China Securities Regulatory Commission is a ministerial-level institution directly under the State Council. According to laws and regulations and the authorization of the State Council, 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.

Its main responsibilities are: to supervise and manage the securities and futures business activities of listed companies, securities and futures operating institutions, securities and futures investment consulting institutions, law firms, accounting firms, asset appraisal institutions and other intermediaries engaged in securities business within its jurisdiction; Investigate and deal with cases of violation of laws and regulations within the jurisdiction under supervision.

open system

The principles of openness, justice and fairness are one of the basic principles of securities market management, the legal basis for safeguarding the legitimate rights and interests of investors and promoting the healthy development of the securities market, and the most important basic principle in the law enforcement work of securities regulatory agencies.

Article 184 of the Securities Law stipulates that the rules and regulations formulated by the securities regulatory body in the State Council and the supervision and management work system shall be made public.

According to the investigation results, the the State Council securities regulatory authority shall announce the decision on punishment for securities violations.

Information sharing and mutual cooperation

Article 185 of the Securities Law stipulates that the securities regulatory agency in the State Council shall establish a supervision and management information sharing mechanism with other financial regulatory agencies in the State Council.

When the the State Council Securities Regulatory Authority performs its duties, conducts supervision, inspection or investigation according to law, the relevant departments shall cooperate with it.

Transfer of suspected criminal cases

Article 186 of the Securities Law stipulates that when the securities regulatory authority in the State Council performs its duties according to law, it shall transfer the case to the judicial organ for handling if it finds that the securities violation is suspected of a crime.

Reference to the above content: Baidu Encyclopedia-Securities Regulatory Agency