BEIJING - Securities regulators of China and Israel on Tuesday signed a memorandum of understanding on supervision cooperation in securities futures, according to a statement Xinhua received from the China Securities Regulatory Commission (CSRC) on Wednesday.

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Shang Fulin, head of the CSRC, said that the move would help enhance the two countries' cooperation in the supervision of securities futures and promote the healthy development of their capital markets.

Founded in 1992, the CSRC has been making efforts to strengthen exchanges and cooperation with other countries. So far the agency has signed 49 memorandums of understanding on supervision cooperation with 45 countries and regions, including the United States, Singapore, Australia, Britain and Japan.