Jiangsu Securities Regulatory Bureau: All RWA financing within China is illegal
For RWA financing platforms operating domestically, the Jiangsu Securities Regulatory Bureau has unequivocally stated this time: treat it as illegal financial activity across the board.
The interpretation quoted by Securities Times is very direct—this set of phrases, namely “backed by real assets, guaranteed principal and high yields, low risk with steady value appreciation,” is being called out. The underlying rationale is this: the eight ministries and commissions issued a “strict prohibition domestically, stricter oversight abroad” notice on February 8 this year, and a similar warning was also issued by Shenzhen in June. Without filing/recording with consent, even going abroad to do RWA is not allowed to be casually “tacked on” or used as a workaround.
You can’t access any “domestically compliant RWA wealth-management” channel. Put up the poster for guaranteed principal and high yields as a warning flag—don’t mistake concept packaging for permission.
For RWA financing platforms operating domestically, the Jiangsu Securities Regulatory Bureau has unequivocally stated this time: treat it as illegal financial activity across the board.
The interpretation quoted by Securities Times is very direct—this set of phrases, namely “backed by real assets, guaranteed principal and high yields, low risk with steady value appreciation,” is being called out. The underlying rationale is this: the eight ministries and commissions issued a “strict prohibition domestically, stricter oversight abroad” notice on February 8 this year, and a similar warning was also issued by Shenzhen in June. Without filing/recording with consent, even going abroad to do RWA is not allowed to be casually “tacked on” or used as a workaround.
You can’t access any “domestically compliant RWA wealth-management” channel. Put up the poster for guaranteed principal and high yields as a warning flag—don’t mistake concept packaging for permission.
