券商分类评价结果出炉，发挥“指挥棒”作用，引导高质量发展

Core Insights - The annual classification evaluation results for securities companies have been released, with 107 companies evaluated, resulting in 53 classified as A, 43 as B, and 11 as C, with 14 of the A-class companies rated as AA [1][2] Summary by Sections Classification Results - A total of 107 securities companies participated in the evaluation, with 53 classified as A, 43 as B, and 11 as C. Among the A-class companies, 14 are rated as AA, representing approximately 25% of A-class companies [2] Evaluation Framework - The classification evaluation system consists of four main parts: compliance status, business development status, risk management capability, and special work conditions. Each part has specific indicators that can lead to points being added or deducted based on performance [3] Regulatory Focus - The evaluation process is dynamic and adjusts according to economic and industry needs. This year, the focus is on risk prevention, strong regulation, and promoting high-quality development, aligning with the directives from the 20th National Congress and the Central Financial Work Conference [4] Professional Capability Enhancement - The evaluation encourages securities companies to enhance their professional capabilities, particularly in mergers and acquisitions, investment banking quality, and direct financing services. It emphasizes the importance of serving the real economy and maintaining market stability [5][6] Compliance and Risk Management - The evaluation underscores strict compliance and risk management, incorporating various entities and potential risks into the assessment. It aims to reflect the overall compliance and risk management capabilities of the companies accurately [7] Future Directions - The China Securities Regulatory Commission (CSRC) plans to enhance the transparency and fairness of the evaluation process for 2025, providing guidance to the industry on regulatory directions and key requirements [8]