To: StockDung who wrote (115301 ) 5/29/2003 3:50:40 PM From: Jim Bishop Read Replies (1) | Respond to of 150070 Four Canadian securities commissions sign deal with China on info sharing VANCOUVER, May 29, 2003 (The Canadian Press via COMTEX) -- Four provincial securities commissions have signed a memorandum of understanding for sharing information with the China Securities Regulatory Commission. The understanding between China and securities commissions in Alberta, B.C., Ontario and Quebec is meant to allow sharing between organizations in both countries on securities investigations and other matters regarding trading activities. "Both the Chinese regulators and the provincial regulators in Canada recognize the increasing international activities in the securities and futures markets. We now have a framework to assist each other in protecting investors and the integrity of our markets," said Doug Hyndman, the chair of the British Columbia Securities Commission, which led the discussions with China. The memorandum is also seen as a necessary condition for Canadian companies to participate in joint ventures in the securities and fund management business in China. The signing therefore opens new business opportunities in China for Canadian financial firms, Hyndman said. The four provincial commissions are members of the Canadian Securities Administrators (CSA), composed of the 13 provincial and territorial securities regulatory authorities. They administer securities laws in Canada to protect investors and ensure an efficient and effective securities market. The online source for news sports entertainment finance and business news in Ca ada Copyright (C) 2003 The Canadian Press (CP), All rights reserved -0- KEYWORD: VANCOUVER SUBJECT CODE: business *** end of story ***