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Tibet Autonomous Region Branch
Tibet Autonomous Region
22-11-2008

Introduction

On July 22, 1993, the People's Government of the Tibet Autonomous Region decided to establish the Autonomous Region Securities Commission, which had a bureau (deputy hall), and was under the Autonomous Region Economic System Reform Office. After the government institutional reform in 1995, the Tibet Securities Commission is under the newly built Tibet Autonomous Region Economic and Trade Reform Commission. On September 29, 1998, in accordance with the provisions of the State Council (Guo Fa [1998] No.29), the whole institution turned over to china securities regulatory commission, July 1, 1997, china securities regulatory commission Lhasa special appointed office established. In March 2004, china securities regulatory commission Lhasa special appointed office changed name to china securities regulatory commission Tibet regulatory bureau(hereinafter referred to as the CSRC Tibet regulatory bureau or Tibet Securities Regulatory Bureau), established a general  office(Party Committee Office), Department. of Listed Companies Supervision and Department of Intermediary Supervision.

 

The main responsibilities of Tibet Securities Regulatory Bureau is: implementing and enforce relevant State laws, regulations and policies earnestly, supervising the securities and futures activities of listed companies in the region, Securities and Futures Operational Institutions, Securities Investment Consulting Institutions and those intermediaries which dealing with securities business such as law firms, accounting firms and assets appraisal institutions authorized by CSRC; auditing the reorganization of companies to be listed; investigating and prosecuting violations of laws and rules in the region; mediating dissensions and disputes of securities and futures operation; dealing with related letters and visits; other works assigned by CSRC.


Leaders of the Tibet Securities Regulatory Bureau

Yang Daigang,Party Secretary, Director of Tibet Securities Regulatory Bureau
Ma Jian, member of the Party Committee, Secretary of the CSRC Discipline Inspection Commission and deputy director of Tibet Securities Regulatory Bureau
Liang Shipeng, member of the Party Committee and deputy director of Tibet Securities Regulatory Bureau


Organization

The Tibet Securities Regulatory Bureau has a General Office (also Party Committee Office), Division of Listed Companies Supervision and Division of Intermediary Supervision.

The main responsibilities of the General Office and the Party Committee Office are: undertaking secretarial work, inside job, administrative management, financing and external affairs. The definite works are as follows:

1. to assist the leader of bureau in coordinating and supervising the bureau affairs;

2. to work out the internal management system and supervise the implementation;

3. to be in charge of the secretarial work, documents sending, receiving and moving, as well as documents management;

4. to be in charge of human resources, labor affairs and financial management;

5. to be in charge of the maintenance of bureau’s computer system, information collection and delivery work;

6. to be in charge of the confidential, password security work in the bureau;

7. to be in charge of reception, external communication work in the bureau;

8. to be in charge of logistics support, the employment and management of temporary workers;

9. according to the requirements of bureau Party committee and discipline inspection committee, to organize the political and ideological education, improving the Party’s work style and building clean government and discipline inspection and supervision work;

10. in accordance with the demands of bureau party committee, to guide the work of Board branch agencies and trade unions.

 

Division of Listed Companies Supervision:

(1) regulatory responsibilities. According to “Guideline of Supervising Listed Companies in the Jurisdiction (Trial Version)”, its responsibilities mainly include:

1. carrying out the supervision over information disclosure, investigating and culling the risk of information disclosure that is inconsistent with the facts;

2. supervising and urging the listed companies to improve corporate governance and regularize their operation;

3. improving the supervision efficiency of listed companies M&A, supporting the sustainable development of listed companies;

4. supervising the continuing supervision records of listed companies, improving the supervision efficiency of refinancing;

5. establishing listed companies risk control and emergency response mechanisms;

6. establishing a comprehensive monitoring mechanism and coordinating monitoring mechanism;

7. strengthening the supervision of file management.

 

(2) Job Responsibilities. The Division of Listed Companies Supervision adopts a policy of accountability. It assigns responsibilities to a particular person, which means every supervisor will supervise two listed companies, and assist in supervising two listed companies. It also adopts a two-level management, division chief (deputy division chief) and ordinary supervisors.

 

Division of Intermediary Supervision:

1. Make interview to evaluate the qualification of the securities companies’ senior management personnel and deliver the appraisal to the Division of Intermediary Supervision.

2. Take charge of reviewing the qualification of principals of the securities companies’ branches, and go on day-to-day management in combination with “the data delivery system of the securities business institutions’ senior management”.

3. In charge of recordings of the relocations of branch agencies inside same city or same jurisdiction, and review the relocation of stock exchange in the jurisdiction (including two situations, relocation to another place within the jurisdiction and relocation to another jurisdiction).

4. In charge of reviewing the transfer and swap of branches of the securities companies.

5. In charge of reviewing the address change of the foreign funded securities institutions’ representative office in China.

6. In charge of the first auditing of the equities or shareholders alteration of the securities companies within the jurisdiction.

7. In charge of the preliminary review of the securities investment consulting business qualification within the jurisdiction.

8. In charge of open business inspection of the newly built securities companies branch institutions within the jurisdiction.

9. In charge of issuing written opinions on the following administrative permission projects within the prescribed time: establishment of a branch, business office and service department by securities companies; business qualification of managing securities clients assets; securities companies set up collective asset management plan; rename or relocation of securities companies; securities companies increase capital and shares; securities companies decrease capital; merger or spilt of the securities companies; establishment of the foreign capital representative office; change of the chief of the delegates and the general representative of the foreign capital representative office; rename of the foreign capital representative office.

10. In charge of the on-site inspection and off-site inspection to the securities companies and branches within the jurisdiction, urge them to control and deal with the risks.

11. In charge of supervision over the company governance, internal control of the securities companies and the internal control of the branches within the jurisdiction, timely urge them to correct any problems and prevent any risks.

12. Take charge to the daily supervision of customer securities transaction settlement funds of the securities business institutions within the jurisdiction with the help of the customer transaction settlement fund monitoring system.

13. Take charge to check the alleged violations of laws and regulations of the securities business institutions within the jurisdiction. In charge of the daily supervision of the monthly report and annual report of the branches, with the help of the securities branches system.

14. Prevent the illegal securities business branch and the “practicing without a license”, protect the rights of the legal securities business institutions.

15. In charge of accepting the commission report program of the securities business institutions within the jurisdiction.

16. In charge of the annual inspection of the job qualification of the senior managers of the securities companies and general manager, deputy general manager of the branch within the jurisdiction.

17. In addition to doing a good job in supervision of the securities business institutions within the jurisdiction, it should also be timely to contact with the regional agency of the securities institutions’ off-site branch agency, exchange their information, cooperate in supervising the off-site branches, do a good job in overall supervising the securities institutions.


Chinese version of the official link
http://www.csrc.gov.cn/pub/xizang/




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