TLDR
- China’s Communist Party and State Council issued a 19-measure policy calling for a national blockchain network and a national computing power network.
- The plan also covers AI, quantum computing and new rules for data ownership and trading.
- Chinese banks have been encouraged to use blockchain for tax data sharing and small business lending.
- The People’s Bank of China approved eight more digital yuan banking operators in August, bringing the total to 30.
- Crypto trading and mining remain restricted in China, and stablecoin rules were extended in February.
China has called for a national blockchain network in a new policy document aimed at growing its digital economy. The Communist Party Central Committee and the State Council issued the opinion, which Xinhua News Agency published on Oct. 9.
🚨HUGE: China pushes to establish a “National Blockchain Network”.
According to Xinhua, China introduced a 19-measure policy to build nationwide blockchain and computing infrastructure.
The plan aims to integrate blockchain into manufacturing, banking and data sharing, while… https://t.co/e9gmT7SWM8 pic.twitter.com/N4vWSLGrJQ
— Coin Bureau (@coinbureau) October 10, 2026
The document includes 19 measures to develop technology-led industries. It also seeks to connect the digital economy with real-world production.
What the Policy Includes
The opinion places the blockchain network in a section on linking the real economy and the digital economy. It also calls for an integrated national computing power network.
Other items in the section include smart manufacturing, industrial internet projects and the East Data, West Computing program. The policy backs businesses that adopt digital tools and companies that supply digital products.
Authorities were told to improve rules on who owns data and how it is traded. The document also calls for pilot projects that treat data as an economic resource.
It proposes an open, shared and secure data market. This includes ways to move data across borders more efficiently.
The policy also covers artificial intelligence and future industries. It calls for full rollout of the “Artificial Intelligence+” action plan. It names AI phones and computers, intelligent vehicles and humanoid robots as areas to speed up.
A proactive plan for future industries such as quantum computing was also requested. This includes exploring market rules for those sectors. Authorities were also asked to use existing fiscal policy and encourage long-term private investment.
Earlier Blockchain and Digital Yuan Steps
China has already moved on blockchain in business finance. In April, the State Administration of Taxation and the National Financial Regulatory Administration encouraged blockchain-based tax data sharing. The goal was to help banks assess small business borrowers.
The digital yuan has also grown. On Aug. 17, the People’s Bank of China approved eight more banking operators. That raised the total from 22 to 30.
The new operators include Ping An Bank, Hengfeng Bank and Bank of Shanghai. Customer services depend on each bank finishing technical preparations.
In January, the central bank made verified digital yuan wallets eligible to earn interest. Qualifying balances now fall under deposit insurance.
In Guangdong, a draft plan for 2026 to 2030 includes cross-border digital yuan trials in its free trade zone. In July, ICBC branches in Shanghai and Singapore settled nearly 10 million yuan in shipping fees through a digital currency platform.
Crypto remains restricted. A February notice extended oversight to stablecoins and tokenized assets. It requires authorization to issue offshore renminbi-pegged stablecoins and keeps limits on virtual currency businesses and mining.
The latest development came on Oct. 9, when Xinhua published the policy opinion calling for the national blockchain network.
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