SFC and CSRC hold high-level meeting on enforcement cooperation

13 Jun 2018

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) held the sixth regular high-level meeting in Lanzhou on 11 June 2018 to discuss a range of enforcement cooperation matters.

The two regulators exchanged views on closer collaboration on market surveillance, sharing of intelligence and market information, as well as coordinated investigations.

Both sides also conducted in-depth discussions on establishing a notification mechanism for cases involving shares listed in both markets and enhancing staff exchange and joint training arrangements.

The latest meeting built on the deepening cooperative relationship between the SFC and the CSRC in the past few years in light of the increased cross-boundary interaction under Mainland-Hong Kong Stock Connect which yielded successful enforcement outcomes and delivered strong deterrent messages to the market.

“We will continue to strengthen our cooperation and explore ways to enhance cross-boundary market surveillance – including the use of new technologies – to cope with new challenges brought about by the increased interaction of the two markets,” said Mr Thomas Atkinson, the SFC’s Executive Director of Enforcement.

“We will also continue to work together to combat cross-boundary market misconduct to ensure our capital markets develop and operate in a stable and orderly manner,” he added.

End

Note:

1. A photograph of the meeting is attached to the electronic version of this press release.