BEIJING, Dec. 25 (Xinhua) -- China Securities Regulatory Commission (CSRC) recently signed a memorandum of understanding (MOU) with Cayman Islands Monetary Authority (CIMA) to strengthen information exchange and law enforcement cooperation in the fields of securities and futures, according to an announcement released by CSRC on Monday, reported the Xinhua-run Shanghai Securities News.
Many Chinese companies registered in Cayman Islands are taking advantages of the global capital market for financing or going public, the announcement said.
So far, CSRC has established cross-border supervision and law enforcement cooperation partnership with securities and futures regulatory bodies from 63 countries and regions to jointly fight against violation of laws and safeguard investors’ legitimate rights and interests, according to the announcement. (Edited by Su Dan, Niu Huizhe)
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