China Securities Regulatory Commission (CSRC), a ministerial-level public institution directly under the State Council, performs a unified regulatory function, according to the relevant laws and regulations, and with the authority by the State Council, over the securities and futures market of China, maintains an orderly securities and futures market order, and ensure a legal operation of the capital market. China Securities Regulatory Commission is located in Beijing, with appointed one chairman, four vice chairmen, one secretary of the Disciplinary Inspection Commission (on the vice-ministerial level) and three assistants to the chairman. CSRC has eighteen functional departments, one inspection division and three centers. In accordance with Article 14 of the“Securities Law of the People’s Republic of China”, CSRC has set up a public offering review committee, which is formed of professionals of CSRC and invited experts from without the committee. China Securities Regulatory Commission has established thirty-six securities regulatory bureaus in provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and, in addition, Shanghai Commissioner Office and Shenzhen Commissioner Office.