The China Securities Regulatory Commission (CSRC) has released new guidelines for the issuance of asset-backed securities tokens overseas by domestic assets. These guidelines require that such issuances use cash flow from domestic assets or related rights as repayment support, leveraging cryptographic and distributed ledger technologies to issue tokenized equity certificates abroad. The CSRC mandates strict compliance with cross-border investment laws, foreign exchange management, and data security regulations. Domestic entities must file with the CSRC before initiating any related business, providing comprehensive documentation and ensuring the accuracy and completeness of all submitted materials. The guidelines emphasize that these activities must not harm national or public interests.