First of all, the organizational nature of the three is different:

1. Organizational nature of the China Securities Regulatory Commission: it belongs to the regulatory body.

2. Organizational nature of the Securities Industry Association: it belongs to the self-regulatory organization.

3. Organizational nature of the stock exchange: it is a self-regulatory organization.

Second, the overview of the three is different:

1. Overview of CSRC: China Securities Regulatory Commission is a ministerial organization directly under the State Council. According to the laws, regulations and the authorization of the State Council, supervise and manage the national securities and futures market in a unified way, maintain the order of the securities and futures market and ensure its legal operation.

2. Overview of the Securities Industry Association: It is a self-regulatory organization of the securities industry established in accordance with the Securities Law of People's Republic of China (PRC) (hereinafter referred to as the Securities Law) and the Regulations on the Administration of Registration of Social Organizations. Is a non-profit social organization legal person, and accepts the business guidance, supervision and management of China Securities Regulatory Commission and the Ministry of Civil Affairs.

3. Overview of stock exchanges: A stock exchange is a legal person that provides places and facilities for centralized securities trading, organizes and supervises securities trading, and implements self-discipline management.

Three, three main responsibilities are different:

1, the main responsibilities of the CSRC:

(1) To study and formulate guidelines, policies and development plans for the securities and futures market; Draft relevant laws and regulations on the securities and futures market, and put forward suggestions for formulation and revision; Formulate laws, regulations and measures for the supervision of securities and futures markets.

(2) vertically leading the national securities and futures regulatory agencies and implementing centralized and unified supervision over the securities and futures market; Manage the leading bodies and members of relevant securities companies.

(3) Supervising the issuance, listing, trading, custody and settlement of stocks, convertible bonds, bonds of securities companies and other securities designated by the the State Council Securities Regulatory Commission; Supervise the activities of securities investment funds; Approve the listing of corporate bonds; Supervise the trading activities of listed government bonds and corporate bonds.

2, the main responsibilities of the securities industry association:

Educate and organize members to abide by securities laws and administrative regulations; Safeguard the legitimate rights and interests of members in accordance with the law, and reflect the suggestions and requirements of members to the China Securities Regulatory Commission; Collect and sort out securities information and provide services for members; Formulate rules that members should abide by, organize business training for employees of member units, and carry out business exchanges among members.

Mediation of securities business disputes between members and between members and customers; Organize members to study the development, operation and related contents of the securities industry; Supervise and inspect the behavior of members, and give disciplinary sanctions to those who violate laws, administrative regulations or the Articles of Association.

3, the main responsibilities of the stock exchange:

(1) A stock exchange shall provide guarantee for organizing fair and centralized trading, publish real-time quotations for securities trading, and make a list of quotations in the securities market according to the trading day and publish it. Without the permission of the stock exchange, no unit or individual may publish the real-time quotation of securities trading.

(2) A stock exchange has the right to deal with the suspension, resumption or termination of listing of stocks and corporate bonds in accordance with laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

(three) when the normal trading of securities is affected by unexpected events, the stock exchange may take technical suspension measures; A stock exchange may decide to suspend trading due to unexpected events of force majeure or in order to maintain the normal order of securities trading. When a stock exchange suspends trading technically or decides to suspend trading temporarily, it must report to the securities regulatory authority in the State Council in time.

Baidu Encyclopedia-China Securities Regulatory Commission

Baidu Baike-China Securities Industry Association

Baidu encyclopedia-stock exchange