SAC is a non-profit social institutional legal person function under the guidance and supervision of the China Securities Regulatory Commission (CSRC) and the Ministry of Civil Affairs of China.
[1]: 12 Since established on August 28, 1991, SAC has earnestly enforced its Articles of Association and acted according to the principles of "Legitimate, Supervision, Self-regulation and Normalization".
Under the supervision and direction of CSRC, SAC relies on its members to discharge its 3 major functions: "Self-regulation, Bridging and Service".
[2] On 22 January 2007, Mr. Huang Xiangping was elected as the chairman in the fourth Member General Meeting.
[1]: 15 CSIS is acknowledged by the Financial Stability Board as a trade repository for commodities and equity derivatives, together with the China Futures Market Monitoring Center (CFMMC).