1. Bank: Four state-owned banks, Shanghai Pudong Development Bank, Minsheng Bank and Huaxia Bank.
2. Brokers: CITIC, Haitong, Guangfa, Guoyuan and Changjiang.
Insurance: China Life Insurance, China Ping An Insurance, Pacific Insurance and Xinhua Life Insurance.
4. Trust: Shaanxi Guotou, Anxin Trust and Aijian Shares.
5. Futures: China Mid-term.
Financial companies (also known as financial companies) are a kind of extremely important financial institutions in western countries. Its financing mainly depends on issuing commercial paper in the money market and issuing stocks and bonds in the capital market; They also borrowed money from banks, but the proportion was very small. The collected funds are used to provide loans to consumers and small businesses who buy durable consumer goods and repair houses. Financial companies are divided into three categories: sales finance companies, consumer finance companies and industrial and commercial finance companies. Some financial companies are formed by parent companies to help promote their products. For example, Ford Motor Credit Company, established by Ford Motor Company, provides consumer credit to consumers who buy Ford cars.
According to major categories, China Securities Regulatory Commission (CSRC) is directly affiliated to the State Council. Is the competent department of the national securities and futures market, according to the the State Council authorized to perform administrative functions, in accordance with the laws and regulations of the national securities and futures industry for centralized and unified supervision, is to maintain the order of the securities market, to ensure its legal operation of the financial regulatory agencies.
The CSRC was established on June1992+1October 65438. At present, there are distribution supervision department, market supervision department, listed company supervision department, institutional supervision department, tomb gold supervision department, legal department, inspection bureau, accounting department, international cooperation department, political research office and other functional departments. The financial regulator also has two securities supervision offices in Shanghai and Shenzhen.
The main responsibilities of China Securities Regulatory Commission, a financial regulatory body, include: drafting securities and futures laws and regulations, formulating management rules and implementation rules, and exercising the power of examination and approval according to law; Unified management of the securities and futures market and vertical leadership of the securities and futures regulatory agencies in accordance with regulations; Supervise the issuance, listing, trading, registration, custody and settlement of securities; Supervise and manage the securities business activities of securities issuers, listed companies, stock exchanges, securities companies, securities registration and settlement institutions, securities investment management institutions, securities investment consulting institutions, credit evaluation institutions and law firms, accounting firms and asset evaluation institutions engaged in securities business according to law; To guide and supervise the business activities of the securities association according to law; Formulate qualification standards and codes of conduct for securities practitioners according to law, which shall be implemented by financial supervision institutions; Supervise and inspect the information disclosure of securities issuance and trading according to law; Directly or indirectly issue stocks for domestic enterprises and go public overseas according to law, supervise domestic institutions to set up securities business institutions abroad, and supervise overseas institutions to set up securities business institutions in China and engage in securities business; Investigate and deal with illegal acts of securities and futures according to law (regulations); Manage securities and futures market information in conjunction with relevant departments.