With the approval of the State Council, the CSRC, the MOF and the PBC promulgated the Measures for the Administration of Securities Investor Protection Fund (the “Measures”) in June 2005, which provides for the establishment of the wholly state-owned China Securities Investor Protection Fund Corporation Limited (hereinafter “SIPF”) and the articles of association of the SIPF. On August 30, 2005, SIPF was registered with the State Administration for Industry and Commerce, with a registered capital of RMB 6.3 billion that is provided by the State Council through the MOF. SIPF is subordinate to the CSRC.
Decision making is the responsibility of the Board of Directors, and the management is responsible for corporate operation and management. Inside the SIPF there are 12 departments: Party Committee Office, Disciplinary Inspection and Supervision Office, General Affairs Department, Transactions Settlement Fund Monitoring Department, Legal Affairs Department, Assets Management Department, Survey & Assessment Department, Investor Education & Service Department, Statistical Analysis & Research Center, Securities Company Risk Monitoring Department, Finance Department and IT Department; below the Board of Directors there are three special committees, i.e. Strategic Development Committee, Payment Management Committee, and Investment Decision Committee; SIPF has 1 subsidiary: Beijing SIPF Information Technology Co., Ltd.
By the end of 2018, SIPF had a total of 80 officers, all with a bachelor degree or above, and those with a master degree or above accounted for 70.37%. By specialty, those of finance, law, accounting, statistics and IT majors accounted for about 70%; in terms of age, staff members had an average age of 33.9, and those at or below 35 accounted for 65.43%.