On Wednesday, the China Banking Association and two other Chinese financial associations published a notice warning of the financial risks involved with blockchain-based digital tokens and non-fungible tokens (NFTs). The statement called for relevant parties to apply the technology in enabling the development of the real economy. The industry associations also said any efforts to securitize NFT products would be prohibited. Companies and institutions are banned from setting up listing or trading platforms for NFT products in China. In addition, the regulators require real-name registration for any issuers, buyers, and sellers of NFT tokens, a measure they say is aimed at preventing money laundering. [Securities Daily, in Chinese]