China Securities Regulatory Commission
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中国证券监督管理委员会 | |
Agency overview | |
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Formed | 1992 |
Jurisdiction | People's Republic of China |
Headquarters | Beijing |
Agency executive | |
Parent agency | State Council |
Website | CSRC.gov.cn |
China Securities Regulatory Commission | |||||||
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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 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 中国证监会 | ||||||
Traditional Chinese | 中國証監會 | ||||||
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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
- Economy of China
- Untraded shares
- Beijing Stock Exchange
- Shanghai Stock Exchange
- Shenzhen Stock Exchange
- Law of the People's Republic of China
- China Banking Regulatory Commission
- China Insurance Regulatory Commission
- Hedge fund industry in China
- China Venture Capital Association
- China Securities Journal