Is the stock exchange a financial institution?

Legal analysis: Stock exchanges belong to financial institutions. Financial institutions refer to intermediary organizations specializing in monetary and credit activities. According to their status and functions, financial institutions in China can be divided into central banks, banks, non-bank financial institutions and foreign-funded, overseas Chinese-funded and joint-venture financial institutions.

Legal basis: Securities Law of People's Republic of China (PRC).

Article 96 Stock exchanges and other national securities trading places approved by the State Council provide places and facilities for centralized securities trading, organize and supervise securities trading, implement self-discipline management, register according to law, and obtain legal person status.

The establishment, alteration and dissolution of stock exchanges and other national stock exchange places approved by the State Council shall be decided by the State Council.

The organizational structure and management measures of other national securities trading places approved by the State Council shall be formulated by the State Council.

Article 168 the State Council Securities Regulatory Authority shall supervise and manage the securities market according to law, maintain its openness, fairness and impartiality, guard against systemic risks, safeguard the legitimate rights and interests of investors and promote the healthy development of the securities market.