CSRC: Crack down on all kinds of cross-border illegal and non-compliant conduct strictly and in accordance with the law

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Gold Finance News reported that recently, in accordance with the periodic meeting mechanism for the heads of enforcement agencies established by the CSRC and the Hong Kong Securities and Futures Commission, the two commissions held the 17th joint enforcement cooperation meeting between the two places. The heads of the enforcement agencies from both sides attended the meeting.
During the meeting, both sides exchanged updates on recent enforcement work in the capital markets of the two jurisdictions, trends in illegal and non-compliant conduct, and case handling status. They summarized the results of cross-border enforcement cooperation between the two sides, discussed the progress on major cases of mutual concern, and explored topics such as cracking down on emerging forms of cross-border illegal and non-compliant behavior and strengthening information sharing. They also discussed further cooperation under the existing framework to continuously enhance the effectiveness of cross-border enforcement coordination and effectively improve the efficiency and deterrent effect of regulatory enforcement.
Next, the CSRC will continue to deeply implement the spirit of the Central Economic Work Conference, the National Financial System Work Conference, and the deployment of the new “Nine Articles of the National Plan” (the new “State Nine Provisions”). In line with the requirements to prevent risks, strengthen regulation, and promote high-quality development, it will work with the Hong Kong Securities and Futures Commission to further improve the cross-border enforcement cooperation mechanism, strictly and according to law crack down on various cross-border illegal and non-compliant acts, and jointly maintain the stable and healthy development of the capital markets of both places.
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