China’s Securities Regulator has told some stockbrokers to stop their real world asset (RWA) Tokenization businesses in Hong Kong, Reuters reported Monday.
According to the report, at least two stock market runners have been advised who do not carry out any RWA business on the high seas, citing familiar sources with the matter.
The guide aims to strengthen risk management among companies that wish to take advantage of the proliferation of digital assets in the special administrative region of Hong Kong.
Several Chinese companies, including corridoria, have launched RWAS in Hong Kong in recent months.
The move of the China Stock Regulatory Commission (CSRC) He suggests concern in Beijing about the progress of Hong Kong towards the organization of a booming digital asset market.
China prohibited mining and cryptocurrency trade in 2021 for concerns of potential destabilization of its financial system.
Hong Kong has his own financial system, separated from the Chinese continent as part of the frame of “a country, two systems.”
