证券公司分类评价制度时隔5年迎修订！引导行业机构聚焦高质量发展、突出“打大打恶”导向

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is seeking public opinion on the revised "Securities Company Classification Evaluation Regulations" to optimize the classification evaluation system, promote the functionality of securities companies, and support the differentiated development of small and medium-sized institutions [1][2]. Group 1: Regulatory Framework - The classification evaluation system is a fundamental regulatory framework for institutions, with the main regulatory basis established in 2009 and revised multiple times since, playing a significant role in guiding securities companies to enhance compliance, risk control, and service to the real economy [1][2]. - The revisions align with the spirit of the 20th National Congress of the Communist Party of China and recent government directives aimed at strengthening regulatory measures and promoting high-quality development in the capital market [1][2]. Group 2: Key Modifications - The title of the regulations has been changed from "Securities Company Classification Supervision Regulations" to "Securities Company Classification Evaluation Regulations" to better reflect the focus on classification evaluation [2]. - Key modifications include enhancing the guidance for the functionality of securities companies, optimizing business development indicators to focus on high-quality growth, and adjusting the scoring system to better reflect the performance of companies [2][3]. Group 3: Performance Evaluation - The revised regulations increase the scoring for net asset return rates to encourage securities companies to adopt a more intensive development approach and improve operational efficiency [3]. - The coverage for scoring based on net asset return and major business income has been expanded from the top 20 to the top 30 companies, allowing smaller institutions to explore differentiated development paths [3]. Group 4: Compliance and Penalties - The regulations introduce stricter measures for companies with significant legal violations, allowing for direct downgrading of evaluation results based on substantial infractions [3][4]. - The scoring for disciplinary actions and administrative penalties has been adjusted to ensure a balanced evaluation system, enhancing the effectiveness of self-regulatory and administrative measures to combat market violations [4].