China Securities Regulatory Commission

"CSRC" redirects here. For other uses, see CSRC (disambiguation).
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
Agency executive
Parent agency State Council
Website www.csrc.gov.cn
China Securities Regulatory Commission
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
Alternative Chinese name
Simplified Chinese 中国证监会
Traditional Chinese 中國証監會

The China Securities Regulatory Commission (CSRC) is an institution of the State Council of the People's Republic of China (PRC), with ministry-level rank.[2] It is the main regulator of the securities industry in China.

Function

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."[3] 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."[4] The CSRC is empowered to issue Opinions or Guideline Opinions, non-legally binding guidance for publicly traded corporations.[4] 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.[5]

The headquarters for the China Securities Regulatory Commission is in Beijing. Focus Place 19, Jin Rong Street, West District Beijing 100032.

Organizational structure

See also

References

  1. ↑ "证监会领导调整：任命刘士余为证监会主席 肖钢免职". Xinhua.
  2. ↑ Huang, C.W. "Company Law and the Independent Director System in Contemporary China." Hastings International and Comparative Law Review, Winter 2008 (Vol. 31), p. 411.
  3. ↑ William I. Friedman, 27 Brook. J. Int'l L. 477 (2002). "One Country, Two Systems: The Inherent Conflict Between China's Communist Politics and Capitalist Securities Market." pg. 484-85
  4. 1 2 Huang, C.W. "Company Law and the Independent Director System in Contemporary China." Hastings International and Comparative Law Review, Winter 2008 (Vol. 31), note 1.
  5. ↑ Dina J. Yin, 57 Rutgers L. Rev. 397 (2004). "Investor Regulations: An American Answer to a Chinese Problem. pg. 421.

External links

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