中国证监会：严管境内资产通过加密、区块链技术在境外代币化发行！“不得损害国家利益与社会公共利益”

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines to manage the issuance of tokenized securities abroad that are backed by domestic assets, aiming to prevent speculative risks associated with virtual currencies and maintain financial order and public asset safety [2]. Regulatory Scope - The new regulations cover tokenized equity certificates issued abroad that are backed by cash flows generated from domestic assets. Such activities must comply with cross-border investment, foreign exchange management, and data security regulations, and require necessary approvals and safety reviews [2]. Prohibited Circumstances - Six specific scenarios are explicitly prohibited, including: - Entities or assets that are banned from financing by the state - Activities that may endanger national security - Entities with criminal records related to corruption in the past three years - Ongoing investigations for major illegal activities that are unresolved - Assets with ownership disputes or that are legally non-transferable - Types of domestic asset securitization that are restricted [2]. Core Regulatory Mechanism - The core of the regulation is a filing management system, requiring entities that control relevant assets domestically to submit complete and truthful filing reports and issuance materials to the CSRC. Approved filings will be publicly disclosed, and non-compliant entities will not be allowed to file [2]. Risk Reporting and Collaboration - After filing is completed, any significant risks or major events must be reported promptly. Additionally, the CSRC will enhance collaboration with overseas regulatory bodies to share information and prevent cross-border risk transmission, while legally combating violations [2].