[Caixin: Hong Kong is one of the offshore issuance locations for RWA, CICC Hong Kong has engaged with public blockchains and exchanges to explore cooperation] According to Deep Tide TechFlow, on February 21, Caixin published an article titled 'Strict Regulation of Offshore RWA,' which pointed out that 'strict offshore regulation' is the overarching tone of Document No. 42, 'Notice on Further Preventing and Handling Risks Related to Virtual Assets and Other Relevant Issues.' Hong Kong is one of the offshore issuance locations for RWA. According to individuals familiar with the regulatory landscape, RWAs based on assets in Hong Kong are not within the regulatory scope of Document No. 42 and are not under the jurisdiction of domestic regulatory authorities. Currently, there are no RWAs based on domestic securities or funds as underlying assets in Hong Kong or other offshore locations. If there were, they would fall under the responsibility of the Institutional Department of the China Securities Regulatory Commission (CSRC). Furthermore, 'previously, it was entirely prohibited. Now, it is not stated as "entirely prohibited," but there is strict regulation of domestic assets exiting the country as RWAs. This does not imply "encouragement" and must not be interpreted as "promoting development," nor as "going all out," but rather as "strict regulation."' Additionally, according to Caixin, during the weekend when Document No. 42 was released, a team from CICC Hong Kong had already been engaging with major public blockchains and exchanges to explore business cooperation opportunities. Some public blockchain representatives have also expressed their desire to collaborate with relevant investment banks and other intermediaries to explore business opportunities. Companies like Ant Group and JD.com have also shown significant interest in the policy changes.