CHINA Trends and Developments Contributed by: Qiao Zhaoshu, Chen Jie and Terri Wang, Beijing Docvit Law Firm
Conclusion In today’s era of rapid technological advancement – with widespread blockchain and smart contract appli- cations alongside increasing digital technology inte- gration into daily life – lawyers must help enterprises understand how emerging technologies impact asset management and transaction security. As technology progresses, policy-compliant asset digitisation and tokenisation will become new financing instruments. This requires lawyers to act not only as guardians and promoters of existing regulations, but also as strate- gic thinkers and architects of change. Lawyers should assist enterprises in innovating effectively within com- plex legal frameworks and intense market competi- tion, ensuring sustainable competitive advantages in a constantly evolving environment.
with regulatory requirements and legal provisions, thereby enhancing transparency and compliance. In cross-border financing schemes, lawyers also assist clients in analysing financial regulatory requirements for asset holders, funding parties, and exchange par- ticipants – including, but not limited to, information disclosure, taxation, custody, auditing, and transac- tion mechanisms – ensuring effective asset mobility and legally compliant financing proceeds. Specifically, in Technology Innovation Bond issuanc- es, lawyers ensure legal documentation meets regu- latory requirements, assisting technology enterprises in obtaining urgently needed medium-to-long-term funding while reducing financing risks and barriers. In public REITs and held-to-maturity ABS domains, law- yers provide full-cycle legal support for infrastructure and large-scale projects, ensuring strict compliance with all requirements, including the integrity of under- lying asset ownership, project approvals, compliance with construction procedure, and other regulatory standards. As digital asset legal frameworks con- tinue to evolve, lawyers play pivotal roles in defining and protecting digital asset rights, assisting clients in addressing novel legal challenges in the asset sphere. For RWA projects, lawyers must prioritise legal com- pliance and alignment with international legal frame- works beyond technical convenience, co-ordinating with overseas lawyers, technology service providers, auditors, appraisers, tax advisors, and other profes- sional intermediaries to safeguard global asset circu- lation and trading.
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