ChinaUS EUROPEASIA 中文双语Français
Business\Markets

China, Singapore to strengthen capital markets supervisory cooperation

Xinhua | Updated: 2017-11-03 17:01

SINGAPORE — The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) will further strengthen supervisory cooperation and facilitate the development of their capital markets, according to a media release published by the MAS on Friday.

During the 2nd MAS-CSRC Supervisory Roundtable held here on Oct 31, MAS and CSRC discussed regulatory developments in the derivatives markets, their respective frameworks for supervising fund managers, as well as enhancing information sharing arrangements for derivative products, said the release.

MAS and CSRC also discussed how they could work together to facilitate the development of their capital markets. They agreed on initiatives to support the listing of qualifying Chinese companies in Singapore and explore possible mutual recognition of collective investment schemes. They also agreed to develop a staff exchange programme between the two authorities.

The Roundtable was co-chaired by MAS' Deputy Managing Director Ong Chong Tee and CSRC's Vice-Chairman Fang Xinghai. Representatives from the financial industries in Singapore and China were invited to the meeting to share their experiences and insights into possible capital markets collaboration initiatives between both countries.

The two sides launched their first Supervisory Roundtable in Chongqing, China in April 2016.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US