Zheng Quan Ri Bao Wang·2025-09-28 11:56Core 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: Classification Evaluation Overview - The classification evaluation system, initiated in 2007, has become a fundamental regulatory framework for securities companies, maintaining a stable distribution of categories with approximately 50% A, 40% B, and 10% C companies [2] - The revised regulations emphasize high-quality development and encourage differentiated operations among smaller institutions [2] - The evaluation criteria consist of four main parts: penalties for regulatory measures, performance-based scoring, specific indicators across six categories, and evaluations of industry culture and social responsibility [2][3] Group 2: Regulatory Focus and Guidance - The evaluation aims to enhance the role of securities companies in stabilizing the market and facilitating long-term capital inflow, with new indicators for self-investment in equity assets and fund sales [3][4] - There is a strong emphasis on improving professional capabilities, particularly in mergers and acquisitions, and maintaining high standards in investment banking practices [4] - The evaluation also incorporates assessments of compliance and risk management, reflecting a commitment to stringent regulatory oversight [5] Group 3: Compliance and Integrity - The evaluation process underscores the importance of compliance and risk management, including penalties for various forms of misconduct and a focus on internal controls [5] - Companies are encouraged to engage in self-assessment and corrective actions, with provisions for reducing penalties for proactive compliance efforts [5]