I. Responsibilities and functions of China Securities Regulatory Commission
The main duty of China Securities Regulatory Commission is to supervise the national securities and futures market and ensure its fair, transparent and efficient operation. Including the supervision of listed companies, securities companies, futures companies, fund companies and other market participants, to prevent market manipulation, insider trading and other illegal acts. At the same time, the CSRC is also responsible for examining and approving stock issuance, listing, trading and other related businesses and products in the securities and futures market, and formulating and implementing relevant market rules.
In addition, the CSRC also bears the important responsibility of protecting the rights and interests of investors. By strengthening the supervision of market participants, we will crack down on illegal activities and safeguard the legitimate rights and interests of investors. At the same time, the CSRC also actively carried out investor education and protection to improve investors' risk awareness and self-protection ability.
Second, the working mechanism of the CSRC
The CSRC regulates the behavior of market participants by formulating and implementing relevant laws and regulations. At the same time, the CSRC has also established a perfect market supervision system, including daily supervision, on-site inspection, special investigation and other ways to supervise the market in an all-round and multi-angle manner.
In the process of supervision, the CSRC pays attention to the role of market self-discipline mechanism and encourages market participants to consciously abide by laws, regulations and market rules. At the same time, the CSRC has also strengthened cooperation with other regulatory authorities to form a joint force to maintain market order.
Third, the development and challenges of the CSRC
With the continuous development of China's securities and futures market, the CSRC is facing more and more challenges. On the one hand, the number and types of market participants are increasing, making supervision more difficult; On the other hand, new financial products and business models are constantly emerging, which puts forward new requirements for supervision.
In order to meet these challenges, the CSRC needs to constantly strengthen its own construction and improve its supervision ability and level. At the same time, it is necessary to strengthen cooperation and exchanges with international securities regulatory agencies, learn from international advanced experience, and promote the healthy development of China's securities and futures market.
To sum up:
China Securities Regulatory Commission, as the regulatory body of China securities and futures market, is responsible for maintaining market order and protecting investors' rights and interests. China Securities Regulatory Commission strengthens the supervision and self-discipline mechanism for market participants by formulating and implementing relevant laws, regulations and market rules, and constantly promotes the standardization and development of China's securities and futures market. However, in the face of the continuous development of the market and the emergence of new financial products, the CSRC needs to continuously strengthen its own construction and improve its supervision ability and level to meet the future challenges.
Legal basis:
People's Republic of China (PRC) Securities Law
Article 1 stipulates:
This Law is formulated in order to standardize the issuance and trading of securities, protect the legitimate rights and interests of investors, safeguard social and economic order and social interests, and promote the development of the socialist market economy.
Article 7 provides that:
The State Council Securities Regulatory Authority shall exercise centralized and unified supervision and management over the national securities market according to law.
Regulations on the administration of futures trading
Article 4 provides that:
The State Council futures supervision and management institutions shall exercise centralized and unified supervision and management over the futures market.