China Securities Regulatory Commission was established in June 1992. The State Council authorized China Securities Regulatory Commission to conduct centralized and unified supervision of the national securities and futures market according to law.

China Securities Regulatory Commission is located in Beijing, with chairman 1 person and five vice-chairmen. 3 assistants to the chairman; There are 16 functional departments and 3 centers. According to Article 14 of the Securities Law, the China Securities Regulatory Commission also has a stock issuance review committee, which is composed of professionals from the China Securities Regulatory Commission and relevant experts hired outside the meeting. China Securities Regulatory Commission has set up 36 securities regulatory bureaus in all provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans, and set up securities regulatory offices in Shanghai and Shenzhen. At present, there are 18 12 supervisors in the whole system, with an average age of 35; Among them, 40.3% have doctoral and master's degrees.

Since the historical evolution and reform and opening up of China Securities Regulatory Commission, with the development of China's securities market, it is imperative to establish a centralized and unified market supervision system. 1992 10 The establishment of the State Council Securities Commission (hereinafter referred to as the State Council Securities Regulatory Commission) and China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) marked the beginning of the formation of a unified supervision system for China's securities market. The State Council Securities Commission is the competent authority of the state for unified macro-management of the securities market. China Securities Regulatory Commission is the executive body of the State Council Securities Commission, which supervises the securities market in accordance with laws and regulations.

After the establishment of the State Council Securities Commission and China Securities Commission, their terms of reference gradually expanded with the progress of the market. 1993110 In October, the State Council decided to entrust the pilot work of the futures market to the the State Council Securities Regulatory Commission, which will implement it. 1In March, 1995, the State Council officially approved the institutional setup plan of China Securities Regulatory Commission, and determined that China Securities Regulatory Commission was the deputy ministerial-level institution directly under the State Council, and was the regulatory executive body of the State Council Securities Commission, which supervised the securities and futures market according to laws and regulations. 1In August, 1997, the State Council decided to put the Shanghai and Shenzhen stock exchanges under the supervision of the China Securities Regulatory Commission. At the same time, securities supervision offices of China Securities Regulatory Commission were established in Shanghai and Shenzhen. 1 1 in June, the central government held a national financial work conference, and decided to reform the national securities management system, straighten out the securities supervision system, exercise vertical leadership over local securities supervision departments, and put the securities management institutions originally supervised by the People's Bank of China under the unified supervision of the China Securities Regulatory Commission.

1in April, 1998, according to the institutional reform plan of the State Council, it was decided to merge the the State Council Securities Commission and the China Securities Regulatory Commission to form a ministerial-level institution directly under the State Council. After these reforms, the functions of China Securities Regulatory Commission have been significantly strengthened, and a centralized and unified national securities supervision system has basically taken shape.

1In September, 1998, the State Council approved the Provisions on the Function Allocation, Internal Organization and Staffing of China Securities Regulatory Commission, which further clarified that China Securities Regulatory Commission is an institution directly under the State Council and the competent department of the national securities and futures market, and further strengthened and clarified the functions of China Securities Regulatory Commission.