Using blockchain technology, Panzhihua Iron & Steel issued 140 million yuan of ABN bonds

According to the Beijing News, on November 21, the reporter was informed that Sichuan Pangang Group Co., Ltd. (Pangang) successfully issued the Huixin Supply Chain Oriented Asset Support Notes (hereinafter referred to as “ABN Debt”). Tianfu Huirong, a subsidiary of Panzhihua Iron & Steel Co., Ltd., was granted a quota of 4 billion yuan of ABN debts from the China Association of Banking Market Dealers in 2019. This bond is the first in China's capital market to be dominated by core enterprises, using blockchain technology to penetrate multi-level customers in the service industry chain.