期货公司分类评价新规正式落地！加、减分标准进一步优化，引导公司差异化发展，促进提升服务国家战略和实体经济能力

Core Viewpoint - The revised "Futures Company Classification Evaluation Regulations" aims to provide a more comprehensive and precise evaluation of futures companies, enhancing their service to the real economy and promoting high-quality, differentiated development within the industry [1][3]. Group 1: Regulatory Changes - The new regulations will take effect on September 12, 2025, and are designed to address the shortcomings of the previous classification system, which has been in place since 2009 and has undergone multiple revisions [1][3]. - The title of the regulations has been changed from "Futures Company Classification Supervision Regulations" to "Futures Company Classification Evaluation Regulations" to better reflect the focus on evaluation [3]. - The revised regulations include a refined scoring mechanism, an optimized scoring system for market competitiveness, and the removal of certain outdated indicators [3][4]. Group 2: Evaluation Mechanism - The new scoring system for market competitiveness has been adjusted to include three categories and nine indicators, allowing for a more comprehensive assessment of a futures company's business performance, profitability, and capital strength [6][7]. - The regulations emphasize the importance of service to the real economy by introducing new indicators such as "average daily positions of industrial clients" and adjusting existing ones to better reflect the service capabilities towards institutional clients [9][12]. Group 3: Industry Development - The revisions are expected to shift the focus of futures companies from merely achieving scale and profit to enhancing the quality of service provided to the real economy, thereby fostering a more professional and specialized industry landscape [14]. - The regulations encourage futures companies to develop high-margin, high-tech businesses, moving away from low-fee competition towards a focus on professional capabilities [7][12]. - The new rules are anticipated to lead to a restructuring of business models within futures companies, with a greater emphasis on developing core competencies and enhancing service effectiveness for industrial clients [14].