Legal analysis: the main responsibilities include: studying and formulating the principles, policies and development plans of the securities and futures market; Drafting laws and regulations on the securities and futures market; Formulate relevant rules and regulations of the securities and futures market. The unified management of the securities and futures markets shall be under the vertical leadership of the securities and futures supervision institutions according to regulations. Supervise the issuance, trading, custody and liquidation of stocks, convertible bonds and securities investment funds; Approve the listing of corporate bonds; Supervise the trading activities of listed government bonds and corporate bonds. Supervise the listing, trading and liquidation of domestic futures contracts; Supervise domestic institutions to engage in overseas futures business according to regulations. Supervise the securities market behavior of listed companies and their shareholders who have the obligation of information disclosure. Managing securities and futures exchanges; Senior managers in charge of securities and futures exchanges according to regulations; Centralized management of securities association.

Legal basis: Securities Law of People's Republic of China (PRC).

Article 7 The securities regulatory authority in the State Council shall exercise centralized and unified supervision and management over the national securities market according to law.

The State Council securities regulatory authority may set up representative offices as required to perform supervision and management duties as authorized.

Article 8 Under the premise of centralized and unified supervision and management of securities issuance and trading activities by the state, the securities industry association shall be established according to law and self-regulated.

Article 9 The state audit institutions shall exercise audit supervision over stock exchanges, securities companies, securities registration and settlement institutions and securities supervision and administration institutions according to law.