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Shmuel Hauser, chairman of the Israel Securities Authorities (ISA)speaks at a press conference at the Israeli Embassy in Beijing onThursday May 17, 2012. [Photo: CRIENGLISH.com] Israel is willing to cooperate with China with regards to financialinstruments and both countries expect to set up banks on oneanother's soil as China is an extremely important market forIsrael, said Shmuel Hauser, visiting chairman of the IsraelSecurities Authorities (ISA) during a press conference at theIsraeli Embassy in Beijing on Thursday. The ISA delegation is in Beijing attending the 37th annualconference of the International Organization of SecuritiesCommissions (IOSCO). Hauser said Israel has an elaborately efficient system forliquidity and expressed his hope that the two countries wouldextend the Memorandum of Understanding (MOU) on SupervisionCooperation in Securities Futures and cooperate in aspects ofvarious financial instruments, including advanced options, futures,bonds, derivatives and convertible bonds. In addition, Israel'sadvantage lies in its talented individuals and think tanks, thoughHauser stated, "it is hard to predict an exact road map." Over 300 billion USD from Israeli investors will go towardsinvestments outside the Israeli market. Hauser stated that China isdefinitely a good candidate for becoming the recipient of suchinvestment. However, Israeli companies have to gradually adapt tothe Chinese environment because both sides have very different waysof doing things. Hauser commented that China's regulatory environment is sound. Henoted that China has a well-organized regulatory frameworkconducted by the China Securities Regulatory Commission (CSRC), andstated that since joining IOSCO in 1995 China has become one of theorganization's leaders in just a few years. People realize andaccept that the framework here is good but China faces the sameproblems that all regulators around world are facing; the goal ofmaintaining financial stability since 2008. The common mission for all regulators is to protect investments andmaintain balanced regulation, said Shmuel. "We admire the great jobof the CSRC and we should all confirm to IOSCO principles toachieve financial stability." During the visit, chairman Hauser also deliberated with his Chinesecounterpart, Guo Shuqing, chairman of the CSRC about the executiveconditions of the MOU, which was signed on July 31, 2011. The MOU between the ISA and the CSRC is the first essentialcondition and a clear starting point for Chinese to investors toinvest in Israel and Israeli investors to invest in China, said thechairman. However, it is not the only condition; as they two sidesare working to see if they can collaborate in other ways. Hauser also hailed the importance of the Chinese market inmaintaining global financial stability. "We feel China is anextremely important market. It is definitely (important) to us. Welook it as a superpower economic country. Each time we come herejust to admire what has been done." Shmuel Hauser actively designed all the reform projects of theIsraeli capital market. 1 2 3 4 5. The e-commerce company in China offers quality products such as China Automotive Diagnostic Software , Launch X431 Tool Manufacturer, and more. For more , please visit Automotive Diagnostic Tools today!
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