Former CSRC chairmen

Liu Hongru

Oct 25, 1992, to March 30, 1995

Launched the IPO issuing and stock trading regulatory system, and issued the first set of rules for stock exchange companies.Approved Tsingtao Brewery Co Ltd as the first mainland comany to be listed in Hong Kong, and pushed for Sinopec Shanghai Petrochemical Co Ltd to be the first Chinese company to issue an IPO on the New York Stock Exchange.

Zhou Daojiong

March 31, 1995, to July 11, 1997

Shut down the turbulent treasury bond trading pilot program, and pushed State-owned enterprises to go public.Set the 10 percent price range volatility limits.Promoted the first Chinese company to list on a European stock market.

Zhou Zhengqing

July 12, 1997, to Feb 23, 2000

Closed 41 illegal stock exchanges and successfully controlled stock speculation risks during the Asian financial crisis.Encouraged insurance funds to invest in the stock market, started the IPO-issuing mechanism reform, and expanded the securities investment fund pilot program.

Zhou Xiaochuan

Feb 24, 2000, to Dec 26, 2002

Called for curbs on insider trading and market manipulation. Changed the IPO administrative examination system into an easing approval procedure. Released the first set of rules that required financially distressed public companies to suspend or terminate share trading in the exchanges.Launched the regulations for qualified foreign institutional investors. Allowed mainland residents to trade foreign currency-denominated shares.

Shang Fulin

Dec 27, 2002, to Oct 29, 2011

The Securities Investment Fund Law took effect.The Shenzhen Stock Exchange launched the Small and Medium Enterprise Board and the ChiNext, the Nasdaq-style stock market. Industrial and Commercial Bank of China Ltd issued the world's largest IPO by market value.Released the regulation for qualified domestic institutional investors to invest in overseas markets.

Guo Shuqing

Oct 29, 2011, to March 17, 2013

The Shanghai Composite Index dropped 195 points, or 7.89 percent, to 2,278. Market value of A shares decreased to 23.68 trillion yuan ($3.8 trillion) from 24.15 trillion yuan.The number of qualified foreign institutional investors increased to 215 from 118, and the quota increased to $80 billion from $30 billion. There were 183 approved initial public offerings, raising 133.5 billion yuan; 847 enterprises are still on the pre-IPO waiting list.