Recently, China Securities Regulatory Commission (CSRC) has updated its official department section on the official website with addition of Science and Technology Bureau.
CSRC optimizes and adjusts the functions of its information center, data company and technology companies, forming a science and technology supervision system that integrates the units.
Science and Technology Bureau will be headed by Yao Qian, the former general manager of China Securities Depository and Clearing Corporation Limited, who has worked in China’s central bank system for 8 years.
CSRC has also been carrying out scientific and technological supervision for a long time. As early as August 2018, it issued the "Supervision Technology Construction Plan", which clarified the requirements and content of various types of information technology construction work of regulatory technology in version 1.0, 2.0, and 3.0.
Since then, CSRC has also jointly created a national credit information sharing platform with multiple departments to provide solutions for small and medium-sized institutions to reduce operating costs and prevent risks.