What are the investor protection organizations in China?

The China Securities Regulatory Commission's (CSRC) Bureau of Investor Protection (BIPO), was formally established at the end of 2011 and is now operational. As an internal institution of the CSRC, the Bureau is responsible for the overall planning, organization and guidance, supervision and inspection, assessment and evaluation of investor protection in the securities and futures markets.

The main responsibilities

include eight aspects: the formulation of securities and futures investor protection policies and regulations; responsible for the securities and futures regulatory policy development and implementation of the adequacy and effectiveness of investor protection assessment; the securities and futures market investor education and service work for the overall planning, organization and coordination and inspection and evaluation; coordination and promotion of the establishment of improved investor services, education and protection The Committee also coordinates and promotes the establishment of improved investor services, education and protection mechanisms.

Studying the system of accepting investor complaints, promoting the improvement of the handling process and operation mechanism, and organizing the relevant departments to handle investor consulting services; promoting the establishment of a system to improve the legal relief of investors' infringed rights and interests; supervising the management and application of investor protection fund according to the regulations; and organizing and participating in the international exchanges and cooperation of the investor protection among the regulatory agencies.

Investment Protection Fund will be incorporated into the Bureau of Investment Protection

It is reported that the China Securities Investors Protection Fund Co. The reception and handling of investor complaints was originally its responsibility.

The official website of the Investment Protection Fund shows that the company was established in June 2005 and incorporated on August 30 as a wholly state-owned protection fund, funded by the State Council, with a one-time allocation of 6.3 billion yuan of registered capital from the Ministry of Finance. After put into operation, its main source of income each year for the new shares issued when the subscription funds frozen interest. 2011 new shares issued frozen funds **** counted 17.83 trillion yuan.

The IPF is a non-profit organization, but it is a company by nature. Its main duties are to raise and operate an investor protection fund, monitor the risks of securities companies, and participate in the disposal of problematic brokerage firms, as well as undertaking functions such as investor education and litigation disputes.

Chuang Mu, general manager of the investment protection fund, said at an online forum on the fund channel of the investor protection network that the next step in the direction of the investment protection bureau is mainly to establish a mediation and arbitration mechanism for investor disputes. To change the understanding of the concept of investor protection, change the previous too much emphasis on financial institutions and ignore the claims of investors.

The establishment of the investor protection department dates back to 2010. That year, the central bank proposed to follow the Federal Reserve's idea of establishing a specialized financial consumer protection agency, but the idea has never been fully recognized in the industry. From the results of the current launch, the final is still followed the "one plus three" framework for the management of the industry.

In addition to the Insurance Bureau of the Securities and Futures Commission (SFC), the Insurance Consumer Protection Bureau of the CIRC has also been set up, according to media reports. The CIRC and the SFC have set up an insurance protection fund and a securities investment protection fund, and there is also a consumer protection committee under the Banking Association.