星球日报|Feb 21, 2026 12:52
[Caixin: Document No. 42 Emphasizes Strict Regulation of Overseas RWA, CICC Hong Kong Has Engaged with Public Chains and Exchanges]
Odaily Planet Daily reports that during the weekend following the release of the 'Notice on Further Preventing and Handling Risks Related to Virtual Assets and Other Relevant Issues' (Document No. 42), the relevant team from CICC Hong Kong had already engaged with multiple public chains and exchanges to explore potential business cooperation opportunities. Additionally, a representative from a public chain expressed interest in exploring related collaboration opportunities with investment banks and other intermediary institutions. Institutions such as Ant Group and JD.com have also shown concern regarding the policy changes.
The report states that Hong Kong is one of the overseas issuance locations for RWA. According to individuals familiar with the regulatory framework, RWAs based on assets from Hong Kong, China, are not within the regulatory scope of Document No. 42. However, if domestic securities or funds are used as underlying assets for RWA issuance overseas, the relevant departments of the China Securities Regulatory Commission (CSRC) will be responsible. The related statements emphasize that strict regulation will be implemented for the outbound transfer of domestic assets for RWA purposes, and this should not be interpreted as a signal of encouragement or regulatory relaxation. (Caixin)
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