New Delhi, Jan 19: Securities and Exchange Board of India is planning to ink an agreement with its Chinese counterpart for sharing of information on securities dealings, which would assist the regulators to unearth and take action against market manipulators. "We are planning to sign an agreement with the market regulator of China for information sharing," Sebi chairman G N Bajpai told a news agency here.

The two leading emerging market regulators -- Sebi and China Securities Regulatory Commission -- came into existence about a decade ago following liberalisation of the two economies and the growth of capital market. The proposed agreement would be fourth in the series as Sebi has already signed pacts including with Securities and Exchange Commission of US, Malaysian regulator and Financial Services Commission of Mauritius.

Bajpai declined to give a time-frame for the proposed agreement but said the regulator intends to sign such pacts with more regulators. "We are part of the international organisation of securities and exchange commissions. So, we are always in touch with other regulators," he said.

The series of agreements on information sharing assumes significance after the share scam of 2000-01, when some brokers allegedly routed funds through overseas corporate bodies. Bureau Report