Mainland enterprises' RWA business in Hong Kong is "frozen", and the number of inquiries has plummeted by more than 90%
2025-12-11 11:37:25
On December 11, according to the first financial report, recently, seven financial industry associations jointly issued a risk warning, explicitly prohibiting domestic participation in virtual currency and real-world asset (RWA) token issuance and trading activities. After the regulatory tone was set, the RWA business of mainland enterprises in Hong Kong was completely cold, and industry insiders revealed that the number of inquiries plummeted by more than 90%. Many projects that have been approached have been asked to be suspended. Related concept stocks fell back in response, and higher points such as Langxin Group and GCL Energy Technology were halved. Some companies have turned to exploring RDA (real data assets) as an alternative direction.
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