Securities Association of China

The Securities Association of China (SAC; Chinese: 中国证券业协会) is a self-regulatory organization for securities industry established according to the provisions of the “Securities Law of the People’s Republic of China” and the “Administrative Regulations on the Registration of Public Organizations”. SAC is a non-profit social institutional legal person function under the guidance and supervision of the China Securities Regulatory Commission (CSRC) and the Ministry of Civil Affairs of China.

History

Since established on August 28, 1991, SAC has earnestly enforced its Articles of Association and acted according to the principles of “Legitimate, Supervision, Self-regulation and Normalization”.

Under the supervision and direction of CSRC, SAC relies on its members to discharge its 3 major functions: “Self-regulation, Bridging and Service”.

Board of Directors

The Board of Directors is the executive body. SAC operates under the Chairman Responsibility System.[1] On 22 January 2007, Mr. Huang Xiangping was elected as the Chairman in the fourth Member General Meeting.[2]

By May 1, 2007, SAC has 299 members in total, including:

SAC objectives

References

  1. ↑ http://www.sac.net.cn/newen/home/info_detail.jsp?cate_id=1185524512100
  2. ↑ http://www.sac.net.cn/newen/home/info_detail.jsp?cate_id=1185524473100
  3. ↑ http://cx.sac.net.cn/huiyuan/g/cn/cx/z.jsp?m_type=zqgs
  4. ↑ http://cx.sac.net.cn/huiyuan/g/cn/cx/j.jsp
  5. ↑ http://cx.sac.net.cn/huiyuan/g/cn/cx/j.jsp

External links