The China Securities Regulatory Commission has released guidelines concerning the overseas issuance of asset-backed security tokens. According to Odaily, these tokens are defined as tokenized equity certificates issued abroad, supported by cash flows generated from domestic assets or related asset rights, utilizing cryptographic technology and distributed ledger or similar technologies.
The issuance of these tokens must strictly adhere to laws, administrative regulations, and relevant policy provisions regarding cross-border investment, foreign exchange management, network, and data security. Additionally, issuers are required to comply with approval, filing, or security review procedures as mandated by the relevant regulatory authorities, ensuring that national interests and public welfare are not compromised.