China, Oman sign MOU on securities and futures regulatory cooperation

(ECNS) -- China and Oman have signed a memorandum of understanding (MOU) on regulatory cooperation in securities and futures, with the signing witnessed by the two countries' heads of state, the China Securities Regulatory Commission (CSRC) said Thursday.

CSRC Chairman Wu Qing and Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi signed the MOU in Beijing recently, according to the commission.

A CSRC official said the agreement will strengthen regulatory exchanges and cooperation between the two sides in the securities and futures sectors and promote the healthy development of their capital markets.

The agreement marks a new stage in cooperation on securities regulation between the two countries.

The CSRC has so far signed bilateral MOUs on regulatory cooperation with securities and futures regulators in 68 countries and regions, establishing mechanisms for cross-border regulatory and law enforcement cooperation.