China Securities Regulatory Commission

China Securities Regulatory Commission (CSRC)
中国证券监督管理委员会
Agency overview
Formed1992
JurisdictionPeople's Republic of China
HeadquartersBeijing
Agency executive
Parent agencyState Council
WebsiteCSRC.gov.cn
China Securities Regulatory Commission
Simplified Chinese中国证券监督管理委员会
Traditional Chinese中國証券監督管理委員會
Alternative Chinese name
Simplified Chinese中国证监会
Traditional Chinese中國証監會

The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China.

History

China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures". The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations.

Indicative of the role of the CSRC, China's highest court, the Supreme People's Court–at least as of 2004–has declined to handle securities-related litigation directly, instead deferring such judgments to the CSRC.

In November 2022, it stated its role to build "a capital market with Chinese characteristics."

See also


This page was last updated at 2023-07-18 09:15 UTC. Update now. View original page.

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