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Our Bureau

Mumbai , Sept. 18

The Securities and Exchange Board of India (SEBI) has signed a memorandum of understanding with the China Securities Regulatory Commission (CSRC) on the enhancement of regulatory co-ordination between SEBI and CSRC.

The MoU was signed by Mr Shang Fulin, Chairman, CSRC, and Mr M. Damodaran, Chairman, SEBI, in Beijing, China.

A press release quoting Mr Damodaran said that with the integration of the world economy as also increasing cross-border transactions, the need for co-operation and information sharing among regulators has increased manifold and therefore the signing of MoU between the capital market regulators in two of the fastest growing economies is an important landmark in the securities market regulation.

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