Shapour Mohammadi, chief executive of SEO, said cooperation with global organizations and enhancement of constructive international interactions have always been high on SEO’s agenda. The document was signed by Economy Minister Masoud Karbasian as part of a set of cooperation agreements between the two countries.
Mohammadi noted that both regulators were in constant contact in the past few years and signed the MoU to formalize it and start a new chapter in bilateral cooperation.
The MoU encompasses areas such as connecting the Department of Research, Development and Islamic Studies of SEO with China Institute of Finance and Capital Markets, developing Islamic financial instruments for China and transferring Iran’s experience in the field, conducting comparative studies, holding mutual training workshops, exchanging views and experience regarding the two Iranian and four Chinese commodity exchanges to boost mutual exportation, issuing Iran’s sovereign bonds in China to foreign investors and including Iranian institutions in the One Belt, One Road initiative—a massive program by China to revive the historic Silk Road, according to Financial Tribune.
China has also agreed to assist the Iranian side in information technology solutions and Fintechs, as well as transferring their successful experience in handling Justice Shares.
The China Securities Regulatory Commission is an institution of the State Council of the People’s Republic of China, with ministry-level rank. It is the main regulator of the securities industry in China.
CSRC oversees China’s nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate and impose penalties for “illegal activities related to securities and futures”.