@所有券商 事关做好“五篇大文章”

Core Viewpoint - The China Securities Association has released a trial evaluation method for securities companies to enhance their service capabilities in the financial sector, particularly focusing on technology finance indicators [1][2]. Group 1: Evaluation Method Overview - The evaluation method includes 25 articles that focus on the core business of securities firms and highlight their functional roles, considering factors such as industry representation, indicator maturity, and data verifiability [1]. - The evaluation will summarize experiences and continuously improve the indicator system and evaluation work [1]. Group 2: Quantitative Indicators - Technology finance indicators include amounts and numbers related to technology innovation bond underwriting, equity financing for technology enterprises, major asset restructuring transactions, direct investments in unlisted technology firms, and private equity fund investments in technology companies [2]. - Green finance indicators cover amounts and numbers for green bonds and low-carbon transition bonds, while inclusive finance indicators include amounts for bonds supporting small and micro enterprises and private enterprises [2]. - Pension finance indicators focus on the scale of personal pension product sales, and digital finance indicators assess the maturity of digital capabilities and awards in securities technology [2]. Group 3: Qualitative Indicators - Qualitative indicators include mechanism construction, continuous resource investment, and additional indicators reflecting the functional roles of securities firms and their implementation of key policies [2]. - Mechanism construction indicators assess whether the financial "five major articles" are included in the business development strategy and whether a professional organizational structure and incentive mechanisms are established [2]. Group 4: Scoring Methodology - The scoring system allocates a total of 50 points for technology finance, with specific points assigned to various categories such as bond financing, equity financing, mergers and acquisitions, and equity investments [3]. - Additional points are available for companies ranked in the top 50, with a small point difference between tiers to encourage participation [3]. - The evaluation method sets both monetary and numerical scoring standards to balance the impact of absolute scale on the results, promoting differentiated development among industry institutions [3].