CSRC: Strict Regulation of Overseas Issuance of Asset-Backed Security Tokens for Domestic Assets in Accordance with Laws and Regulations

Odaily News The China Securities Regulatory Commission (CSRC) has issued the "Regulatory Guidelines on Overseas Issuance of Asset-Backed Security Tokens for Domestic Assets." It states that the CSRC will strictly regulate the overseas issuance of asset-backed security tokens for domestic assets in accordance with laws and regulations. Before conducting related business, the domestic entity that actually controls the underlying assets must file a record with the CSRC, submitting required materials such as the filing report and the complete set of overseas issuance documents. These materials must fully disclose information about 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, and relevant intermediaries must ensure that the submitted filing materials are truthful, accurate, and complete, with no false records, misleading statements, or material omissions.