To maintain high standards of regulation, we foster effective regulatory and enforcement cooperation with fellow regulators in Hong Kong, mainland China and major overseas markets through discussions of issues of common interest or matters that require collaboration.
We also play an active role in setting international standards on securities regulation through our participation in global forums, such as the Financial Stability Board and the International Organization of Securities Commissions. These cover the full range of securities regulatory policy, including investment products, enforcement, supervision, secondary markets, issuer regulation, credit rating agencies and hedge funds.
Cooperation is often founded on various memoranda of understanding which set out the agreed approaches to issues ranging from enforcement to market development. Over the years, we have signed a number of bilateral or multilateral agreements with local, Mainland and overseas regulatory bodies.