CITIC Bank Unveils China's First Block Chain LOC Information Transmission System
Chen Juan
/SOURCE : Yicai
CITIC Bank Unveils China's First Block Chain LOC Information Transmission System

(Yicai Global) July 31 -- China CITIC Bank Corp. [SHA:601998] has rolled out the country's first block chain-based letters of credit (LOC) information transmission system – the first time that a Chinese bank has applied block chain technology to LOC settlement.

China Minsheng Banking Corp. [SHA:600016] has also introduced the system.

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Keywords: MSCI , LOC , Bank