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.
The State Council stipulated in the Regulations on the Administration of Futures Trading that "China Securities Regulatory Commission shall exercise centralized and unified supervision and management over the futures market". There is a special futures supervision department within the CSRC, which is the functional department of China Securities Regulatory Commission to supervise and manage the futures market.
China Securities Regulatory Commission is located in Beijing, with 2 1 functional departments, 1 inspection corps and 3 centers. According to Article 14 of the Securities Law of People's Republic of China (PRC), the China Securities Regulatory Commission also has a stock issuance review committee, whose members are 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.
Two. Responsibilities of China Securities Regulatory Commission
1, 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.
2, vertical leadership of the national securities and futures regulatory agencies, the securities and futures market to implement centralized and unified supervision; Manage the leading bodies and members of relevant securities companies.
3. Supervise the issuance, listing, trading, custody and settlement of stocks, convertible bonds, bonds of securities companies and other securities recognized by the the State Council Securities Regulatory Commission; Supervise the activities of securities investment funds; Approve the listing of corporate bonds; Supervise the trading activities of listed government bonds and corporate bonds.
4. Supervise the securities market behavior of listed companies and their shareholders who must fulfill relevant obligations according to law.
5. Supervise the listing, trading and settlement of domestic futures contracts; Supervise domestic institutions to engage in overseas futures business according to regulations.
6. Managing securities and futures exchanges; Senior managers in charge of securities and futures exchanges according to regulations; Centralized management of securities industry and futures industry associations.
7. Supervise securities and futures operating institutions, securities investment fund management companies, securities registration and settlement companies, futures settlement institutions, securities and futures investment consulting institutions and securities credit rating agencies; Examining and approving the qualifications of fund custody institutions and supervising the fund custody business; To formulate measures for the administration of the qualifications of senior managers of relevant institutions and organize their implementation; Guide China Securities Industry and Futures Industry Association to carry out qualification management of securities and futures practitioners.
8. Supervise domestic enterprises to directly or indirectly issue shares and list overseas, and overseas listed companies to issue convertible bonds overseas; Supervise domestic securities and futures institutions to set up securities and futures institutions overseas; Supervise overseas institutions to set up securities and futures institutions and engage in securities and futures business in China.
9, supervision of securities and futures information dissemination activities, responsible for securities and futures market statistics and information resources management.
10. Examine and approve the qualifications of accounting firms, asset appraisal institutions and their members to engage in securities and futures intermediary business together with relevant departments, and supervise the activities of law firms, lawyers and qualified accounting firms, asset appraisal institutions and their members to engage in securities and futures-related business.
1 1. Investigate and deal with securities and futures violations according to law.
12, foreign exchange centralized management and international cooperation in securities and futures industry.
13, to undertake other tasks assigned by the State Council.