The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines on the issuance of asset-backed securities tokens overseas by domestic assets.

The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines on the issuance of asset-backed securities tokens overseas by domestic assets. The guidelines define the issuance of asset-backed securities tokens overseas by domestic assets as activities that use the cash flow generated by domestic assets or related asset rights as repayment support, and utilize cryptographic technology and distributed ledger or similar technologies to issue tokenized equity certificates overseas. Domestic assets issuing asset-backed securities tokens overseas must strictly comply with laws, administrative regulations, and relevant policies concerning cross-border investment, foreign exchange management, and network and data security, and fulfill the approval, filing, or security review procedures required by the aforementioned regulatory authorities. Such issuances must not harm national interests or the public interest.