CSRC: Strictly regulate the legal issuance of asset-backed securities tokens on domestic assets abroad in accordance with laws and regulations

Odaily Planet Daily reports that the China Securities Regulatory Commission has issued the “Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets.” It states that the China Securities Regulatory Commission will strictly regulate the offshore issuance of asset-backed securities tokens for domestic assets in accordance with laws and regulations. Before conducting related business, the domestic entity that controls the underlying assets must file a record with the China Securities Regulatory Commission, submitting the required filing report, a complete set of offshore issuance documents, and other relevant materials, clearly 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 intermediary agencies must ensure that the submitted filing materials are true, accurate, and complete, and must not contain false records, misleading statements, or significant omissions.