The CSRC releases "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets"

Odaily Planet Daily reports that the China Securities Regulatory Commission has issued the “Guidelines on the Regulation of Domestic Assets Issuing Asset-Backed Securities Tokens Overseas.” The guidelines state that domestic assets issuing asset-backed securities tokens abroad refers to activities where tokens representing rights to assets or related rights are issued overseas, with cash flows generated from domestic assets or related rights serving as repayment support, utilizing encryption technology and distributed ledger or similar technology. When domestic assets are used to issue asset-backed securities tokens abroad, they must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network and data security, and other applicable regulations. They should also follow procedures such as approval, filing, or security review required by relevant regulatory authorities, and must not harm national interests or social public interests.