On February 6, Chinese authorities issued Document No. 42, repealing the 2021 "924 Notice" and introducing new regulations on real-world asset tokenization (RWA). While the ban on cryptocurrencies remains, the document marks the first formal definition and regulation of RWA activities in China. These activities are permitted if conducted on approved financial infrastructure and under regulatory oversight. The new rules also establish a filing-based framework for the offshore tokenization of onshore Chinese assets. This development indicates a shift from previous blanket bans towards a more regulated and compliant approach to asset tokenization, reflecting China's evolving stance on integrating blockchain technology within its financial system.