Caixin: Chinese Government Allows Onshore Assets to Back Overseas RWA Issuance, Regulatory Framework Released

BlockBeats News, February 7th. According to Caixin, based on the CSRC's Announcement No. 1 of 2026, "Regulatory Guidelines on Domestic Assets Issuing Asset-Backed Security Tokens Overseas," foreign debt RWA is classified under the NDRC's supervision; equity RWA and asset securitization RWA are classified under CSRC's supervision. Similar to traditional overseas financing business, overseas RWA also involves the issue of repatriating funds raised from abroad, which is regulated by SAFE. Other forms of RWA are supervised by CSRC and relevant departments according to their respective responsibilities.

Analysis points out that conducting coin issuance financing through licensed exchanges in Hong Kong is more in line with China's strategic objectives. Currently, the HKEX has a monopoly on the Hong Kong stock market, and it should also allow licensed cryptocurrency exchanges to conduct token transactions with equity as the underlying asset.