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The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) held the seventh regular high-level meeting in Hong Kong recently to discuss a range of matters concerning cross-boundary enforcement cooperation.
The two regulators conducted in-depth discussions on market surveillance workflows and procedures, updated each other on the progress of high-priority cases, and discussed important cross-boundary enforcement policies.
At the meeting, both sides also explored ways to further strengthen cross-boundary enforcement cooperation, including:
- enhancing a coordinated investigation mechanism for emerging types of cross-boundary illegal activity;
- discussing a notification and evidence sharing mechanism for cases involving dual listed companies in both markets; and
- organising further joint training and case study workshops.
Both regulators acknowledged that their long-standing close cooperation and collaboration on enforcement work has played a crucial role in combating cross-boundary market misconduct and maintaining the smooth and orderly operation of the Mainland-Hong Kong mutual market access programme.
"With the increased connectivity between Hong Kong and the Mainland, we will continue to broaden and deepen our enforcement cooperation with the CSRC in the interests of both markets and those who invest in them," said Mr Thomas Atkinson, the SFC’s Executive Director of Enforcement.
Note:
- A photograph of the meeting can be seen below.
