China Securities Regulatory Commission (CSRC)
The China Securities Regulatory Commission (CSRC) is the national regulatory body that oversees the securities and futures industry of the country. According to the China Securities Regulatory Commission (CSRC), the regulatory agency performs the following roles: Formulation and implementation of laws and regulations for the securities and futures markets Supervision and compliance maintenance of securities companies Oversight of the issuance, trading, custody, and settlement of stocks, bonds, and other listed securities Supervision of the listing, trading, and settlement of domestic futures and the monitoring of overseas futures activity of domestic institutions Control of the 36 affiliated bureaus and their managers Supervision of foreign securities and futures trading firms in China Gathering and publication of market statistics Oversight of accounting firms and law firms that conduct work for the securities and futures industry Investigation and enforcement of CSRC laws and regulations and penalization of any violations Capital markets in China are still in development, and there are those who dare flaunt the laws. The China Securities Regulatory Commission (CSRC) is China's regulatory body that oversees the securities industry in the country. The China Securities Regulatory Commission (CSRC) is the national regulatory body that oversees the securities and futures industry of the country.
What Is the China Securities Regulatory Commission (CSRC)?
The China Securities Regulatory Commission (CSRC) is the national regulatory body that oversees the securities and futures industry of the country. The CSRC is the functional equivalent of the Securities and Exchange Commission (SEC) of the U.S., charged with maintaining orderly and fair markets. The CSRC includes 36 regulatory bureaus that cover different geographic regions of the country, and two supervisory bureaus at the nation's two largest stock exchanges in Shanghai and Shenzhen.
Understanding the China Securities Regulatory Commission (CSRC)
The CSRC performs many of the regulatory functions that such an agency overseeing financial aspects of a country would. It came into being when China passed its securities law in 1998, making the agency a fairly new regulator. Like most organizations in China, the CSRC reports directly to China's State Council, which is the main administrative authority in China.
The CSRC is located in Beijing and is headed by one chair, followed by four vice-chairs. The board also contains one secretary of the Discipline Commission and three assistants to the chair. There are 18 functional departments that make up the CSRC, with one inspection division and three centers, in addition.
According to the China Securities Regulatory Commission (CSRC), the regulatory agency performs the following roles:
The Heavy Hand of the China Securities Regulatory Commission (CSRC)
Capital markets in China are still in development, and there are those who dare flaunt the laws. Just like in the U.S. with the SEC, the CSRC will stamp out illegal practices whenever it finds them. In March 2018, the CSRC levied a record 5.67 billion yuan (approximately $900 million) fine on a domestic company for manipulating the share prices of newly-listed banks. Numerous other cases have also led to disgorgement, penalties, bans from trading, and jail time. Even the CSRC had to police its own. In 2017, the head of the initial public offering (IPO) division of the Shenzhen and Shanghai exchanges was found guilty of corruption in her dealings with the market that she was entrusted to regulate. The penalty: life in prison.
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Futures
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Initial Public Offering (IPO)
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Qualified Domestic Institutional Investor (QDII)
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Qualified Foreign Institutional Investor (QFII)
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Securities and Exchange Commission (SEC)
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Shanghai Stock Exchange
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Self-Regulatory Organization (SRO)
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