券商评价洗牌，中小券商迎利好

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised and officially implemented the "Securities Company Classification Evaluation Regulations," with minor changes from the draft, focusing on enhancing support for small and medium-sized securities firms [1] Summary by Relevant Categories Regulatory Changes - The main adjustment in the revised regulations is the renaming of newly added special indicators, which now cover aspects such as proprietary investment in equity assets, asset management product investments in equity assets, distribution of equity mutual funds, and development of fund advisory services [1] Support for Small and Medium-sized Firms - The revision aims to optimize certain evaluation indicators to better support small and medium-sized securities firms, guiding them towards differentiated and specialized development paths [1] - The regulation removes the additional points for total operating revenue rankings and expands the income ranking bonus range for brokerage, investment banking, and asset management from the top 20 to the top 30 firms, with multiple policies favoring smaller firms [1]