The Jiangsu office of the China Securities Regulatory Commission warned that some institutions and individuals are promoting the RWA (real-world assets) concept to solicit public investment. Their marketing uses claims including backing by physical assets, guaranteed principal, high returns and low-risk, steady appreciation. The regulator said financing activities conducted in mainland China under the RWA label, in any form, constitute illegal financial activity. Investors should be alert to promises such as guaranteed profits and no losses, preserve evidence of suspicious activity and report it promptly to the relevant authorities or the police.