证券业完善自律管理优化行业生态

Core Viewpoint - The China Securities Association has released the "Implementation Opinions on Strengthening Self-Discipline Management to Promote High-Quality Development of the Securities Industry," aiming to create a clearer self-discipline management rule system for the industry [1] Group 1: Self-Discipline Management - Self-discipline management is a crucial part of the governance system in the securities industry, playing an important role in promoting healthy capital market development and ensuring compliance among industry practitioners [1] - Recent regulatory documents emphasize the need for improved governance and service to the real economy, setting higher requirements for the positioning and governance of securities institutions [1] Group 2: Key Measures Proposed - The "Opinions" focus on risk prevention, strong regulation, and promoting high-quality development through a self-discipline management system that aligns with the industry's goals [2] - Seven key areas for improvement are identified: enhancing self-discipline management systems, strengthening self-discipline in sponsorship and underwriting, guiding service functions, improving compliance and risk control systems, managing public opinion and expectations, promoting Chinese financial culture, and enhancing the association's own development [2] Group 3: Sponsorship and Underwriting Management - The "Opinions" propose to refine self-discipline rules for issuance and underwriting, enhance pricing capabilities, standardize fee structures, and enforce responsibilities in sponsorship and underwriting [2] - Optimizing the structure and number of offline investors is emphasized, utilizing mechanisms like classification lists and "white lists" to improve management [2] Group 4: Service Function and Compliance - Securities companies are encouraged to prioritize functional services, provide high-quality financial products, and support capital market reforms to better serve the real economy [3] - The "Opinions" outline four measures to enhance compliance and risk control, including improving risk monitoring accuracy and transparency in over-the-counter transactions [3] Group 5: Association's Self-Improvement - The association aims to strengthen its own governance and service capabilities, which is essential for fulfilling its self-discipline management responsibilities and promoting high-quality development in the securities industry [4] - Strengthening self-discipline management is expected to enhance the industry's operational effectiveness and contribute to the construction of a robust financial system [4]