中国证监会发布《关于境内资产境外发行资产支持证券代币的监管指引》

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines for the issuance of asset-backed securities tokens abroad based on domestic assets, emphasizing strict compliance with laws and regulations to prevent speculation and protect economic order and public interests [1][3]. Group 1: Regulatory Framework - The guidelines define asset-backed securities tokens as rights certificates issued abroad, supported by cash flows from domestic assets or related rights, utilizing encryption and distributed ledger technology [3][4]. - Entities engaging in this activity must adhere to regulations regarding cross-border investment, foreign exchange management, and data security, and must complete necessary approvals and filings [3][4]. Group 2: Prohibited Conditions - Certain conditions disqualify domestic entities from conducting related business, including legal prohibitions on capital market financing, potential threats to national security, and recent criminal activities by the controlling parties [4][5]. - The CSRC will conduct strict oversight of these activities and requires domestic entities to file for approval, providing comprehensive information about the asset and token issuance plan [4][5]. Group 3: Filing and Reporting Requirements - Domestic entities and their executives must ensure the accuracy and completeness of filing materials, with the CSRC responsible for notifying any deficiencies [5]. - After filing, entities must report significant events such as the completion of overseas issuance or any major risks to the CSRC [5][6]. Group 4: International Cooperation - The CSRC will enhance cross-border regulatory cooperation and information sharing with foreign securities regulatory bodies to mitigate risks associated with the issuance of asset-backed securities tokens abroad [6].