TechFlow news, December 11 — According to Sina Finance, seven financial industry associations recently jointly issued a risk alert, explicitly prohibiting domestic participation in virtual currency and real-world asset (RWA) token issuance and trading activities. After regulatory guidelines were set, mainland Chinese companies' RWA operations in Hong Kong have completely cooled down. Industry insiders revealed that consultation inquiries have dropped by over 90%, and most ongoing projects have been asked to pause. Related concept stocks declined sharply, with Langxin Group and GCL System Energy nearly halved from their peaks. Some companies have begun exploring RDA (real data assets) as an alternative direction.
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