| China Securities Regulatory Commission | |
|---|---|
| 中国证券监督管理委员会 | |
| Agency overview | |
| Formed | 1992 |
| Jurisdiction | People's Republic of China |
| Headquarters | Beijing, People's Republic of China |
| Agency executive | Shang Fulin, Chairman |
| Parent agency | State Council |
| Website | |
| www.csrc.gov.cn | |
The China Securities Regulatory Commission (CSRC) (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; pinyin: Zhōngguó Zhèngquàn Jiāndū Guǎnlǐ Wěiyuánhuì; often abbreviated simplified Chinese: 中国证监会; traditional Chinese: 中國証監會; pinyin: Zhōngguó Zhèng Jiān Huì) is an institution of the State Council of the People's Republic of China (PRC), with ministry-level rank.[1] It is the main securities regulator of the PRC.
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China's Securities Law (passed December 1998, effective July 1, 1999), the nation's first comprehensive securities legislation, 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, non-legally binding guidance for publicly-traded corporations.[3] Its functions are similar to that of the Securities and Exchange Commission in the United States.
Among 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 in Beijing. Focus Place 19, Jin Rong Street, West District Beijing 100032.
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