Reuters: China Securities Regulatory Commission has advised some brokerages to suspend their RWA business in Hong Kong

BlockBeats News, September 22nd, according to Reuters, sources said that the Chinese securities regulator has advised some local brokerages to suspend their Real World Asset (RWA) tokenization business in Hong Kong.

Sources said that in recent weeks, at least two large brokerages have received informal guidance from the China Securities Regulatory Commission to refrain from conducting RWA business overseas. It is currently unclear how long the informal guidance from the Chinese securities regulator regarding the suspension of Hong Kong RWA industry business for some brokerages will last.