The MoU was signed by the Director General of the Commission, Mr. John Harris and Vice Chairman of the CSRC, Mr. Liu Xinhua.
John Harris said, “I am delighted to sign this Memorandum of Understanding with the China Securities Regulatory Commission. With the provision of cross-border financial services between Jersey and China expected to increase in the coming years, it is important that the JFSC and the CSRC are in a position to co-operate closely. This Memorandum will assist in that regard as it establishes a formal framework for the exchange of regulatory information and mutual assistance for the purpose of ensuring compliance by financial service businesses with each jurisdiction’s regulatory requirements.”
The Commission has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.