Chapter I General Provisions Article 1 This Law is formulated in accordance with the Securities Law of People's Republic of China (PRC), the Securities Investment Fund Law of People's Republic of China (PRC), the Regulations on the Administration of Futures Trading, the Regulations on the Supervision and Administration of Securities Companies and the Regulations on the Risk Disposal of Securities Companies in order to clarify the supervisory responsibilities of the dispatched offices of China Securities Regulatory Commission (hereinafter referred to as the dispatched offices) and improve the supervision of securities and futures. Article 2 The dispatched offices are under the vertical leadership of China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) and perform their supervisory duties in their own names according to law. Article 3 The dispatched offices shall be responsible for the front-line supervision of the securities and futures markets, earnestly safeguard the openness, fairness and justice of the capital market, safeguard the legitimate rights and interests of investors, especially small and medium-sized investors, guard against and respond to market risks in their jurisdictions according to law, and promote the stable and healthy development of the capital market in their jurisdictions. Article 4 The establishment and performance of supervisory duties of dispatched offices shall follow the principles of statutory authority, authorization according to law, unification of powers and responsibilities, openness and transparency, and 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. Article 5 An agency shall perform the following supervisory duties in accordance with the provisions:

(a) the implementation of daily supervision of relevant market entities within the jurisdiction;

(two) to prevent and deal with the relevant market risks within its jurisdiction;

(three) to investigate the illegal acts of securities and futures and impose administrative penalties;

(4) Education and protection of securities and futures investors;

(five) other duties as prescribed by laws and administrative regulations and authorized by the China Securities Regulatory Commission. Article 6 An agency shall, within the scope of its duties and in accordance with the provisions of the China Securities Regulatory Commission, establish and improve information sharing and supervision cooperation mechanisms with self-regulatory organizations such as securities and futures trading places, securities registration and settlement institutions, trade associations, relevant regulatory units and other agencies. Article 7 The dispatched offices shall establish and improve the supervision cooperation mechanism with the relevant departments of the local people's governments and the dispatched offices of other financial supervision institutions in their respective jurisdictions, build a comprehensive supervision system, optimize the supervision and law enforcement environment, promote the standardized operation and healthy development of the capital market in their respective jurisdictions, and jointly prevent and respond to financial risks in their respective regions. Chapter II Daily Supervision Article 8 The dispatched offices shall be responsible for the implementation of administrative licensing matters according to the provisions of laws and administrative regulations and the authorization of the China Securities Regulatory Commission.

The administrative license made by the agency for preliminary examination, examination and decision by the China Securities Regulatory Commission shall be accepted by the agency in accordance with the provisions, and a preliminary examination opinion shall be issued.

The relevant functional departments of the China Securities Regulatory Commission need to send agencies to check and verify related matters or issue regulatory opinions when handling administrative licensing, and the agencies shall provide assistance. Article 9 The dispatched offices shall be responsible for inspecting the following market entities:

(1) Information disclosure obligors such as securities issuers, listed companies, unlisted public companies and their controlling shareholders, actual controllers and purchasers;

(2) Securities companies, Public Offering of Fund managers, futures companies and their subsidiaries and branches, and their controlling shareholders and actual controllers;

(3) Corporate bond custodians, public offering fund custodians, depository banks for customer transaction settlement funds and other institutions;

(four) the public offering fund sales, sales payment, share registration, valuation, investment consulting, evaluation and other service institutions;

(5) Private equity fund managers, private equity fund custodians and other relevant private equity fund service institutions;

(6) Securities and futures investment consulting institutions and their branches;

(7) Accounting firms, asset appraisal agencies, credit rating agencies, law firms and their branches engaged in securities and futures business;

(eight) financial consulting institutions engaged in securities and futures business;

(9) Relevant entities of equity crowdfunding financing activities such as equity crowdfunding financing service institutions and financiers;

(10) Information technology system service institutions of the securities and futures industry;

(eleven) representative offices of overseas securities institutions in China;

(12) Other market entities as stipulated by laws, administrative regulations and the China Securities Regulatory Commission. Article 10 The inspection items may include information disclosure, governance, internal control, business norms and practice activities of market entities, and the specific inspection items shall be determined by the dispatched institutions according to laws, administrative regulations and the provisions of the China Securities Regulatory Commission.

Where a market entity obtains an administrative license or records in accordance with the provisions, it shall continue to meet the statutory conditions in accordance with the law, and the agency shall inspect its continuous compliance with the statutory conditions in accordance with the provisions. Eleventh agencies in accordance with the relevant inspection measures and regulations formulated by the China Securities Regulatory Commission, combined with the actual situation in the jurisdiction, formulate specific inspection plans to carry out inspections on the market entities listed in Article 9 of these Provisions. Article 12 The dispatched office shall be responsible for receiving, reviewing and analyzing the business, financial and other filing and reporting materials submitted by the market entities listed in Article 9 according to law. Thirteenth agencies to carry out inspections or other daily supervision activities, found violations of laws, administrative regulations and rules, or found major risks and problems, it should take regulatory measures according to law, put on record for investigation or transferred to judicial organs and other relevant departments; If there is no handling authority, it shall promptly report to the China Securities Regulatory Commission or transfer it to other functional departments and units in accordance with the regulations.