China, Singapore to Collaborate More Closely on Financial Regulation, Market Opening

What’s new: China’s banking regulator will work more closely with Singapore’s central bank on regulations and opening up financial markets, a Chinese official said at an industry event.

The China Banking and Insurance Regulatory Commission (CBIRC) will partner with the Monetary Authority of Singapore (MAS) to strengthen regulatory coordination, CBIRC Vice Chairman Cao Yu said Thursday at the China-Singapore (Chongqing) Connectivity Financial Summit.