The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have agreed to strengthen supervisory cooperation and enhance financial connectivity between their capital markets.
Both sides agreed on the areas for cooperation in supervising exchange-traded derivatives, according to a statement on Wednesday (31 October) following the 3rd MAS-CSRC Supervisory Roundtable held in Shanghai.
The agencies will boost cooperation in the supervision of futures markets to foster stable development in this area.
Topics discussed include ways to enhance cross-border supervision of capital markets, application of data analytics in supervision and the role of capital markets in supporting the Belt and Road Initiative.
The discussion was co-chaired by MAS’s deputy managing director Ong Chong Tee and CSRC’s vice-chairman Fang Xinghai.