China Securities Regulatory Commission (CSRC) signed a Memorandum of Understanding（MOU） Regarding Securities and Futures Regulatory Cooperation with Russian Federal Financial Markets Service(FFMS) in Beijing on August 8, 2008. Mr. Shang Fulin, Chairman of CSRC met with the visiting Head of FFMS, Mr. Vladimir Milovidov, and signed the MOU with presence of representatives from Russian Embassy to China. Up to date, CSRC has signed 40 MOUs with securities and futures regulators in 36 jurisdictions around the world.

China and Russia, the two neighboring countries, have strengthened cooperation in economy and trade in recent years. The MOU signed between the two regulators will enhance exchanges and cooperation in securities and futures supervision and promote sound development of capital markets in both countries.

CSRC has been actively involved in regulatory information exchange and cross-border enforcement cooperation with its overseas counterparts since its establishment in October 1992. CSRC has signed MOUs with securities regulators in Hong Kong, the United States, Singapore, Australia, the United Kingdom, Japan, Malaysia, Brazil, Ukraine, France, Luxembourg, Germany, Italy, Egypt, the Republic of Korea, Romania, South Africa, Netherlands, Belgium, Canada, Switzerland, Indonesia, New Zealand, Portugal, Nigeria, Vietnam, India, Argentina, Jordan, Norway, Turkey, the United Arab Emirates, Thailand, Liechtenstein, Mongolia and Russia.