CSRC: Strict regulation of the issuance of asset-backed securities tokens for domestic assets abroad in accordance with laws and regulations

The China Securities Regulatory Commission (CSRC) issued the "Regulatory Guidelines on the Offshore Issuance of Asset-Backed Securities Tokens for Domestic Assets." It mentions that the CSRC will conduct strict regulation of the offshore issuance of asset-backed securities tokens for domestic assets in accordance with laws and regulations.

Before engaging in relevant business, the domestic entity that actually controls the underlying assets must file with the CSRC and submit the required filing report, complete set of offshore issuance materials, and other relevant documents, fully explaining the information of the domestic filing entity, underlying asset information, token issuance plan, and so on. The domestic filing entity and its controlling shareholders, actual controllers, directors, supervisors, senior management personnel, as well as relevant intermediary institutions must ensure that the filing materials provided are true, accurate, and complete, and must not contain false records, misleading statements, or significant omissions.