| 中国证券监督管理委员会 | |
.png){kind=logo} Logo as of 30 June 2025 | |
 CSRC building onBeijing Financial Street | |
| Agency overview | |
|---|---|
| Formed | 1992 |
| Jurisdiction | People's Republic of China |
| Headquarters | Beijing |
| Agency executive | |
| Parent agency | State Council |
| Website | www |
| 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 | ||||||
| |||||||
TheChina Securities Regulatory Commission (CSRC) is a government agency directly under theState Council of the People's Republic of China.[1] It is the main regulator of thesecurities industry in China.
Indicative of the role of the CSRC, China's highest court, theSupreme 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 as part of theplan on reforming Party and state institutions. Additionally, it was granted responsibility auditing corporate bond issuances from theNational 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]
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]
A number of Chinese financial sector bodies, including all mainland nationalstock exchanges andfutures exchanges and severalself-regulatory organizations, are placed under the direct authority of the CSRC:[9]: 68
For example, the CSRC appoints the chairperson and CEO of the exchanges.[9]: 91
 | This sectiondoes notcite anysources. Please helpimprove this section byadding citations to reliable sources. Unsourced material may be challenged andremoved.(April 2025) (Learn how and when to remove this message) |
| No. | Name | Took office | Left office |
|---|---|---|---|
| 1 | Liu Hongru | 26 October 1992 | 30 March 1995 |
| 2 | Zhou Daojiong [zh] | 31 March 1995 | 3 July 1997 |
| 3 | Zhou Zhengqing [zh] | 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 |
| International | |
|---|---|
| National | |
| Academics | |
| Other | |
.svg)