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FOREIGN EXCHANGE | Staff Reporter, China

Lithuania and China sign securities regulation agreement

Permits direct Lithuanian investment in China’s financial markets.

The Bank of Lithuania and the China Securities and Regulatory Commission have signed a Memorandum of Understanding in regards to cooperation in securities regulation, The MoU will allow Lithuania's financial institutions to directly invest in China's capital markets.

Ingrida Simonyte, Deputy Chairperson of the Board of the Bank of Lithuania, said the agreement between Lithuania's and China's supervisory institutions opens the door for Lithuania's financial institutions to seek qualified foreign institutional investor status, which is necessary for direct investment in China’s financial market.

Simonyte met in Vilnius, capital of Lithuania, with Lin Xinhua, CSRC Deputy Chairman, and discussed prospects of cooperation between the two institutions.

The MoU also promotes investor protection and integrity of the securities, futures and other related investment products markets by providing a framework for cooperation, including channels of communication, increasing mutual understanding and exchange of regulatory and technical information.

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