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The China Securities Regulatory Commission (the "CSRC"), directly under the jurisdiction of the State Council, regulates stocks and futures markets. The CSRC was established in October 1992 along with the State Council Securities Commission.
The CSRC was established to regulate the stock and futures markets, including regulatory bodies, across the country, supervise the stock and futures markets, upgrade the quality of information released, prevent and mitigate risks in the stock and futures markets and to safeguard the stability of markets.
The rapid growing China market is making a real attempt to modernise its banking and financial systems. The main attempt at this is the passage and implementation of the Qualified Foreign Institutional Investor (QFII) Act which will allow foreign investors to invest in Chinese securities.
The Qualified Domestic Institutional Investor (QDII) scheme will allow Chinese citizens to invest in overseas markets, with designated foreign currencies, through qualified institutional investors, such as fund management companies.
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