• Published on 22 May 2023
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MAS and CSRC deepen cooperation in capital markets supervision and connectivity

The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have exchanged views on supervisory approaches and discussed initiatives to deepen capital markets connectivity between Singapore and China.

MAS and CSRC witnessed the signing of a Memorandum of Understanding between the Singapore Exchange and Shanghai Stock Exchange to establish an Exchange Traded Funds (ETF) Product Link, to enable eligible fund managers to offer ETF products to investors on each other’s bourses.

The 7th MAS-CSRC annual supervisory roundtable last Friday was co-chaired by Ho Hern Shin, deputy managing director for financial supervision, MAS and Fang Xinghai, vice chairman of CSRC.

As capital market players in both countries continue to expand in each other’s markets, MAS and CSRC discussed China’s initial public offering (IPO) registration system and capital markets structural reform; Singapore’s supervisory approach for fund management and investor protection; as well as the regulation of derivatives markets in both countries.

The roundtable also promoted collaboration between Singapore and Chinese exchanges to foster greater connectivity and cross-border capital market activities.

Ho said: “MAS and CSRC have forged a strong partnership over the years. Our cooperation has supported the growth of Singapore and Chinese financial institutions and broadened mutual participation by players in both capital markets. The annual supervisory roundtable has been a valued platform for deepening this relationship through regular dialogue and cooperation on issues of mutual interest.”

Re-disseminated by The Asian Banker