China Securities Regulatory Commission issues Regulatory Guidelines on the Issuance of Asset-Backed Securities Token Offering Overseas Using Domestic Assets.

On February 6, the China Securities Regulatory Commission released the "Regulatory Guidelines on the Overseas Issuance of Asset-Backed Securities Tokenized by Domestic Assets." The guidelines define the issuance of asset-backed securities tokens overseas with domestic assets as activities that use the cash flow generated by domestic assets or related asset rights for payment support, utilizing encryption technology and distributed ledger or similar technology to issue tokenized equity certificates abroad. Issuance of asset-backed securities tokens overseas with domestic assets must strictly comply with laws, regulations, and relevant policies on cross-border investment, foreign exchange management, network and data security, fulfill the approval, filing, or security review procedures required by the aforementioned regulatory authorities, and not harm national interests and public interests. The original text includes further details and guidelines on the regulation of overseas issuance of asset-backed securities tokens with domestic assets to prevent speculation risks, protect economic and financial order, and safeguard the public's property security.