Securities industry in China is an article on the securities industry in mainland China .
10-519: China Securities may refer to: Securities industry in China China Securities Regulatory Commission , Chinese regulator China Securities Journal , a Chinese periodical China Securities Co., Ltd., now known as CSC Financial , Chinese company China Investment Securities , successor of China Southern Securities , Chinese company China Securities Index Co., Ltd.,
20-526: A Chinese company which provides stock market data CSI 300 Index Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title China Securities . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=China_Securities&oldid=1221380653 " Category : Disambiguation pages Hidden categories: Short description
30-471: A one percent passing rate, and sponsor representatives have been highly compensated, with $ 1 million annual salaries in 2010. Despite this, they are viewed as often ineffective. Mainland shares are known as A-shares and are not typically available for purchase by foreigners. B-shares are available to foreigners, but are reputed to be more risky as they are available for less desirable companies. H-shares are for mainland China companies which are traded on
40-741: 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 . 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,
50-623: Is different from Wikidata All article disambiguation pages All disambiguation pages Securities industry in China In mainland China, the China Securities Regulatory Commission is the primary regulator; however, it has delegated certain activities to a self-regulatory organization called the Securities Association of China (SAC). Mainland China began an IPO sponsor system began in 2004, which
60-506: Is similar to a sponsor system in Hong Kong began in 1999. In order to be publicly listed in China, a prospective listing firm must be sponsored by a securities company (investment bank) and the sponsor must assign sponsor representatives to the listing firm. This In 2012, the SAC took over registration of sponsor representatives. The exam to become a sponsor representative is extremely difficult, with
70-589: The Hong Kong Stock Exchange . Institutional investors can apply to become Qualified Foreign Institutional Investors (a program which began in 2002) and then are allowed to buy A-shares; the minimum assets under management was reduced from $ 5 billion to $ 500 million in 2012. On 10 November 2017, China allowed foreign participation up to 51% in securities ventures. On March 13, 2020, the Securities Regulatory Commission announced that
80-656: The CSRC was upgraded to a government agency directly under the State Council. 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. 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
90-403: The law. In the presence of the huge Chinese market, foreign-owned brokerage firms are coming in droves. [1] The China Securities Regulatory Commission in 2021 has classified securities companies as the following: Data as of 31 December 2023 (RMB 1 billion) Source: Wind Information China Securities Regulatory Commission The China Securities Regulatory Commission ( CSRC )
100-451: The restriction on foreign shareholding ratio of securities companies will be abolished from April 1, 2020, and qualified foreign investors may submit applications for the establishment of securities companies or change of the actual controller of the companies in accordance with the requirements of laws and regulations, relevant regulations of the SFC and relevant service guidelines in accordance with
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