Xiao Sa: For assets, if the entity is divided equally, it is a process of financialization and needs to be licensed

According to the live report, Xiao Sa, a senior partner of Beijing Dacheng Law Firm, pointed out in the roundtable forum entitled "Looking at the Possible Path of RWA Linking to New Global Opportunities in the Future": For assets, if the entity is divided into equal parts, it is a process of financialization and needs to be licensed. At present, this field still faces some difficulties, and Hong Kong provides us with a good opportunity. The mainland prefers the written law system and will be more conservative in the face of new products. Hong Kong has less written law and places more emphasis on opportunities. Pay attention to the integration of the two legal systems.