Ministerial level The CSRC is a ministerial-level institution (directly under the State Council), and it belongs to the post of participating in public utilities. That is to say, referring to the institutions managed by civil servants, China Securities Regulatory Commission is a ministerial institution directly under the State Council, which is authorized by laws and regulations and the State Council to 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.