The China Securities Regulatory Commission (CSRC) and the Australian Securities and Investment Commission (ASIC) have signed a Financial Technology (fintech) cooperation agreement to advance innovation with each countries’ markets. Under the deal, the two regulators will share and utilize information on emerging market trends and developments to promote fintech innovations.
According to CSRC chairperson Shiyu Liu, the various developments in the fintech sector have offered several opportunities for the introduction of new financial services and fulfill the needs of investors.
“In the past few years, the rapid development of fintech has created ample opportunities to introduce new financial services, enhance financial inclusion and fulfill investors’ needs.” […]
Read Full: Australia and China Sign Agreement for Financial Technology Cooperation
