CsrC

The China Securities Regulatory Commission (CSRC) is the national regulatory authority for China's securities and futures markets, operating under the State Council. Headquartered in Beijing, it oversees the regulatory framework for the issuance, trading, and disclosure of securities; licenses and supervises market participants such as brokerages, asset managers, and futures companies; and enforces securities laws. The CSRC's mandate includes maintaining market order, protecting investors, and promoting the healthy development of the capital markets.

Key functions of the CSRC include approving or registering new securities issuances, setting rules governing information disclosure by listed companies, and supervising exchanges and clearing mechanisms. It conducts market surveillance and enforcement actions against misconduct, and it oversees governance and compliance obligations across market participants. The commission also regulates the securities and futures markets to ensure transparency, fair competition, and financial stability. In addition, it coordinates with other regulators on policy matters and financial-market supervision, including the central bank and banking and insurance regulators, and participates in international regulatory cooperation.

Organization and oversight are complemented by its role in international engagement. The CSRC participates in cooperation with international bodies such as IOSCO and engages with foreign investors and markets to promote access to China’s capital markets. It also oversees cross-border programs and initiatives designed to facilitate investment while maintaining systemic risk controls and market integrity.

History and context: The CSRC was established in 1992 as the principal regulator of China’s securities and futures markets in the wake of market reforms. Since then it has guided the development of the stock exchanges, futures markets, and the broader regulatory environment, adapting to evolving market structures and openness initiatives.