Penghua Fund filled and application to China Securities Regulatory Commission (CSRC) to List an Blockchain Exchange Traded Fund (ETF).

The Firm that is under management of $80 Billions in customers assets, managing 159 public funds,10 National social insurance Investment portfolios and 4 basic pension Investments portfolio may become the First Chinese ETF based in Blockchain.

As the country slowly emerging into a Blockchain Industry,more companies will use the Tech to maximize their services and move on to embrace it,as the Endorsement of the country's Leader Xi Jinping advise "all China must wake up and be Pioneer in the adoption of Blockchain to develop their services and industry.

If the Maximum Authority in the country approve the application from Penghua assets management Firm,they may renamed Penghua Shenzhen stocks Blockchain ETF's.

There are at least 7 Blockchain ETF's operating in the world and the most notable is the Invescos-Elwood's Fund that's listed on the London Stock Exchange,and Penghua may become one of Them!