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CSRC signs Fintech Information Sharing Cooperation Agreement with ASIC
06-11-2017

Liu Shiyu, Chairman of China Securities Regulatory Commission, recently signed an Information Sharing Cooperation Agreement regarding financial technology (fintech) with Mr. Greg Medcraft, Chairman of Australian Securities and Investments Commission (ASIC). Both authorities agree to share information on market trends and regulatory policies in fintech-related areas. The past few years have witnessed rapid development of fintech, which has created ample opportunities to introduce new financial services, enhance financial inclusion and fulfill investors' needs. However, the evolving landscape of technology has also posed new requirements and challenges for financial market regulators around the globe. The Agreement signed by the securities regulators in China and Australia has great significance for the timely exchange of information on fintech developments and regulatory issues, and for intensifying cooperation between the two authorities.



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