CSRC, acronym for China Securities Regulatory Commission, is the regulatory body responsible for overseeing and supervising the securities and futures markets in China. Established in 1992, CSRC aims to protect the interests of investors, maintain order and stability in the capital markets, and promote the healthy development of China's securities industry.
As a comprehensive administrative department authorized by the State Council of the People's Republic of China, CSRC exercises its regulatory powers to formulate necessary regulations, policies, and regulatory measures to manage securities and futures trading activities. It operates under the guidance of relevant laws, such as the Securities Law and the Futures Trading Act.
CSRC's functions cover a wide range of activities, including regulating securities issuance and underwriting, market intermediaries' behavior, securities trading, and investor protection. It approves the issuance and listing of securities, supervises information disclosure by listed companies, and ensures fair and orderly trading in the capital markets. Furthermore, CSRC is responsible for licensing and monitoring securities and futures firms, fund management companies, and other market entities to ensure compliance with regulations and standards.
Collaboration with international organizations and regulatory bodies is also an important aspect of CSRC's work. It actively participates in international regulatory dialogues, sharing experiences and insights. CSRC's commitment to maintaining market stability, promoting transparency, and protecting investor rights has significantly contributed to the growth and development of China's capital markets.
