Caixin: Document No. 42 emphasizes strict regulation of overseas RWA, China International Capital Corporation Hong Kong has already engaged with public chains and exchanges

2026-02-21 12:56:40

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Odaily Planet Daily reports that during the week of the release of the “Notice on Further Preventing and Disposing of Risks Related to Virtual Assets” (Document No. 42), the China International Capital Corporation Hong Kong team has engaged with multiple public blockchains and exchanges to explore potential business collaborations. Additionally, some blockchain project leaders expressed a desire to explore cooperation opportunities with intermediary institutions such as investment banks. Institutions like Ant and JD.com also showed interest in policy changes.

The report states that Hong Kong is one of the offshore issuance locations for RWA. Insiders familiar with regulatory matters indicated that RWA backed by Chinese Hong Kong assets are not within the scope of regulation under Document No. 42; if domestic securities or funds are used as underlying assets and RWA is issued offshore, the relevant departments of the China Securities Regulatory Commission are responsible. The statement emphasizes that strict regulation will be enforced on the outbound transfer of domestic assets for RWA, and this should not be interpreted as an encouragement or relaxation of regulatory oversight. (Caixin)

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