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Singapore and China to boost cross-border capital markets activity

Singapore and China to boost cross-border capital markets activity
  • Christopher Copper-Ind
  • @intlinvestment
  • 06 January 2020
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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).

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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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