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MNB signs cooperation agreement with Chinese body

MNB

MNB headquarters in Budapest.

Image by posztos / Shutterstock.com

The National Bank of Hungary (MNB) has signed a cooperation agreement with the China Securities Regulatory Commission (CSRC) to promote information and knowledge sharing, the central bank said on its website.

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.

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