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China's first Securities Law was passed December 1998, and became effective July 1, 1999. The nation's first comprehensive securities legislation, it grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". [ 7 ]
The NFRA was established on 10 March 2023 to replace the China Banking and Insurance Regulatory Commission (CBIRC), also taking over some roles from the People's Bank of China (PBC) and the China Securities Regulatory Commission (CSRC). On May 10, 2023, Li Yunze was appointed as the Chinese Communist Party committee secretary of the NFRA. [1]
In 2011, he took on the job of chairman of the China Securities Regulatory Commission (CSRC), China's securities regulator. [citation needed] In March 2013, Guo was tasked with his second regional stint, this time taking on the office of Governor of Shandong province. In 2017, Guo was named chairman of the China Banking Regulatory Commission. [2]
Wu, 59, was also the chairman of the Shanghai Stock Exchange, the largest stock exchange in mainland China, between 2016 and 2018. He had previously worked with financial regulators for two ...
May 26, 2009, CSRC announced a new securities regulatory classification in order to improve the existing classification criteria of securities companies. Under new regulation, 30 brokerages received A-class rating, 58 in B-class rating and 17 in C-class rating. China's securities companies are facing more fierce competitors from outside investors.
China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former ...
A sudden infusion of $30 million into Donald Trump's nascent cryptocurrency venture from a Chinese billionaire sued by the Securities and Exchange Commission for allegedly defrauding investors ...
China Securities Index Co., Ltd., a Chinese company which provides stock market data CSI 300 Index This page was last edited on 29 April 2024, at 16:04 (UTC). Text is ...