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Reuters: The China Securities Regulatory Commission has requested some brokerages to suspend their RWA operations in Hong Kong.
[Reuters: China Securities Regulatory Commission asks some brokerages to suspend RWA business in Hong Kong] Insiders revealed that the China Securities Regulatory Commission has suggested that some local brokerages suspend their tokenization of Real World Assets (RWA) business in Hong Kong. Sources said that at least two leading brokerages received informal guidance from the China Securities Regulatory Commission in recent weeks, urging them to avoid conducting RWA business overseas. This regulatory guidance aims to strengthen risk management for new businesses and ensure that companies have strong legitimate business support in their statements. (Reuters)