Regulators from China and Australia Agree to Share Fintech Information

Chinese and Australian regulators are partnering up on fintech.

The Australian Securities and Investment Commission (ASIC) and the China Securities Regulatory Commission (CSRC) have agreed to share fintech information with the other party.

The deal will give each country more insight into emerging fintech trends taking place in the other region, according to the regulators.

The deal will also include sharing information regarding regtech, or regulatory technology, developments in both countries.

“Cooperation between regulators is essential to realize the benefits of the technological revolution,” Greg Medcraft, chairman for the ASIC, said in a statement today.

Read more at CNBC and ZDNet.