Singapore and China to boost cross-border capital markets activity

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Singapore and China to boost cross-border capital markets activity

Regulators from Singapore and Beijing have announced a partnership aimed at expanding cross-border capital market activities between the two countries.

The move, which includes a nod to supervisory cooperation, was announced at a roundtable in Wuhan, China. The discussion was co-chaired byOng Chong Tee, deputy managing director atthe Monetary Authority of Singapore (MAS) and  Fang Xinghai,vice chairman of China Securities Regulatory Commission's (CSRC).

Ong said in a statement: "This is important given the growing interconnectivity and increased participation of Chinese and Singapore financial institutions in each other's market, including in the areas of co-operation as discussed at the recent 15th Joint Council for Bilateral Cooperation."

The regulatory roundtable has been an annual event since 2016.

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.