Securities regulators sign deal

Securities regulators in Hong Kong and China have reached an agreement to enhance cross-border enforcement. The deal comes at a time when most new listings in Hong Kong are by Chinese companies, which account for almost half of the stock exchange's total market value, the Wall Street Journal reported. The new arrangement signed between Hong Kong's Securities and Futures Commission and the China Securities Regulatory Commission takes immediate effect and is aimed at improving the level of cooperation between the two agencies in investigating cross-border crimes and regulatory breaches.