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海南政府 Partners with Blockchain Leaders: A New Era for Digital Asset Innovation

In recent years, Hainan has emerged as a pivotal hub for blockchain innovation and digital asset experimentation in China. With strong governmental support and strategic collaborations with leading blockchain enterprises, the region is positioning itself at the forefront of a technological and economic transformation. This article explores how Hainan’s progressive policies are catalyzing growth in the blockchain space, driving partnerships with major players like OKX (formerly OK Group) and Huobi, and creating new opportunities for tech-forward companies such as Hengjiu Technology.

Hainan’s Vision: A Global Blockchain Innovation Hub

At the Blockchain & Digital Asset Trading Technology Innovation Summit held in Sanya, Hainan unveiled its ambitious roadmap to become a national model for blockchain research, application, and digital asset trading. Senior officials, including Deputy Governor Wang Lu and Sanya Mayor Dong A, emphasized the province’s goal to establish itself as a "National Blockchain Research and Application Demonstration Center" and a "Digital Asset Trading Demonstration Zone."

This vision is backed by concrete actions. The launch of the Hainan International Offshore Innovation and Entrepreneurship Demonstration Zone marks a significant step toward building a regulatory-sandbox environment where blockchain startups and digital asset platforms can operate under controlled, innovation-friendly conditions.

👉 Discover how global innovators are leveraging regulated environments for blockchain growth.

Strategic Partnerships Fueling Growth

One of the most notable developments at the summit was the signing of strategic cooperation agreements between Sanya City and top-tier tech firms, including OK Group (now known as OKX) and Tianya Community. OKX announced plans to establish an Offshore Blockchain Digital Asset Trading Laboratory in Sanya—a move signaling its commitment to compliant, research-driven innovation.

This laboratory will serve as a testing ground for new trading mechanisms, smart contract applications, and cross-border digital asset solutions, all within a framework aligned with Chinese regulatory expectations.

Meanwhile, Huobi China, which relocated its headquarters to Hainan Eco-Software Park in October 2018, has been a pioneer in establishing a compliant blockchain ecosystem. As one of the first members of the Blockchain-based Service Network (BSN), Huobi continues to drive enterprise-level blockchain adoption across industries.

These developments reflect a broader trend: the institutionalization and regulation of digital asset platforms in China. Unlike earlier unregulated exchanges, today’s leaders are building infrastructure that supports transparency, security, and long-term sustainability.

The Rise of Integrated Digital Asset Platforms

While full-scale cryptocurrency trading remains restricted in mainland China, there's growing demand for professional-grade tools that provide market data, analytics, and portfolio management—services now being offered by next-generation platforms like Biniuniu (CocoBull).

Positioned as the “Tonghuashun of the crypto world + securities firm,” Biniuniu offers users real-time行情 (market data), news insights, fund flow tracking, and unified trading access across multiple exchanges through API integrations. Notably, it was the first mobile app globally to deeply integrate with Huobi Cloud’s Open API, gaining shared liquidity depth and enhanced trading capabilities.

This integration allows users to manage assets from various exchanges under a single account—streamlining what was once a fragmented and complex process.

Hengjiu Technology: Bridging Traditional Enterprises with Blockchain

A key player gaining momentum in this evolving landscape is Hengjiu Technology (stock code: 002808). Through its subsidiary Minbao Security, the company announced a strategic investment of $712,000 in CocoBull Technology Limited to acquire a 5% stake in the platform.

This partnership aims to open new avenues in blockchain integration, digital currency applications, and big data analytics. For Hengjiu Technology—a firm rooted in information security and enterprise services—this marks a bold step into decentralized technologies and digital asset ecosystems.

Industry analysts suggest this move could position Hengjiu as one of the first publicly listed Chinese companies with direct exposure to digital asset exchange infrastructure—potentially earning it the title of "China’s First Digital Asset Exchange Stock."

👉 Explore how traditional tech firms are transforming through blockchain integration.

Regulatory Clarity Paves the Way for Innovation

The past few years have seen intense regulatory scrutiny across the cryptocurrency sector. However, rather than stifling innovation, these measures have encouraged platforms to pursue compliance, transparency, and institutional-grade standards.

As noted by Gao Bin, Deputy Director of the China Communications Industry Association’s Blockchain Committee, "Digital assets are the starting point of blockchain’s transformation of the physical world’s value ecosystem." He believes that asset digitization will enable enterprises to align core values with customer and societal benefits—ultimately giving rise to tech giants comparable to BATJ (Baidu, Alibaba, Tencent, JD).

Models like regulatory sandboxes, offshore labs, and government-backed demonstration zones are proving effective in balancing innovation with oversight. These frameworks allow controlled experimentation while ensuring alignment with national financial stability goals.

Core Keywords Integration

Throughout this evolution, several key themes stand out:

These keywords not only define current industry trends but also reflect user search intent around investment opportunities, regulatory developments, and technological advancements in China’s unique blockchain landscape.

👉 See how compliant platforms are shaping the future of digital finance.

Frequently Asked Questions (FAQ)

Q: Is cryptocurrency trading legal in Hainan?
A: While direct retail crypto trading is not permitted under current Chinese regulations, Hainan supports blockchain research, digital asset pilots, and regulated financial innovation through designated zones and sandbox programs.

Q: What is a blockchain regulatory sandbox?
A: It’s a controlled environment where startups and financial institutions can test new blockchain-based products and services under relaxed regulations and close supervision—ensuring safety while fostering innovation.

Q: How is OKX involved in Hainan’s blockchain development?
A: OKX (formerly OK Group) has partnered with Sanya to establish an Offshore Blockchain Digital Asset Trading Laboratory focused on R&D in secure, compliant trading technologies and decentralized finance applications.

Q: Can Chinese companies legally invest in crypto-related ventures?
A: Yes—while direct involvement in speculative crypto trading is restricted, investments in blockchain infrastructure, data analytics, and enterprise solutions are permitted and even encouraged when aligned with national innovation strategies.

Q: What role does Huobi play in Hainan’s ecosystem?
A: Huobi China serves as a foundational player, having moved its headquarters to Hainan in 2018. It actively promotes blockchain education, industry standards, and enterprise adoption through initiatives like the China Blockchain+ Industry Alliance.

Q: Why is Hainan becoming a blockchain hotspot?
A: Thanks to favorable provincial policies, tax incentives, geographic proximity to Southeast Asia, and strong government backing for tech innovation, Hainan offers a unique blend of opportunity and regulatory clarity for blockchain developers and investors.

This new chapter in China’s digital economy highlights how policy vision, technological advancement, and strategic investment are converging to reshape the future of finance—one block at a time.