Hong Kong and Mainland financial market bodies seal cooperation pact

The MOU provides a platform wherein market practitioners from the Mainland and Hong Kong can interact in a wide range of areas.

The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed a Memorandum of Understanding on Co-operation in Beijing on Wednesday.

The bodies agreed to strengthen co-operation in a wide range of areas such as market development, establishment of codes, research, visits, exchanges and training, according to a government report.

The deal signifies a formal co-operative relationship between the self-regulation organisations in the interbank market and treasury market of the Mainland and Hong Kong.

It provides a platform on which market practitioners from the Mainland and Hong Kong can interact, paving the way for the members of the two organisations to establish a comprehensive, co-operative relationship and to contribute to the mutual development of the financial markets of the Mainland and Hong Kong.