The central bank just said that RWA is strictly prohibited. On February 7th, the China Securities Regulatory Commission issued document No. 20261, which is too fast.This is a standard combination of rights. This regulatory guidance on domestic assets and overseas issuance of asset-backed securities tokens contains a wealth of information. The core is three sentences: first, the road is not dead, but the door is very narrow. The CSRC did not completely eliminate RWA but provided a path for record filing. If you want to package domestic photovoltaic power plants into tokens to sell overseas, you can do so.But strict record filing is required. You have to strip everything bare and show the CSRC whose money the assets are, how they were preserved, and whether there are any risks.If you issue tokens without registration, that is illegal fundraising. Second, there is a penetrating arrest. Don't think that by registering a company in the Cayman Islands, you can avoid regulatory guidance. It is very clear that as long as the underlying assets are within the territory or the actual controllers are within the territory, you must abide by China's rules. This is called global regulation of domestic assets. Third, five types of people, directly marked with a red card, those who have embezzlement and bribery within three years, those under investigation, and those with unclear asset ownership, should not even think about it.Especially those related to national security and data security, are not to be touched at all. The first document from the CSRC has given the r w a track a red-green light and cameras; only the cleanest assets and the most compliant teams can obtain this ticket to go overseas. The second half of wed is the world of the compliant.

Writing is not easy; the partners who pass by leave traces of attention.