I am not sure about the truthfulness of this new, like many others here are suspecting, because China is one of those countries that are quite aggressive with locking out ICOs in their country. I think they are planning to introduce and develop projects of their own, so they lock out others. That's why I have noticed that many ICOs are restricted in users from China, which only goes to show that there is seemingly a wall that precludes developers from opening their projects in China. But, if there is reality to this, it can surely be of help because China is such a big market that it can help the cryptocurrency market to be promoted globally.