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).[1] It is the main regulator of the securities industry in China.
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".[2] 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".[3] The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations.[3] Its functions are similar to that of the Securities and Exchange Commission in the United States.
Its responsibilities include:
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.[4]
The headquarters for the China Securities Regulatory Commission is located at Focus Place 19, Jin Rong Street, Xicheng District, Beijing.[5]