a digital version of the yuan
.

In May 2023, the Chinese government announced the opening of a national blockchain research center in Beijing, with the goal of training 500,000 blockchain professionals and developing a nationwide blockchain network.

The Top 10 Blockchain Stocks in China

Here’s an overview of the top 10 blockchain stocks in China, listed by market capitalization as of July 31, 2023.

  1. Alibaba Group Holdings (HKEX:9988, NYSE:BABA)
    • Market Cap: CNY 1.79 trillion
    • Alibaba is an e-commerce giant, with a focus on consumer services, business and electronic payment. Ant Group, an affiliate of Alibaba, owns the largest digital payment platform in China
    • .

  2. Industrial and Commercial Bank of China (SHA:601398, HKEX:1398)
    • Market Cap: CNY 1.587 trillion
    • ICBC is China’s largest state-owned commercial bank, with an industry-leading blockchain technology platform.
  3. China Construction Bank (SHA:601939, HKEX:939)
    • Market Cap: CNY 1.05 trillion
    • This of the “Big Four” Chinese banks is conducting the research and development of blockchain technologies.
  4. Ping An Insurance Company of China (SHA:601318, HKEX:2318, OTC Pink:PIAIF)
    • Market capitalization: CNY 937.649 billion
    • First Chinese company to join the R3 blockchain consortium in 2016, with successes such as the FiMAX blockchain system.
  5. China Merchants Bank (SHA:600036, HKEX:3968)
    • Market capitalization: CNY 888.35 billion
    • It offers both personal and business banking services, with a commitment to the development of the digital yuan payment platform.
  6. Postal Savings Bank of China (SHA:601658, HKEX:1658)
    • Market capitalization: CNY 500.62 billion
    • PSBC provides banking and financial services with a strong blockchain presence, including collaboration with IBM for a blockchain-based asset management system.
  7. Baidu (HKEX:9888, NASDAQ:BIDU)
    • Market capitalization: CNY 382.88 billion
    • Famous for internet services and AI, Baidu offers a blockchain-as-a-service platform and is expanding its presence in virtual worlds and AI.
  8. JD.com (HKEX:9618, NASDAQ:JD)
    • Market capitalization: CNY 378.76 billion
    • JD.com launched a blockchain platform in 2018, focusing on innovation, supply chain, reliable networks, digital storage, and financial technology.
  9. China CITIC Bank (SHA:601948, HKEX:0998)
    • Market capitalization: CNY 257.189 billion
    • The commercial bank offers a wide range of financial services and is committed to the development of the blockchain platform to facilitate payments in the construction industry.
  10. Lenovo (HKEX:0992)
    • Market capitalization: CNY 97.76 billion
    • Lenovo, which specializes in computers, smartphones, TVs and wearables, focuses on the research and development of blockchain technologies, especially in supply chain management.

Conclusion: Investment Opportunity for Long-Term Growth

With China poised for long-term growth in the blockchain industry and the prospect of becoming a global leader, investors should be familiar with these Chinese blockchain companies leading the market. Knowledge of these companies and their sectors of activity is essential for those looking for investment opportunities in the field of blockchain.

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