(Yicai Global) Oct. 12 -- China's mainland stock markets continued to rise at opening this morning after gaining on the last trading day, led by fintech firms related to blockchain technology as the imminent official launch of a crypto-yuan appears ever more likely.

The Shanghai Composite Index opened at 0.47 percent higher to 3,287.33. The Shenzhen Component Index was at 13,386.34, up 0.73 percent, and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, went up 1.09 percent to 2,702.16.
Shenzhen Forms Syntron Information [SHE:300468], a blockchain-based solution provider, started off 7.25 percent higher and surged to the 20 percent limit up at CNY27.48 (USD4.10) by 9.34 a.m. Brilliance Technology [SHE:300542], a Beijing-based fintech software developer, also hit the 20 percent price ceiling at CNY22.68 by 9.38 a.m.

Editor: Ben Armour