Overview
- China’s Communist Party Central Committee and the State Council, which issued the policy on Oct. 9, made a national blockchain network and a nationwide integrated computing‑power network official state infrastructure objectives.
- The directive names 16 central government departments and 27 centrally administered state-owned enterprises to carry the work but does not specify an operator, technical standards, budget, or timetable for the project.
- The plan builds on the existing Blockchain-based Service Network (BSN) and keeps strict prohibitions on crypto tokens while treating the network as data and industrial infrastructure separate from the digital yuan payment rails.
- The policy calls for rules on data property rights, pilot projects to treat data as an economic asset, and mechanisms for cross-border data flows, a design that will be shaped by forthcoming agency rules and local hub pilots such as Shanghai’s proposed node.
- Near-term stakes include which agencies and SOEs set the standards, how pilots affect manufacturers and banks that share tax and lending data, and whether the program consolidates state control over data markets and cross-border data access.