CHINA CRACKS DOWN HARD ON RWAS: HONG KONG THE ONLY SAFE HAVEN?!
Onshore prohibition. Offshore strict regulation. Document 42 is here. This is NOT encouragement. It's a seismic shift. Hong Kong is the only game in town for RWA issuance now. Assets based in Hong Kong are out of Document 42's reach. This means a massive regulatory divergence. The days of loose oversight are OVER. Get ready for a brutal crackdown on anything not conforming. This is your final warning.
Disclaimer: Not financial advice.
