China Securities Regulatory Commission is a ministerial-level institution directly under the State Council. According to laws and regulations and the authorization of the State Council, it uniformly supervises and manages the national securities and futures market, maintains the order of the securities and futures market, and ensures its legal operation.
The State Council stipulated in the Regulations on the Administration of Futures Trading that "China Securities Regulatory Commission shall exercise centralized and unified supervision and management over the futures market". There is a special futures supervision department within the CSRC, which is the functional department of China Securities Regulatory Commission to supervise and manage the futures market.
major duty
(1) To study and formulate the principles, policies and development plans of the securities and futures markets; Drafting relevant laws and regulations on the securities and futures market, and putting forward suggestions for formulation and revision; Formulate laws, regulations and measures for the supervision of securities and futures markets.
(two) vertical leadership of the national securities and futures regulatory agencies, the securities and futures market to implement centralized and unified supervision; 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.