一年一度，券业榜单最新出炉！

Core Insights - The classification evaluation results for securities companies in 2025 have been released, with 107 companies evaluated, including 53 classified as A, 43 as B, and 11 as C, with 14 companies rated as AA within the A category [1][2] Group 1: Evaluation Framework - The classification evaluation system has been a foundational regulatory arrangement since its inception in 2007, maintaining a stable distribution of A, B, and C category companies, approximately 50%, 40%, and 10% respectively [2] - The evaluation criteria are based on four main components: penalties for regulatory measures, performance indicators such as major business income and return on net assets, a set of 47 specific indicators across six categories, and evaluations of industry culture and social responsibility [3][4] Group 2: Regulatory Focus - The evaluation process emphasizes enhancing the service quality of securities companies to the real economy, aligning with the directives from the 20th National Congress and the Central Financial Work Conference [5][6] - New indicators have been introduced to encourage securities companies to attract long-term capital, enhance their professional capabilities, and support the financing of private and small enterprises [6][7] Group 3: Compliance and Risk Management - The evaluation underscores strict compliance and risk management, incorporating a comprehensive assessment of various entities and their adherence to regulations, with a zero-tolerance approach to violations [7] - Companies are encouraged to engage in self-assessment and correction, with provisions for reducing penalties for proactive identification and resolution of issues [7]