证监会：境内资产境外发行资产支持证券代币，应当严格遵守跨境投资等法律

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines for the issuance of asset-backed security tokens overseas based on domestic assets, emphasizing compliance with laws and regulations related to cross-border investment, foreign exchange management, and data security [2] Group 1: Regulatory Framework - The guidelines define asset-backed security tokens as rights certificates that utilize domestic assets or related cash flows as payment support, employing encryption and distributed ledger technology for overseas issuance [2] - Strict adherence to legal and regulatory requirements is mandated, including approval, filing, or security review processes, to ensure no harm to national interests or public welfare [2] Group 2: Prohibited Conditions - Certain conditions disqualify domestic entities from engaging in related business, including: - Prohibition of financing through capital markets as per laws or regulations [2] - Potential threats to national security identified by relevant government departments [2] - Criminal activities such as corruption or embezzlement by the domestic entity or its controlling shareholders within the last three years [2] - Ongoing investigations into criminal or significant legal violations without a clear conclusion [2] - Major ownership disputes regarding the underlying assets or assets that cannot be legally transferred [2] - Situations that fall under the negative list for domestic asset securitization [2] Group 3: Compliance Requirements - Domestic entities intending to issue asset-backed security tokens must file with the CSRC, providing comprehensive reports and documentation regarding the underlying assets and token issuance plans [2] - The domestic entities and their key personnel, as well as related intermediaries, are required to ensure the accuracy and completeness of the submitted materials, avoiding any false statements or significant omissions [2]