coin-img-ETHETH-5.35%coin-img-BTCBTC-2.51%coin-img-UCNUCN+0.38%coin-img-SOLSOL-5.12%coin-img-XRPXRP-0.40%coin-img-USDCUSDC+0.00%coin-img-RAVERAVE+1,074.60%coin-img-ADAADA-4.60%coin-img-ETHETH-5.35%coin-img-BTCBTC-2.51%coin-img-UCNUCN+0.38%coin-img-SOLSOL-5.12%coin-img-XRPXRP-0.40%coin-img-USDCUSDC+0.00%coin-img-RAVERAVE+1,074.60%coin-img-ADAADA-4.60%coin-img-ETHETH-5.35%coin-img-BTCBTC-2.51%coin-img-UCNUCN+0.38%coin-img-SOLSOL-5.12%coin-img-XRPXRP-0.40%coin-img-USDCUSDC+0.00%coin-img-RAVERAVE+1,074.60%coin-img-ADAADA-4.60%coin-img-ETHETH-5.35%coin-img-BTCBTC-2.51%coin-img-UCNUCN+0.38%coin-img-SOLSOL-5.12%coin-img-XRPXRP-0.40%coin-img-USDCUSDC+0.00%coin-img-RAVERAVE+1,074.60%coin-img-ADAADA-4.60%

China's Dec. 11 RWA token ban halts mainland firms' Hong Kong expansion plans

Mainland Chinese companies seeking to develop real-world asset (RWA) token businesses in Hong Kong have seen activity stall after seven financial industry associations jointly issued a risk alert on Dec. 11 explicitly barring domestic participation in virtual currency and RWA token issuance and trading, Yicai reports via BlockBeats. Industry insiders said inquiries from mainland firms about Hong Kong RWA projects have plunged by more than 90%, with many previously discussed deals now on hold. Related concept stocks fell in response, with Langxin Group and GCL Energy Technology dropping roughly 50% from recent highs, while some companies have begun exploring real data asset (RDA) projects as an alternative.
RWA
RWA-1.71%
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