With a total financing of 160 million, China's largest blockchain investment went to Jinqiu Shares

On December 15, the NEEQ-listed company Jinqiu Shares (837901) officially released a financing plan totaling RMB 140 million, and the total amount of financing has reached RMB 160 million. This technology company, known as the "first blockchain stock on the NEEQ", has once again set a new record for the cumulative financing of a single blockchain project in China with its huge financing scale.

Public information shows that Jinqiu Shares is a financial technology company registered in the Shanghai Free Trade Zone at the end of 2013. When it was officially listed on the New Third Board on July 18 this year, Jinqiu Shares caused a sensation and was dubbed by many media as "the youngest New Third Board company", "the first New Third Board company in the Free Trade Zone", and "the first blockchain stock on the New Third Board".

It is understood that the record was created by A-share listed company Zhongnan Construction (000961) leading the 100 million fixed increase financing, and the follow-up investment institution is the well-known Xingzao Capital in the industry. This round of funds will be mainly used for the commercial landing project of Jinqiu Shares' blockchain - RobotABS asset securitization intelligent cloud platform.

Technology serves finance, and the "first blockchain stock on the New Third Board" focuses on the future

In recent years, new technologies such as big data, blockchain, cloud computing, and artificial intelligence have developed rapidly, bringing new changes to traditional finance. The integration of technology and finance is the main theme of Fintech development. Vigorously deploying financial technology is the strategic positioning of Jinqiu Shares.

At present, Jinqiu shares has strong technical strength and market accumulation in the fields of financial informatization such as payment, credit, financial big data, taxation, etc., and its business covers two major business directions: financial informatization and financial technology. The company has gathered domestic and foreign technology experts in innovative fields such as blockchain, artificial intelligence and big data, and is also absorbing business experts from financial institutions such as banks, securities companies, and trusts.

As blockchain is a hot topic in current financial technology, Jinqiu Co., Ltd. has already made its layout.

At the beginning of this year, Jinqiu Co., Ltd. formulated a blockchain strategy of "based on domestic products, interacting with Silicon Valley, focusing on technology, and paying attention to scenarios", and joined the Blockchain Technology Standards Forum of the Ministry of Industry and Information Technology, the Financial Blockchain Alliance (Shenzhen) and the Hyperledger project of the Global Linux Foundation, maintaining the company's leading position in blockchain technology, business and standards.

In October this year, Jinqiu Co., Ltd. released its self-developed blockchain technology platform XingChain, which provides a set of completely independent and controllable blockchain underlying infrastructure for financial services. Based on XingChain, Jinqiu developed the Xinghai digital asset trading platform, which is positioned as a comprehensive service for digital asset registration and trading. (Babbitt reported: Jinqiu Co., Ltd., which focuses on financial technology services, launched the blockchain platform Xinghai. Can it accelerate the implementation of financial scenarios?)

At the same time, the company also provides blockchain technology output based on Starfish Chain and is currently working with China UnionPay to develop a blockchain-based UnionPay credit card alliance points platform, which is expected to be launched in early 2017.

China's first commercial application of financial blockchain is about to be launched

According to the financing plan, the main project of this financing is a platform called RobotABS, which aims to use Fintech technology to create an intelligent cloud platform for the securitization of small and micro assets and consumer financial assets.

"From the early stage of importing data and risk control into the asset pool, to product design and issuance, and then to the later stage of real-time dynamic monitoring of the cash flow generated by the underlying assets, RobotABS will integrate all links in the asset securitization industry chain." said Zuo Peng, CEO of Jinqiu Co., Ltd.

According to information, Zuo Peng has been deeply engaged in the field of financial informationization for eleven years, and has served as general manager of ChinaSoft International Financial Business Cluster and deputy general manager of Beijing Kelan Software.

According to Zuo Peng, RobotABS will use the three "black technologies" of Jinqiu's independently developed big data risk control platform, artificial intelligence and financial cloud.

“The multi-centralized and tamper-proof characteristics of the blockchain alliance chain can solve the mutual trust mechanism of transactions between the participants and improve the efficiency of transactions. By using blockchain distributed ledger technology and introducing multi-party accounting nodes, it is possible to record the changes in the asset pool on the blockchain after the issuance of ABS securities, which can be traced and audited. In addition, the ABS securities purchased by investors are also registered on the blockchain, realizing the digital registration and transfer of assets.”

Known as the "first blockchain stock on the New Third Board", Jinqiu Co., Ltd. has achieved several times the performance growth in just three years since its establishment. It serves more than 70 banks and financial institutions around the world, ranks first in the central bank's cross-border RMB payment CIPS system market, and second in the financial institution business tax reform project market.

Regarding this round of financing, Zuo Peng said that this is Jinqiu Co., Ltd.'s "small goal of 100 million yuan". In the future, Jinqiu Company will "adhere to the mission of using technology to serve finance and use innovation to repay society" to create better products and services for customers and society.

China South Construction accelerates the layout of "big data"

As another protagonist in this financing "drama", China South Construction (000961) is currently actively deploying in the global "big data" field, especially the blockchain field.

Not long ago, Zhongnan Construction disclosed that it had invested in PeerNova, a blockchain technology company focusing on bank auditing in Silicon Valley, USA. The investment in Jinqiu Shares shows Zhongnan Construction's firm determination to accelerate its layout in the financial blockchain field. It can be foreseen that Zhongnan Construction will continue to pay attention to blockchain companies with core technologies in the future and accelerate its business layout and industry cultivation in the blockchain field.
In addition, after acquiring shares in Jinqiu as a strategic investor, China South Construction will also bring more strategic resources to Jinqiu Holdings in the future.

Zhongnan Group stated that it will rely on the group's resources in real estate REITs, hotel chains, co-working spaces, supply chain finance, factoring and other fields, make full use of Jinqiu Group's blockchain technology, and combine it with previously invested companies to increase integration, build the company's core competitiveness in the fields of big data and blockchain, and fully support Jinqiu Group in building China's first asset securitization platform.