The Chinese government is expected to keep a wary eye on the country’s mushrooming blockchain-backed “digital collectibles”, but it is unlikely to impose an outright ban on non-fungible tokens (NFTs) as it has done with cryptocurrencies, analysts said. As global interest in NFTs surges, Beijing has kept its attitude vague towards domestic projects. While Chinese authorities reportedly summoned tech companies last October to warn them against “hyping up” the concept, they have stopped short of declaring NFTs illegal. Chinese authorities are trying to ensure that NFTs are safe and controllable, analysts and industry insiders said. “China is cautious about NFTs,”...