Common Contracts

Memorandum of Understanding between the CSRC and the SFC on Strengthening of Regulatory and Enforcement Cooperation under the Mutual Access

November 8th, 2016

• Filed
  November 8th, 2016

For the establishment of mutual access between the Mainland and Hong Kong stock markets (hereinafter referred to as “Stock Connect”, comprising Northbound Shanghai and Shenzhen Trading Links and a Southbound Hong Kong Trading Link), and the corresponding needs for enhancing investor protection and facilitating the sound development and effective operations of the stock markets in the Mainland and Hong Kong, the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) and the Securities and Futures Commission of Hong Kong (hereinafter referred to as the “SFC”, and together with the CSRC, collectively as the “Parties” or the “Authorities”) have decided to further strengthen their regulatory and enforcement cooperation. Pursuant to the Joint Announcements dated 10 April 2014 and 16 August 2016 made by the SFC and the CSRC, the Parties have agreed to enter into this Memorandum of Understanding (hereinafter referred to as the “MoU”).