Odaily Planet Information: Caixin Community printed an article titled “The Chinese language Authorities Permits Home Property to Concern RWA Abroad; RWA Regulatory Framework Introduced,” which states: The issuance of RWA (tokenization of real-world belongings) by home belongings abroad will not be a grey space. Regulators consider that debt-type RWA, equity-type RWA, and asset securitization-type RWA needs to be regulated in accordance with the precept of “identical enterprise, identical threat, identical guidelines,” and be topic to the identical authorized and regulatory oversight as their corresponding conventional financing companies. Due to this fact, debt-type RWA will fall below the supervision of the Nationwide Growth and Reform Fee; equity-type RWA and asset securitization-type RWA will fall below the supervision of the China Securities Regulatory Fee. Like conventional abroad financing actions, abroad RWA additionally includes the repatriation of funds raised overseas, which can be supervised by the State Administration of International Alternate. Different types of RWA can be regulated by the China Securities Regulatory Fee in coordination with related departments in line with their respective duties.
Briefly, RWA of overseas debt sort, RWA of fairness sort, RWA of asset securitization sort, and different types of RWA. The primary three respectively correspond to conventional abroad financing companies, the place enterprise overseas debt is registered and examined by the Nationwide Growth and Reform Fee, inventory issuance is examined by “inventory exchanges and registered by the China Securities Regulatory Fee”, asset securitization is examined by inventory exchanges, and different conditions besides these three are categorized because the fourth sort.
