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But the pilot tests are routine work in the research and development process, which should not be confused with the official launch of a digital currency, Yi said.

But there was a divergence in the performance of listed companies in the blockchain industry as of Wednesday. Many technology stocks retreated while a few continued to rise. Shares of blockchain-linked companies on the Chinese mainland fell nearly 4 percent on Thursday.

By 2 pm Wednesday, the average wholesale price of pork, a staple meat in China, went down 1.1 percent to 46.77 yuan (.88) per kg, and that of eggs rose 0.1 percent to 8.37 yuan per kg.

But the timing couldn’t be better. Chinese mega-tech conglomerate Alibaba is gearing?up to stage what could be the largest technology IPO in the U.S. as soon as August. That means, Amazon’s Chinese peer in e-commerce, cloud and payments will be entering the U.S. in a significant way.

But there are no hard feelings. In fact, Gensler wasn't afraid to admit that his company had messed up.