# Policy and regulatory basis

Circular of the General Office of the State Council on Regulating the Development of Regional Equity Markets2017No. 11)

Regional equity market operating institutions (hereinafter referred to as operating institutions) shall be responsible for organizing regional equity market activities, conducting self-regulatory management of market participants, and ensuring the standardized and stable operation of the market.
The list of operating institutions shall be administered and announced by the provincial people's government, and shall be filed with the CSRC for the record at the same time.
Before the issuance of this Notice, where an operating institution has been established within the administrative area of a province, autonomous region, municipality directly under the Central Government, or city under separate state planning, it shall no longer be establishedHas not yet established an operating agency, may establish aWhere two or more operating institutions have been established, the provincial people's governments shall actively and steadily promote the integration into one, and the CSRC shall provide guidance and supervision.

# Examples of Qualifications

Relevant Documents on Approving the Establishment of Equity Trading Market:

Business license: