# China Report Lists Measures to Tighten RWA and Virtual-Currency Oversight

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/52012
Published: 2026-11-09T02:14:00.000Z
Updated: 2026-11-09T02:14:00.000Z
Section: Regulation

> Dated Nov. 3, the report covers financial work since October 2025 and was presented to the Standing Committee of the 14th National People’s Congress.

A Nov. 3 State Council report listed measures on real-world asset (RWA) tokenization and virtual currencies in its account of China’s financial work since October 2025. It also covered work involving underground banks and virtual-currency mining.

People’s Bank of China Gov. 潘功胜 presented the report on the State Council’s behalf at the 25th meeting of the Standing Committee of the 14th National People’s Congress.

The listed measures included stronger oversight of RWA tokenization, improvements to the virtual-currency regulatory policy framework and analysis of leads involving underground banks connected to virtual currencies. The report also described strengthening a mechanism for routine, full-chain rectification of virtual-currency mining.

Its account of financial work also included a new round of crackdowns on financial-sector criminal networks and the completion of a nationwide campaign against illegal fundraising. The document does not identify a specific new rule for RWA tokenization or virtual currencies, or give a date for an enforcement action tied to the listed measures.