China Securities Regulatory Commission is a ministerial-level institution directly under the State Council. According to laws, regulations and the State Council's authorization, 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. 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.