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China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the CSRC, China's highest court, the Supreme People's Court–at least as of 2004–has declined to handle securities-related litigation directly, instead deferring such judgments to the CSRC. In November 2022, it stated its role to build "a capital market with Chinese characteristics". In 2023, the CSRC was upgraded to a government agency directly under the State Council as part of the plan on reforming Party and state institutions. Additionally, it was granted responsibility auditing corporate bond issuances from the National Development and Reform Commission. In late 2023 and early 2024, the CSRC instructed some institutional investors not to sell stocks in order to stabilize share prices. Functions China's first Securities Law was pas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land across an area of nearly , making it the list of countries and dependencies by area, third-largest country by land area. The country is divided into 33 Province-level divisions of China, province-level divisions: 22 provinces of China, provinces, 5 autonomous regions of China, autonomous regions, 4 direct-administered municipalities of China, municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is List of cities in China by population, its most populous city by urban area and largest financial center. Considered one of six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen. The SZSE is the List of stock exchanges, world's 6th largest stock exchange with a market capitalization exceeding US$4.4 trillion in July 2024. History On 1 December 1990, Shenzhen Stock Exchange was founded. As an idea adapted from the capitalist countries, it was politically controversial in China. In support of the stock exchange, Deng Xiaoping rhetorically asked, "Are securities and the stock markets good or bad? Do they entail dangers? Are they peculiar to capitalism? Can socialism make use of them?" Deng contended that China must try them out and reserve judgment, because if securities and the stock market went well, they could be expanded, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Finance
China Securities Finance Corp., Ltd. (CSF) is a Chinese state-owned financial services company founded in 2011. The company funded securities firm of China (firm that provides investment banking and brokage) for their margin business as well as lending securities for short selling business. Capital In 2015, the share capital of the company was increased to from . It also bought shares from the market as a SPV for government intervention. The company later transferred some of the securities it bought to Central Huijin Investment, the domestic arm of the sovereign wealth fund of China. Shareholders * Shanghai Stock Exchange (25.13%) * Shenzhen Stock Exchange (25.13%) * Shanghai Futures Exchange (17.59%) * China Securities Depository and Clearing Corporation (14.57%) * China Financial Futures Exchange (8.04%) * Dalian Commodity Exchange The Dalian Commodity Exchange (DCE) () is a Chinese futures exchange based in Dalian, Liaoning province, China. It is a non-profit, self-r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Investor Protection Fund
The China Securities Investor Protection Fund Corporation Limited (SIPF) is a wholly state-owned corporation under the authority of the China Securities Regulatory Commission (CSRC). It was established on . Overview The SIPF was initially funded directly by the State Council, and later pivoted to financing from multiple sources: fees based on transactions taking place on the Shanghai Stock Exchange and Shenzhen Stock Exchange, fees paid by securities companies, interest earnings on escrow accounts of issuers of equities and bonds, and recoveries from the liquidation of failed securities companies. The policy rules relating to its operation are formulated jointly by the CSRC, the Ministry of Finance, and the People's Bank of China. The SIPF has rules that protect the cash of investors in the event of failure of a securities intermediary. It is also involved in efforts of investor education and financial literacy Financial literacy is the possession of skills, knowledge, and b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Depository And Clearing Corporation
China Securities Depository and Clearing Corporation Limited ( zh, 中国证券登记结算有限责任公司), in short CSDC, SD&C, or ChinaClear ( zh, 中国结算 or 中证登, ''Zhongzhengdeng''), is a central counterparty and central securities depository of China, based in Beijing. It is responsible for all securities depository and clearing services for the Shanghai Stock Exchange and Shenzhen Stock Exchange, thus playing a similar role as that of DTCC for the US stock markets. Overview CSDC was set up on March 30, 2001. In September 2001, Shanghai Securities Central Depository and Clearing Corporation and Shenzhen Securities Depository Corporation, two corporations which were in responsible for depository and clearing services of Shanghai Stock Exchange and Shenzhen Stock Exchange, were merged into the CSDC. It is a non-profit entity established with the approval of the China Securities Regulatory Commission. See also * China Central Depository & Clearing (ChinaBond) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management Association Of China
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: tangible assets and inta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Futures Association
