The agreement was signed by MNB deputy governor Csaba Kandrács and CSRC vice chairman Xinghai Fang.
"The agreement provides a framework for exchanges of information and knowledge sharing between the two authorities relating to regulatory activities, thereby enhancing mutual assistance and partnership between the authorities mandated to oversee the capital market," the MNB said.
"The agreement covers, among others, the investigation of market manipulations and insider trading, exchanges of information between the authorities and regulatory cooperation over the operation of cross-border institutions in the context of investment services, issuance of securities, and clearing," it added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
