The China Securities Regulatory Commission (CSRC) is a government ministry of the
State Council of the People's Republic of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
(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".
[, note 1.] 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
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Economy of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five- ...
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Untraded shares Untraded shares () or () refer to the shares of listed companies that are not allowed to be released by some of the investors
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gai ...
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Beijing Stock Exchange
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Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...
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Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
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Law of the People's Republic of China
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China Banking Regulatory Commission
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China Insurance Regulatory Commission
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Hedge fund industry in China
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China Venture Capital Association
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China Securities Journal
References
External links
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{{authority control
1992 establishments in China
Financial regulatory authorities of China
Government agencies established in 1992
Government agencies of China
Organizations based in Beijing
Securities and exchange commissions
State Council of the People's Republic of China