[Caixin: RWAs Based on Hong Kong Assets Are Not Under the Jurisdiction of Mainland Chinese Regulators] According to Foresight News, Caixin reported that with the joint release of the 'Notice on Further Preventing and Handling Risks Related to Virtual Currencies and Other Related Activities' (referred to as 'Document No. 42') by the People's Bank of China and seven other departments, the regulatory framework for issuing RWAs (Real-World Assets) abroad based on domestic assets in China has begun to take shape. The overarching tone of Document No. 42 is strict prohibition domestically and stringent regulation abroad for RWAs. According to individuals familiar with the regulatory landscape, Hong Kong is one of the overseas issuance locations for RWAs. RWAs based on assets in Hong Kong are not within the regulatory scope of Document No. 42 and are not under the jurisdiction of mainland Chinese regulators. Currently, there are no RWAs based on underlying assets such as domestic securities or funds issued in Hong Kong or other overseas locations. If such cases arise, they would fall under the responsibility of the Institutional Department of the China Securities Regulatory Commission (CSRC). Additionally, 'previously, it was entirely prohibited.' Now, 'it is not stated that everything is prohibited,' but the issuance of RWAs involving domestic assets abroad is strictly regulated. This does not imply any form of 'encouragement' and must not be interpreted as 'promoting development.'