The China Futures Association (CFA) is a membership organization under the China Securities Regulatory Commission (CSRC), which regulates and supervises the futures industry in China. It is established as a nonprofit organization in which all Chinese futures companies are required to be members, and self-describes as a self-regulatory organization. The CFA is one of three major membership organizations under the CSRC, together with the Securities Association of China (SAC) and Asset Management Association of China (ACAM). Overview The CFA was established on in Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ..., in accordance with China's Regulations on the Registration and Management of Social Organizations. It is governed by the General Meeting of its members and by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Association Of China
The Securities Association of China (SAC; ) is a self-regulatory organization for securities industry established according to the provisions of the "Securities Law of the People's Republic of China" and the "Administrative Regulations on the Registration of Public Organizations". SAC is a non-profit social institutional legal person function under the guidance and supervision of the China Securities Regulatory Commission (CSRC) and the Ministry of Civil Affairs of China. The SAC is one of three major membership organizations under the CSRC, together with the China Futures Association (CFA) and Asset Management Association of China (ACAM). History Since established on August 28, 1991, SAC has earnestly enforced itArticles of Associationand acted according to the principles of "Legitimate, Supervision, Self-regulation and Normalization". Under the supervision and direction of CSRC, SAC relies on its members to discharge its 3 major functions: "Self-regulation, Bridging and Serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Financial Futures Exchange
The China Financial Futures Exchange (CFFEX) is a futures exchange established in Shanghai on September 8, 2006—with the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC). It is a joint venture of the Zhengzhou Commodity Exchange, Shenzhen Stock Exchange and the Shanghai Futures Exchange. Following the principle of higher starting point and higher standard, CFFEX constructed an electronic market which follows the trend of global development. Also CFFEX has a unique multi-tiered members' clearing system, strict risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ... policy and an organization structure like a corporation to improve its competitive strength and development potential. In early 2008, it launched the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhengzhou Commodity Exchange
Zhengzhou Commodity Exchange (ZCE; ), established in 1990, is a futures exchange in Zhengzhou, one of the four futures exchanges in China. The ZCE is under the vertical management of China Securities Regulatory Commission (CSRC). The ZCE is a member of the China Futures Association. Products ZCE specializes in agricultural and chemical product futures, including hard white wheat, strong gluten wheat, sugar, cotton, rapeseed oil and PTA, a petroleum-based chemical product. History Zhengzhou Commodity Exchange was the first experimental futures market approved by the State Council, established on October 12, 1990. The ZCE, which started with forward contract trading, launched its first futures contracts on five agricultural products - wheat, maize, soybean, green bean and sesame on May 28, 1993. In 1988, the Research Group of the Zhengzhou Grain and Oil Futures Market in China was established. In 1990, the State Council permitted the China Zhengzhou Grain Wholesale Market (CZ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Futures Exchange
The Shanghai Futures Exchange (SHFE; ) is a futures exchange in Shanghai, China formed from the amalgamation of the national level futures exchanges of China, the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body under the China Securities Regulatory Commission (CSRC). The trading floor is located in Lujiazui, in the Pudong district of Shanghai. It currently trades futures contracts in copper, aluminium, zinc, tin, nickel, lead, natural rubber, fuel oil, silver, and gold. The SHFE is a member of the China Futures Association. Shanghai Metal Exchange The Shanghai Metal Exchange (SHME), was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading in non-ferrous metals and currently contracts for several non-ferrous metals including copper, aluminum, lead, zinc, tin, and nickel. SHME is located in the city o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dalian Commodity Exchange
The Dalian Commodity Exchange (DCE) () is a Chinese futures exchange based in Dalian, Liaoning province, China. It is a non-profit, self-regulating and membership legal entity under the China Securities Regulatory Commission (CSRC), established on February 28, 1993. Dalian Commodity Exchange trades in futures contracts underlined by a variety of agricultural and industrial produce on a national scale. As of 2015, DCE has listed a total of 16 futures products, including corn, corn starch, soybean (gmo and non-gmo), soybean meal, soybean oil, RBD palm olein, egg, fiberboard, blockboard, linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP), coke, coking coal and iron ore. Normal trading hours are Monday-Friday from 9am to 11:30am and 1:30pm to 3pm Beijing Time. The DCE is a member of the China Futures Association. Structure and function The exchange has the deepest liquidity pool among all Chinese Commodity Futures Exchanges. According to the Futur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
