SFC signs MoU with CSRC to strengthen enforcement cooperation under Shanghai-Hong Kong Stock Connect

17 Oct 2014

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) today entered into a Memorandum of Understanding (MoU) on strengthening cross-boundary regulatory and enforcement cooperation under the proposed Shanghai-Hong Kong Stock Connect pilot programme (Stock Connect) (Note 1).

The MoU was signed today by the Chairman of the SFC, Mr Carlson Tong and the Chairman of the CSRC, Mr Xiao Gang (Note 2).

"The MoU establishes an enhanced platform for information sharing, alerts, investigative assistance and joint investigations for both the SFC and the CSRC so together we can act to protect the integrity of both Hong Kong and Shanghai markets under the Stock Connect pilot programme ," the SFC’s Chairman, Mr Carlson Tong said.

The CSRC’s chairman, Mr Xiao Gang said: "The signing of the MoU serves as a pre-requisite for the smooth commencement of the Stock Connect pilot programme and further enhances cross-boundary regulatory and enforcement cooperation between both sides, which is conducive to the upholding of openness, fairness and integrity of the markets and of the legitimate interests of investors, thereby promoting the healthy development of both capital markets."

Under the MoU, the SFC and the CSRC have agreed to:

The MoU will be activated upon the launch of the pilot programme subject to the finalisation of all necessary approvals, market readiness and relevant operational arrangements.



  1. Stock Connect is a pilot programme for establishing mutual stock market access between Hong Kong and the Mainland. Please see Joint Announcement of CSRC and SFC dated 10 April 2014.
  2. The MoU is posted on the SFC website.

Page last updated : 17 Oct 2014