A regulatory expert said that real-world assets backed by Hong Kong assets are outside the remit of mainland Chinese authorities. He explained that when RWAs backed by Chinese securities or funds are issued overseas, the China Securities Regulatory Commission would have jurisdiction. Chai Xin said that immediately after the notice’s publication, teams at CICC’s Hong Kong office, blockchain projects, Ant Group, and JD.com showed strong interest in collaborating with major public blockchains and trading platforms amid policy changes. Ant Group and JD.com have also been described as paying close attention to these policy shifts.
Industry participants say the shifts point to broader collaboration as policymakers recalibrate cross-border asset-backed offerings. This underscores growing engagement with overseas blockchain ecosystems as regulatory oversight evolves.
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