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China Securities Regulatory Commission

(chinadaily.com.cn)
Updated: 2006-11-14 13:41

The China Securities Regulatory Commission (CSRC) is an institution of
the State Council of the People's Republic of China (PRC). It is the main
regulator for the mainland of the PRC.

Its functions are similar to that of the US Securities and Exchange
Commission in the United States.

Basic Functions

1. To establish a centralised supervisory system for securities and
futures markets and to assume direct leadership over securities and
futures market supervisory bodies.

2. To strengthen the supervision over securities and futures business,
stock and futures exchange markets, the listed companies, fund management
companies investing in the securities, securities and futures investment
consulting firms, and other intermediaries involved in the securities and
futures business. To raise the standard of information disclosure.

3. To increase the abilities to prevent and handle financial crisis.

4. To organise the drafting of laws and regulations for securities
markets. To study and formulate the principles, policies and rules
related to securities markets. To formulate development plans and annual
plans for securities markets. To direct, co-ordinate, supervise and
examine matters related to securities in various regions and relevant
departments. To direct, plan and co-ordinate test operations of futures
market.

5. To exercise centralised supervision of securities business.

Major Responsibilities

1. Studying and formulating policies and development plans regarding
securities and futures markets; drafting relevant laws and regulations on
securities and futures markets; and working out relevant rules on
securities and futures markets;

2. Supervising securities and futures markets and exercising vertical
power of authority over regional and provincial supervisory institutions
of the market;

3. Overseeing the issuance, trading, custody and settlement of equity
shares, convertible bonds, and securities investment funds; approving the
listing of corporate bonds; and supervising the trading activities of
listed government and corporate bonds;

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