HONG KONG - The China Banking and Insurance Regulatory Commission (CBIRC) and Hong Kong's Securities and Futures Commission (SFC) will cooperate to boost exchange of information in connection with the supervision and oversight of cross-boundary regulated entities.
CBIRC and SFC have entered into a Memorandum of Understanding (MoU) to boost such cooperation, SFC said in a brief statement on Friday.
The MoU facilitates CBIRC and SFC to cooperate in the interest of fulfilling their respective mandates, particularly in investor protection, promoting the competence and integrity of cross-boundary regulated entities, fostering market and financial integrity, reducing systemic risk and maintaining financial stability, according to the statement.
HKSAR govt firmly rejects US' Hong Kong Policy Act report
Wimbledon to lift ban on Russian and Belarusian players
UN to start taking deep-sea mining applications this July
HK leader's next Guangdong visit to boost collaboration
China's 1st cargo-focused airport launches 1st international route
Copyright 1995 - 2023. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS