Legal basis: Securities Law of People's Republic of China (PRC).
Article 168 the State Council Securities Regulatory Authority shall supervise and manage the securities market according to law, maintain its openness, fairness and impartiality, guard against systemic risks, safeguard the legitimate rights and interests of investors and promote the healthy development of the securities market.
Article 169 The the State Council Securities Regulatory Authority shall perform the following duties in the supervision and administration of the securities market:
(a) to formulate rules and regulations for the supervision and management of the securities market according to law, and to carry out examination and approval, approval, registration and filing according to law;
(2) To supervise and manage the issuance, listing, trading, registration, depository and settlement of securities according to law.
(3) To supervise and manage the securities business activities of securities issuers, securities companies, securities service institutions, securities exchange places and securities registration and settlement institutions according to law.
(4) Formulating a code of conduct for securities practitioners according to law and supervising its implementation.
(five) to supervise and inspect the information disclosure of securities issuance, listing and trading according to law;
(six) to guide and supervise the self-discipline management activities of the securities industry association according to law;
(seven) to monitor, prevent and dispose of the securities market risks according to law.
(eight) to carry out investor education according to law;
(nine) to investigate and deal with securities violations according to law;
(ten) other duties as prescribed by laws and administrative regulations.