According to a report by Caixin, following the joint release of the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (referred to as "Document No. 42") by the People's Bank of China and seven other departments, the regulatory framework for issuing RWA (Real-World Assets) overseas from within China is beginning to take shape. The main tone of Document No. 42 is strict prohibition domestically and strict regulation overseas for RWA. According to individuals familiar with the regulatory landscape, Hong Kong is one of the overseas issuance locations for RWA. RWAs based on assets from 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 underlying assets such as domestic securities or funds being issued overseas in places like Hong Kong. If there were, they would fall under the responsibility of the Institutional Department of the China Securities Regulatory Commission (CSRC). Previously, such activities were entirely prohibited. Now, while it’s no longer stated that they are entirely banned, the issuance of RWAs involving domestic assets overseas is still strictly regulated. This does not imply any form of "encouragement" and should absolutely not be interpreted as "promoting development." https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57026