China Securities Regulatory Commission (CSRC)
| Chair: | Shang Fulin | ||
| Vice Chairs: | Fan Fuchun Gui Minjie Zhuang Xinyi Yao Gang |
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| Address: | Focus Place 19, Jin Rong Dajie, Xicheng District, Beijing 100032 | ||
| Telephone: | 86-10-6621-1188 | ||
| Website: | www.csrc.gov.cn | ||
| Shenzhen Stock Exchange www.szse.cn | |||
| Shanghai Stock Exchange www.sse.com.cn | |||
| Departments: | General Office; Public Offering Supervision; Market Supervision; Intermediary Supervision; Listed Company Supervision; Investment Funds Supervision; Futures Supervision; First Enforcement Bureau; Second Enforcement Bureau; Legal Affairs; Office of Accounting; International Cooperation; Personnel and Education; Publicity Office of the Communist Party CSRC Committee; Bureau of Supervision and Inspection; CCP Committee; Research Center; Office of Branches Coordinating Committee | ||
- Establish a system to regulate the stock and futures markets, including regulatory bodies, across the country; supervise the stock and futures markets; upgrade the quality of information released; prevent and mitigate risks in the stock and futures markets; and safeguard the stability of markets
- Map out policies and development plans for the stock and futures markets; draw up laws and regulations; and exercise vertical leadership over the stock and futures management organizations
- Regulate the issuance, transaction, commission-based management, and clearing of stocks, negotiable securities, and portfolio investment funds; approve enterprises for issuing listed bonds and regulate dealings in listed state and enterprise bonds; regulate the introduction, transaction, and clearing of futures contracts within China; supervise the behavior of listed companies and their shareholders in the securities markets
- Manage high-ranking managerial personnel of the stock and futures markets; manage securities business associations; regulate securities and futures management institutions, portfolio investment fund managers, securities register and clearing companies, futures clearing institutions, and securities and futures investment consultation institutions
- Examine and approve the qualifications of the organizations that manage trust funds and regulate their business together with PBOC; establish procedures for examining the qualifications of high-ranking managerial personnel in these organizations; examine the qualifications of personnel working in the securities and futures markets
- Supervise how enterprises within China directly or indirectly issue and market their shares outside of China; supervise how organizations outside China set up securities institutions and deal in securities within China
- Regulate the dissemination of securities and futures information; manage the statistical and information resources of securities and futures markets
- In cooperation with relevant departments, examine the qualifications of lawyers' offices, accounting firms, and asset assessment organizations, as well as their working personnel engaged in securities and futures intermediary business; regulate their professional activities
- Investigate and punish violators of securities and futures regulations; regulate the contacts that the securities and futures trade sectors establish with foreigners
CSRC, directly under the jurisdiction of the State Council, regulates stock and futures markets. CSRC was established in October 1992 along with the State Council Securities Commission (SCSC). Following government restructuring in 1997-98, CSRC absorbed the SCSC, assuming direct control over China's two stock exchanges in Shenzhen and Shanghai. CSRC is designated as the sole market regulator for stocks, bonds, futures, and mutual funds. CSRC controls the issuance, trading, and clearing of stocks, convertible bonds, and mutual funds; approves the listing of corporate bonds; supervises trading of listed state debt and corporate bonds; manages securities and futures exchanges; and oversees the circulation of information on securities and futures.
CSRC has 13 functional departments or offices, three subordinate centers, and one special committee. It also has 10 regional offices set up in key cities around the country and administrative offices in every province, autonomous region, city directly under the jurisdiction of the State Council, and city with provincial-level status in the state economic plan.
CSRC has been perhaps the most active of PRC regulators in attempting to clean up markets, improve transparency, and instill good corporate governance.
Return to PART VI: State Council Directly Administered Offices