CITIC Securities Co., Ltd.(SH:600030) Zhong Guo Zheng Quan Bao·2025-09-26 20:48Core Viewpoint - The China Securities Association has recently communicated the evaluation results of securities companies for the 2025 financial "Five Major Articles" initiative, with CITIC Securities ranking first in seven quantitative evaluation categories [1][4]. Group 1: Evaluation Results - CITIC Securities leads in seven quantitative evaluation categories, showcasing the advantages of top-tier securities firms in key areas [1][4]. - The evaluation period covers the previous year from January 1 to December 31, with 107 participating firms' data collected and verified [1][4]. Group 2: Key Rankings - In the underwriting of technology innovation bonds, the top five firms are CITIC Securities (128.19 billion), CITIC Jiantou (89.86 billion), Guotai Junan (63.68 billion), CICC (58.80 billion), and Huatai Securities (34.22 billion) [2]. - For equity financing of technology enterprises, the leading firms are CITIC Securities (27.04 billion), CITIC Jiantou (20.93 billion), CICC (20.22 billion), Guotai Junan (15.16 billion), and Huatai Securities (12.23 billion) [2]. - In major asset restructuring transactions for technology enterprises, the top firms are CITIC Securities (32.07 billion), CITIC Jiantou (15.39 billion), China Galaxy (11.50 billion), CICC (7.62 billion), and Shenyin Wanguo (1.70 billion) [2]. Group 3: Green and Private Enterprise Bonds - The top five firms in underwriting green and low-carbon transition bonds are CITIC Securities (16.54 billion), CITIC Jiantou (12.29 billion), Guotai Junan (11.14 billion), CICC (8.84 billion), and China Merchants Securities (5.41 billion) [3]. - For private enterprise bond underwriting, the leading firms are China Merchants Securities (38.15 billion), GF Securities (31.89 billion), Ping An Securities (18.56 billion), CICC (13.01 billion), and Huatai Securities (12.57 billion) [3]. Group 4: Pension Products and Evaluation Framework - The top five firms in the distribution of personal pension products are GF Securities (17.18 million), China Merchants Securities (13.91 million), Guotai Junan (13.78 million), China Galaxy (12.74 million), and Industrial Securities (11.42 million) [3]. - The evaluation results will be incorporated into the 2025 classification evaluation of securities firms, with a scoring system that excludes basic scores for fairness [3][4]. Group 5: Evaluation Methodology - The evaluation framework consists of quantitative indicators (90 points), qualitative indicators (10 points), and additional items (5 points), with a focus on the contribution and service capabilities of firms in key financial areas [4][5]. - The quantitative indicators emphasize technology finance, which holds the highest weight of 50 points, while green finance, inclusive finance, pension finance, and digital finance each account for 10 points [4][5].