China –CSRC
China Securities Regulatory Commission
The
China Securities Regulatory Commission is an institution of the State Council of the People's Republic of China (PRC). The opening and reform of China inevitably led to the establishment of a centralised market regulatory body. The establishment of the State Council Securities Commission (the "SCSC") and the China Securities Regulatory Commission (the "CSRC") in October 1992 marked the formation of this regulatory body.
The SCSC is the State authority responsible for exercising centralized market regulation.
CSRC is the SCSC's executive branch responsible for conducting supervision and regulation of the securities markets in accordance with the law.
The China Securities Regulatory Commission is responsible for:
policy, laws and regulations fot the securities and furtures markets
overseeing issuing, trading, custody and settlement of equity shares, bonds, investment funds
Supervising listing, trading and settlement of futures contracts; futures exchanges; securities and futures firms
strengthening the supervision over securities and futures business,
stock and futures exchange markets, the listed companies, fund management companies investing in the securities, securities and futures investment consulting firms, and other intermediaries involved in the securities and futures business.
raising the standard of information disclosure
enhancing the capabilities to prevent and handle financial crisis.
Need More Information ? Go To (English) or www.csrc.gov.cn (Chinese)
The Securities Association of China
The Securities Association of China is a self-regulating organization for the securities industry established in accordance with the pertinent regulations of Securities Law of the People’s Republic of China and Administrative Regulations on Registration of Public Organizations. It is a non-profit public organization. The Securities Association of China is under the professional guidance, supervision and management of China Securities Regulatory Commission and the Ministry of Civil Affairs of the People’s Republic of China. The Securities Association of China was established on August 28, 1991.
Members of the Association are managed in four classes:
securities companies
securities investment fund management companies
securities investment consulting agencies
special members.
The Securities Association:
make arrangements for employees in the securities industry to take qualification tests and to be responsible for registering and supervising professional qualification of employees in the securities industry.
arrange continuous education and vocational training for the employees of the securities industry to improve their professional skills and vocational level.
enables members to understand and implement the laws and regulations governing securities and report to China Securities Regulatory Commission problems, suggestions and requests of members occurring in business.
formulate self-regulating rules, industry criteria and professional norms for the securities industry and supervise their implementation.
supervise and inspect members’ vocational conduct and impose disciplinary sanctions on any member that violate the articles of association and self-regulating rules.
Need to know more? Go To: www.sac.net.cn or http://www.sac.net.cn/en/homepage/index_en.jsp
China Stock Exchanges
China Stock Markets Web
China Stock Markets Web provides investors with convenient access to the latest information on listed companies and market movements in the stock markets of Hong Kong, Shanghai and Shenzhen. The contents are updated daily with data from HKEx, Shanghai Stock Exchange and Shenzhen Stock Exchange. Click English Link to view website in English.
Commodities and Futures
China Insurance Regulatory Commission -CIRC
China Insurance Regulatory Commission (directly under the State Council) supervises and manages the insurance market and maintains the legal and stable operation of insurance operations in the Peoples Republic of China.
The China Insurance Regulatory Commission –CIRC’s Responsibilities:
formulate guidelines and policies for developing insurance business
draw up development strategies and plans for the industry
formulate laws, rules and regulations for insurance supervision
introduce rules and regulations for the insurance industry
examine and approve the establishment of insurance companies and their subsidiaries, insurance group companies, and insurance holding companies
examine and approve the establishment of insurance assets management companies
examine and approve the setup of representative offices of overseas insurance institutions in China, insurance intermediary institutions such as insurance agencies, broker companies, appraisal companies and their subsidiaries
examine and approve insurance agencies to be established overseas by Chinese insurance and non-insurance institutions
examine and approve the merge, split, change and dissolving of insurance institutions, to decide whether to take over or reallocate assets; to be involved and organize the bankruptcy and clearance of insurance companies
examine and approve the categories of insurance schemes related to public interests
impose insurance rates of premium for compulsory insurance schemes and newly developed life insurance schemes
accept filing for the record of articles and premium rates of other insurance schemes
supervise the payment ability and market conduct of insurance companies
supervise the insurance guarantee fund and insurance deposits
oversee such organizations as insurance trade associations and societies
investigate and determine punishment against unfair competition and illegal conduct of insurance institutions and individuals as well as the operations of non-insurance institutions and disguised insurance operations.
Need more information: Go To: www.circ.gov.cn
Also: Chinese Insurance Association of Hong Kong Tel : 2815 7700 Fax : 2541 0615
Address : Room 2413 Wing Shan Tower 173 Des Voeux Road Central Hong Kong
Hong Kong, SAR – Office of the Commissioner of Insurance
The Insurance Claims Complaints Bureau ("ICCB") provides a speedy and inexpensive avenue for resolving claims disputes arising from personal insurance policies.