证监会发布《证券公司分类评价规定》 发挥好监管“指挥棒”作用

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced modifications to the "Securities Company Classification Supervision Regulations" to enhance risk prevention and promote high-quality development in the capital market [1][2]. Group 1: Overall Modification Approach - The modification emphasizes a goal-oriented approach, aligning with risk prevention and strong regulation to improve governance and industry positioning [2]. - The existing classification evaluation framework remains stable, with modifications focusing on local improvements rather than major adjustments [2]. - Coordination with the China Securities Association has been strengthened to streamline evaluation indicators and reduce industry reporting burdens [2]. Group 2: Key Modifications - The evaluation framework has been adjusted to focus on "risk management capability, ongoing compliance status, business development, and functional performance," enhancing the emphasis on the functionality of securities companies [2]. - The modifications aim to guide securities companies towards high-quality development by improving business development scoring indicators and encouraging differentiated development paths for smaller institutions [2][3]. - A stronger punitive approach has been introduced, with increased penalties for severe violations and a refined scoring system for administrative penalties to enhance the overall deterrent effect [3]. Group 3: Implementation Timeline - The new "Securities Company Classification Evaluation Regulations" will take effect on August 22, 2025, with the CSRC committed to supporting the implementation and continuous improvement of the classification supervision system [3].