Legal analysis: The competent departments of investment companies should be the People's Bank of China and the China Banking Regulatory Commission. Investment companies in a broad sense include trust and investment companies, finance companies, investment banks, fund companies, commercial banks, investment departments of insurance companies and other financial institutions, as well as various enterprises engaged in property rights investment and securities investment. An investment company is a kind of financial intermediary, which concentrates the funds of individual investors and invests them in many securities or other assets.
Legal basis: Article 7 of the Securities Law of People's Republic of China (PRC). The State Council Securities Regulatory Authority shall exercise centralized and unified supervision and management over the national securities market according to law. The State Council securities regulatory authority may set up representative offices as required to perform supervision and management duties as authorized.