China Securities Regulatory Commission
- View a machine-translated version of the Chinese article.
- Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.
- Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
- You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is
Content in this edit is translated from the existing Chinese Wikipedia article at [[:zh:中国证券监督管理委员会]]; see its history for attribution.
- You should also add the template
{{Translated|zh|中国证券监督管理委员会}}
to the talk page. - For more guidance, see Wikipedia:Translation.
- Wu Qing, Chairman
China Securities Regulatory Commission | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 中国证券监督管理委员会 | ||||||
Traditional Chinese | 中國証券監督管理委員會 | ||||||
| |||||||
Alternative Chinese name | |||||||
Simplified Chinese | 中国证监会 | ||||||
Traditional Chinese | 中國証監會 | ||||||
| |||||||
The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China.[1] It is the main regulator of the securities industry in China.
History
Indicative of the role of the CSRC, China's highest court, the Supreme People's Court–at least as of 2004–has declined to handle securities-related litigation directly, instead deferring such judgments to the CSRC.[2]
In November 2022, it stated its role to build "a capital market with Chinese characteristics".[3]
In 2023, the CSRC was upgraded to a government agency directly under the State Council. Additionally, it was granted responsibility auditing corporate bond issuances from the National Development and Reform Commission.[4]
In late 2023 and early 2024, the CSRC instructed some institutional investors not to sell stocks in order to stabilize share prices.[5][6]
Functions
China's first Securities Law was passed December 1998, and became effective July 1, 1999. The nation's first comprehensive securities legislation, it grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation".[7] The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures".[8] The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations.[8]
List of chairpersons
No. | Name | Took office | Left office |
---|---|---|---|
1 | Liu Hongru (刘鸿儒) | 26 October 1992 | 30 March 1995 |
2 | Zhou Daojiong (周道炯) | 31 March 1995 | 3 July 1997 |
3 | Zhou Zhengqing (周正庆) | 12 July 1997 | 23 February 2000 |
4 | Zhou Xiaochuan | 24 February 2000 | 27 December 2002 |
5 | Shang Fulin | 27 December 2002 | 29 October 2011 |
6 | Guo Shuqing | 29 October 2011 | 17 March 2013 |
7 | Xiao Gang | 17 March 2013 | 20 February 2016 |
8 | Liu Shiyu | 20 February 2016 | 26 January 2019 |
9 | Yi Huiman | 26 January 2019 | 7 February 2024 |
10 | Wu Qing | 7 February 2024 | Incumbent |
See also
- Beijing Stock Exchange
- Shanghai Stock Exchange
- Shenzhen Stock Exchange
- China Banking Regulatory Commission
- China Insurance Regulatory Commission
- China Securities Journal
- List of financial regulatory authorities by jurisdiction
References
- ^ Huang, C.W. (Winter 2008). "Company Law and the Independent Director System in Contemporary China". Hastings International and Comparative Law Review. 31. Archived from the original on 2 October 2023. Retrieved 14 January 2019., p. 411.
- ^ Yin, Dina J. (2004). "Investor Regulations: An American Answer to a Chinese Problem". Rutgers L. Rev. 57: 421. Archived from the original on 14 January 2019. Retrieved 14 January 2019. pg. 421.
- ^ "China Regulator's New Slogan Fuels Buying Spree in State Firms". Bloomberg News. November 24, 2022. Retrieved November 24, 2022.
- ^ "Decoding Chinese Politics". Asia Society. Archived from the original on 3 October 2023. Retrieved 2 October 2023.
- ^ Lockett, Hudson; Leahy, Joe (2024-01-16). "Beijing tells some investors not to sell as Chinese stock rout resumes". Financial Times. Archived from the original on 2024-01-18. Retrieved 2024-01-23.
- ^ "China regulators lift stock net-selling ban for mutual funds". Reuters. January 8, 2024. Retrieved January 23, 2024.
- ^ Friedman, William I. (2002). "One Country, Two Systems: The Inherent Conflict Between China's Communist Politics and Capitalist Securities Market". Brook. J. Int'l L. 27: 484–85. Archived from the original on 16 April 2023. Retrieved 14 January 2019.
- ^ a b Huang, C.W. (Winter 2008). "Company Law and the Independent Director System in Contemporary China". Hastings International and Comparative Law Review. 31. Archived from the original on 2 October 2023. Retrieved 14 January 2019., note 1.
External links
- Official website
- v
- t
- e
- History
- Reform
- Five-year plans
- Industrial Revolution
- Iron rice bowl
- Three-anti and Five-anti Campaigns
- Great Leap Forward
- Four Modernizations
- Socialist market economy
- Deng Xiaoping's southern tour
- "Grasping the large, letting go of the small"
- Scientific Outlook on Development
- Historical GDP
- Population history
- 1949–1976 wage reform
- Industry
- Advanced materials
- Aquaculture
- Automotive
- Aviation
- Aircraft
- Aerospace
- Beer
- Biotechnology
- Business process outsourcing
- Cement
- Coffee
- Container
- Cotton
- Electric motor
- Electric power
- Electronics
- Film
- Fishing
- Gambling
- Hedge fund
- Internet
- Media
- Mining
- Mobile phone
- Online gaming
- Pearl farming
- Pharmaceuticals and pharmacy
- Publishing and academic publishing
- Radio
- Railway
- Rare earth
- Real estate
- Renewable energy
- Securities
- Sex toys
- Shipping
- Silk
- Software
- Steel
- Telecommunications
- Television
- Tourism
- Textiles
- Video gaming
- Wine
- All-China Federation of Industry and Commerce
- All-China Federation of Trade Unions
- China Council for the Promotion of International Trade
- China Securities Regulatory Commission
- General Administration of Customs
- Ministry of Commerce
- Ministry of Finance
- Ministry of Industry and Information Technology
- National Administration of Financial Regulation
- National Bureau of Statistics of China
- National Development and Reform Commission
- National Energy Commission
- State-owned Assets Supervision and Administration Commission
- State Administration for Market Regulation
- State Administration of Foreign Exchange
- State Administration of Taxation
- Asian Infrastructure Investment Bank
- Beibu Gulf Economic Rim
- Bohai Economic Rim
- China Western Development
- Guangdong-Hong Kong-Macau Greater Bay Area
- Mainland and Hong Kong Closer Economic Partnership Arrangement
- Mainland and Macau Closer Economic Partnership Arrangement
- Northeast China Revitalization
- Pearl River Delta Economic Zone
- Regional Comprehensive Economic Partnership
- Rise of Central China Plan
- Western Taiwan Straits Economic Zone
- Yangtze River Delta Economic Zone
- Zhongyuan Economic Zone
- See also: Category
- Outline of China
- Economy of East Asia