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

PANews reported on February 6th that, according to Jinshi, the China Securities Regulatory Commission (CSRC) has issued the "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, network and data security, and fulfill the approval, filing, or security review procedures required by the aforementioned regulatory authorities, and must not harm national interests or the public interest.

The document states that the China Securities Regulatory Commission (CSRC) strictly regulates the issuance of asset-backed securities tokens overseas by domestic assets in accordance with laws and regulations. Before commencing any related business, the domestic entity that actually controls the underlying assets must file with the CSRC, submitting a filing report, a complete set of overseas issuance documents, and other relevant materials as required, fully explaining the information of the domestic filing entity, the underlying assets, and the token issuance plan. The domestic filing entity, its controlling shareholders, actual controllers, directors, supervisors, senior management personnel, and relevant intermediaries must ensure that the filing materials they provide are true, accurate, and complete, and must not contain any false records, misleading statements, or material omissions.