Wu Shuo learned that Hainan Provincial Bureau of Local Financial Management released a risk warning. Market entities have appeared claiming to operate under the names "Hainan International Data Asset Exchange," "Hainan Digital Exchange," etc., stating they can compliantly conduct RWA (Real World Assets) and RDA (Real Data Assets) business. Unapproved entities are not permitted to use the term "exchange" in their names, and their conduct has been suspected of illegal financial activities. Officials reiterated that the state adopts a "strictly prohibited domestically, strictly regulated internationally" principle for RWA tokenization. Any activities conducted domestically in this regard, or provision of intermediary or technical services, are suspected of illegal token issuance and illegal fundraising, and will be shut down according to law.