China Clarifies Regulatory Oversight for #RWA Issuance
According to reports, Chinese regulators have formally clarified the regulatory framework for cross-border issuance of RWA (Real-World Assets), ending long-standing regulatory ambiguity.
Under the new guidelines, debt-based RWA will fall under the supervision of the National Development and Reform Commission (#NDRC), while equity-based and asset-backed securities RWA will be regulated by the China Securities Regulatory Commission (#CSRC), following the principle of “same business, same risk, same regulation.”
The framework also notes that cross-border fundraising and capital repatriation related to overseas RWA issuance will remain subject to #ForeignExchange controls, with other RWA structures supervised by relevant authorities based on their specific nature.
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