There are many blockchain based projects that have sprung up in CN, but the regulations for those assets has been shaky. Previously there had been rumors that they would be banning all ICOs, and that sent the price of many Chinese blockchain companies tumbling.
However, contrary to these reports, there will not be a blanket ban on ICOs in CN going forward. The Chinese government has assured investors that their precautions were simply meant to weed out bad actors to save potentially vulnerable investors from investing in these new startups.
However, China cryptocurrency regulation for exchanging coins to and from fiat has taken a bit of a hit. Overseas trading platforms and peer to peer operations have faced serious crackdowns and bans. Several Chinese exchanges have also closed up shop, and they will face further regulations from regulators in the future.
While this could make it a little more difficult for these investors to acquire certain coins, it's at least not a death sentence for blockchain startups that are based in the country.