Hainan Provincial Local Financial Management Bureau Releases Risk Warning on Trading Venues

MaticHoleFiller · 2026-03-23T22:29:13+00:00

The Hainan Provincial Local Financial Management Bureau reminds the public to be vigilant against illegal financial activities conducted under the guise of entities such as the "Hainan International Data Asset Exchange." The bureau points out that our province has not approved the establishment of such exchanges and calls on investors to choose legal channels while strengthening their risk prevention awareness.

MaticHoleFiller

2026-03-23 22:29:13

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Hainan Daily All-Media Reporter Wang Peilin

Recently, the Hainan Provincial Local Financial Supervision Bureau learned through relevant channels that certain entities are promoting under the names of “Hainan International Data Asset Exchange,” “Hainan Data Exchange,” “Hainan Hai Exchange,” etc., claiming to legally conduct businesses such as RWA (Real-World Asset) tokenization and RDA (Real Data Asset) transactions. Market participants are conducting business without approval, using the name of trading venues in violation of regulations, which is suspected of illegal financial activities and endangers public property safety.

In response, the Hainan Provincial Local Financial Supervision Bureau issues the following risk warnings:

Currently, the establishment of the “Hainan International Data Asset Exchange” has not been approved within our province. The establishment of trading venues in our province requires approval from the provincial government (see the attached list of approved trading venues). Without approval from the authorized departments, market operators are not allowed to use terms like “Exchange” or “Trading Center” in their registered names or engage in related trading venue activities.
The People’s Bank of China, China Securities Regulatory Commission, and six other departments jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies,” which clarifies that the regulation of real-world asset (RWA) tokenization adopts the principle of “strict prohibition domestically and strict regulation abroad.” It emphasizes that conducting RWA tokenization activities within the country, as well as providing related intermediary and information technology services, is suspected of illegal activities such as illegal issuance of tokens or securities, unauthorized public issuance of securities, illegal securities futures business, illegal fundraising, etc., and should be prohibited.
Investors are advised to establish correct investment concepts, enhance risk awareness, choose legal investment channels, resolutely resist illegal financial activities, and protect their legitimate rights and interests. If you find relevant clues, please actively report to local regulatory authorities. If criminal activity is suspected, report promptly to the public security authorities.

Attachment: List of trading venues approved and established in Hainan Province

Hainan Property Rights Exchange Co., Ltd.

Hainan Commodities Trading Center Co., Ltd.

Hainan Equity Exchange Center Co., Ltd.

Hainan International Commodities Trading Center Co., Ltd.

Sanya International Asset Trading Center Co., Ltd.

Hainan International Tropical Agricultural Products Trading Center Co., Ltd.

Hainan International Energy Trading Center Co., Ltd.

Hainan International Intellectual Property Exchange Co., Ltd.

Hainan International Cultural and Artworks Trading Center Co., Ltd.

Hainan International Carbon Emission Rights Trading Center Co., Ltd.

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