The overwhelming majority of Chinese ICO start-ups fully refunded funds to investors who participated in their initial coin offering (ICO). This is reported by the ETHNews referring to the local news agency Xinhua.
As noted by the agency, by now more than 90% of the projects that carried out the ICO in the PRC have fully compensated for the funds invested. Moreover, some crypto exchanges also began to return users funds for the tokens they bought. This, in turn, indicates that the ban on holding the ICO and the process of closing stock exchanges in China is rigorously implemented in practice.
Also, the Xinhua News Agency reports that of the 17 exchanges operating in China, four have completely ceased their activities by this time. The remaining trading floors are actively preparing for this and have already announced the date of the suspension of operations.