China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters

At slightest 2 brokerages person been advised not to behaviour immoderate RWA concern offshore, according to the report, citing sources acquainted with the matter

Sep 22, 2025, 12:34 p.m.

China's securities regulator has told immoderate brokerages to intermission their real-world plus (RWA) tokenization businesses successful Hong Kong, Reuters reported connected Monday.

At slightest 2 brokerages person been advised not to behaviour immoderate RWA concern offshore, according to the report, citing sources acquainted with the matter.

The guidance is aimed astatine strengthening hazard absorption among firms wishing to currency successful connected the proliferation of integer assets successful the peculiar administrative portion of Hong Kong.

A fig of Chinese companies, including brokerages, person launched RWAs successful Hong Kong implicit the past fewer months.

The determination from China's Securities Regulatory Commission (CSRC) suggests interest successful Beijing astir Hong Kong's advancement toward hosting a booming integer plus market.

China banned cryptocurrency mining and trading successful 2021 retired of concerns of imaginable destabilization of its fiscal system.

Hong Kong has its ain fiscal system, abstracted from the Chinese mainland arsenic portion of the "One Country, Two Systems" framework.

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