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Dacheng Advises On the Launching of CSRC Hotline

On August 28, 2013, China Securities Regulatory Commission (“CSRC”) issued its 35th announcement, in which it was decided that a CSRC hotline would start to operate on a trial basis on September 6, 2013, in order to better serve investors of securities and futures market and protect their legitimate rights and interests.
 
As an alternative to petition for dispute resolution, investors could dial “12386” to file complaints, seek enquiries and submit suggestions. The hotline would also resume functionalities of enquiries, suggestions and complaints on the official websites of CSRC (www.csrc.gov.cn) and the Securities Investor Protection Funds (www.sipf.com.cn).
 
As the exclusive legal advisor, Dacheng attorneys provided all-round legal service for the launching of the hotline. Their work involved preparation support, system construction, building and upgrading of a knowledge base, hotline staff training and onsite support. The project team was comprised of senior partners Qian Hongji, Zhao Min, Zhang Hong, Tao Yusheng and attorneys Wang Xingbo, Li Jinyan, Liu Xiaoyu, Li Ping, Zhao Weichang and Mao Wei.