Guernsey Signs MoU With China’s Securities Regulator

Guernsey's financial services regulator, the Guernsey Financial Services Commission (GFSC), has signed a Memorandum of Understanding (MoU) with the Chinese Securities Regulatory Commission (CSRC).

The agreement has been signed by William Mason, Director General of the GFSC, and Xiao Gang, Chairman of the CSRC. The official announcement was made after a meeting in Beijing on Monday 18 November between Mr Mason and Liu Xinhua, Deputy Chairman of the CSRC.

Mr Mason said: "Guernsey has high regulatory standards and this has been demonstrated to, and recognised by, the CSRC during the course of our discussions which have culminated in signing the MoU. The MoU provides the basis for a framework of cooperation and exchange of information between the two sets of authorities in relation to securities and futures business."