csrc
61 views
3 Discussing
Hot
Latest
China Clarifies Regulatory Oversight for #RWA Issuance
According to reports, Chinese regulators have formally clarified the regulatory framework for cross-border issuance of RWA (Real-World Assets), ending long-standing regulatory ambiguity.
Under the new guidelines, debt-based RWA will fall under the supervision of the National Development and Reform Commission (#NDRC ), while equity-based and asset-backed securities RWA will be regulated by the China Securities Regulatory Commission (#CSRC ), following the principle of “same business, same risk, same regulation.”
The framework also notes that cross-border fundraising and capital repatriation related to overseas RWA issuance will remain subject to #ForeignExchange controls, with other RWA structures supervised by relevant authorities based on their specific nature.
According to reports, Chinese regulators have formally clarified the regulatory framework for cross-border issuance of RWA (Real-World Assets), ending long-standing regulatory ambiguity.
Under the new guidelines, debt-based RWA will fall under the supervision of the National Development and Reform Commission (#NDRC ), while equity-based and asset-backed securities RWA will be regulated by the China Securities Regulatory Commission (#CSRC ), following the principle of “same business, same risk, same regulation.”
The framework also notes that cross-border fundraising and capital repatriation related to overseas RWA issuance will remain subject to #ForeignExchange controls, with other RWA structures supervised by relevant authorities based on their specific nature.
China calls to pause RWA businesses in Hong Kong
Chinese regulator, the China Securities Regulatory Commission (CSRC), has informally instructed at least two major brokerages to temporarily halt their real-world asset (RWA) tokenization businesses in Hong Kong.
The tokenization of RWAs refers to converting traditional assets such as stocks, bonds, real estate, land, or others into digital tokens that can be traded on blockchains.
Beijing is expressing concern over risk management, including that the claims (the promises or assertions made by companies about what they are tokenizing) are legitimate, that the backing of the assets is real, that there is transparency in the processes, and that there is no excessive exposure to uncontrolled offshore risk.
The tokenization of RWAs refers to converting traditional assets such as stocks, bonds, real estate, land, or others into digital tokens that can be traded on blockchains.
Beijing is expressing concern over risk management, including that the claims (the promises or assertions made by companies about what they are tokenizing) are legitimate, that the backing of the assets is real, that there is transparency in the processes, and that there is no excessive exposure to uncontrolled offshore risk.
Login to explore more contents