Legal analysis: The supervision scope of China Securities Regulatory Commission, the State Council Securities Commission and China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) supervised by China Securities Regulatory Commission should be established in June 1992, and the China Securities Regulatory Commission should be established in June 1992. This marks the formation of a unified supervision system for China's securities market. China Securities Regulatory Commission the State Council Securities Commission is the national competent authority for unified macro-management of the securities market.

Legal basis: Article 4 of the Regulations of China Securities Regulatory Commission on Supervision Duties of Agency establishes and performs the supervision duties of agency, and follows the principles of statutory authority, legal authorization, unified power and responsibility, openness and transparency, fairness and justice. The supervisory duties performed by the dispatched offices shall be authorized by the laws and regulations of China Securities Regulatory Commission, except as expressly provided by laws and administrative regulations. Regulatory responsibilities involve the coordination and cooperation of functional departments, agencies, securities and futures trading places, securities registration and settlement institutions, industry associations, etc. China Securities Regulatory Commission. Where specific arrangements need to be made, the China Securities Regulatory Commission shall formulate working rules.