China Securities Regulatory Commission (CSRC)

Basic Information

The China Securities Regulatory Commission (CSRC) is the primary regulatory authority overseeing securities and futures markets in China. Established in 1992, it operates directly under the State Council and is responsible for maintaining fair, transparent, and orderly financial markets. The CSRC’s official website (csrc.gov.cn) serves as a central hub for regulatory updates, market data, policy announcements, and investor education.

Background and Historical Evolution

The CSRC was founded in October 1992 as the executive arm of the State Council Securities Commission (SCSC). Initially, it focused on supervising securities issuance and trading in China’s emerging capital markets. In 1998, it merged with the SCSC, gaining expanded regulatory powers over stock exchanges, futures markets, and financial intermediaries. A major milestone came in 2023 when the CSRC was upgraded to a direct subsidiary of the State Council, further consolidating its role in China’s financial regulatory framework.

Key developments include:

• 1995: Officially designated as a State Council-affiliated institution.
• 1998: Granted centralized regulatory authority over securities and futures markets.
• 2023: Assumed responsibility for corporate bond issuance oversight.

Legal Authority and Regulatory Basis

The CSRC derives its authority from China’s Securities Law (1998, revised 2019) and the Futures Trading Regulations. It enforces compliance through administrative penalties, market bans, and criminal referrals. The agency also issues non-binding Guideline Opinions to guide corporate governance and disclosure practices.

Major legal instruments include:

• Securities Law of the People’s Republic of China
• Company Law
• Measures for the Administration of Futures Trading
• Regulations on the Supervision and Management of Securities Companies

Core Responsibilities and Regulatory Scope

The CSRC’s mandate covers:

• Approving IPOs and supervising listed companies
• Regulating securities brokers, fund managers, and futures firms
• Monitoring cross-border capital flows and overseas listings
• Investigating market manipulation, insider trading, and fraud
• Developing fintech supervision frameworks

It oversees key market infrastructures including the Shanghai and Shenzhen stock exchanges, and appoints their senior executives.

Comprehensive Contact Information

Headquarters Address:
China Securities Regulatory Commission
Fucheng Mansion A, No.19 Jinrong Street
Xicheng District, Beijing 100033, China

Key Contact Points:

• Investor Hotline: +86-10-66210182
• Complaints: +86-12386 (domestic), +86-10-66210166 (international)
• Media Inquiries: +86-10-88061000
• Legal Affairs: +86-10-88061014
• Fraud Reporting: [email protected]

Verification of Regulated Entities

To confirm a firm’s CSRC regulatory status:

1. Access the official CSRC website
2. Navigate to “Public Disclosure” section
3. Search using the firm’s Chinese name or license number
4. Cross-check with the “List of Licensed Institutions” database

For foreign entities, consult the CSRC’s QFII/RQFII approval lists or cross-border regulatory cooperation announcements.