The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) recently held their 17th high-level meeting on enforcement cooperation in Hong Kong to further strengthen enforcement collaboration. Mr Michael Duignan, the SFC’s Executive Director of Enforcement, and Mr Li Yubai, Director-General of the Enforcement Bureau of the CSRC, attended the meeting.
Both sides exchanged views on their respective enforcement priorities and explored ways to further their collaboration in enhancing the effectiveness of combating cross-boundary crimes and misconduct, with a view to safeguarding investor interests and maintaining market order.
During the meeting, both sides held in-depth discussions on important topics relating to cross-boundary enforcement cooperation, including:
- sharing experience in recent major cross-boundary enforcement cases; and
- exploring ways to further enhance information exchange.
Mr Duignan expressed his appreciation for the CSRC’s longstanding support for the SFC’s enforcement work. He emphasised that the continued deepening of cooperation on enforcement collaboration and information sharing between the two authorities will enhance enforcement effectiveness and deterrence, and contribute to the stable and orderly development of the financial markets in both jurisdictions.
