Beijing, China, 22 May 2023… The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) held their annual supervisory roundtable last Friday, where both regulators exchanged views on supervisory approaches and discussed initiatives to deepen capital markets connectivity between Singapore and China. MAS and CSRC also witnessed the signing of a Memorandum of Understanding between the Singapore Exchange and Shanghai Stock Exchange to establish an Exchange Traded Funds (ETF) Product LinkThis MoU follows the establishment of an ETF Product Link between the Singapore Exchange and Shenzhen Stock Exchange and launch of the participating products in 2022., to enable eligible fund managers to offer ETF products to investors on each other’s bourses. The roundtable was co-chaired by MAS’ Deputy Managing Director (Financial Supervision) Ms Ho Hern Shin and CSRC’s Vice Chairman Mr Fang Xinghai.      

2. As capital market players in both countries continue to expand in each other’s markets, MAS and CSRC discussed China’s initial public offering (IPO) registration system and capital markets structural reform; Singapore’s supervisory approach for fund management and investor protection; as well as the regulation of derivatives markets in both countries. The roundtable also promoted collaboration between Singapore and Chinese exchanges to foster greater connectivity and cross-border capital market activities. 

3. Ms Ho said, “MAS and CSRC have forged a strong partnership over the years. Our cooperation has supported the growth of Singapore and Chinese financial institutions and broadened mutual participation by players in both capital markets. The annual supervisory roundtable has been a valued platform for deepening this relationship through regular dialogue and cooperation on issues of mutual interest.” 

***