Core Insights - The China Securities Regulatory Commission (CSRC) announced the classification evaluation results for securities companies for 2025, with 107 companies evaluated, resulting in 53 classified as A, 43 as B, and 11 as C, indicating a stable distribution across categories [1] - The evaluation aims to enhance the functionality of securities companies, promote high-quality development, and encourage differentiated operations among smaller institutions [1][2] Evaluation Criteria - The evaluation system consists of four main parts: penalties for regulatory measures or administrative penalties, points for operational indicators like main business income and return on net assets, a set of 47 specific indicators across six categories including capital adequacy and risk management, and additional points or penalties based on industry culture and social responsibility [2][3] - The evaluation emphasizes guiding securities companies to maintain market stability and support long-term capital inflow, with new indicators for swap facilitation and self-investment in equity assets [2] Professional Capability Enhancement - The evaluation encourages securities companies to improve their professional capabilities and service quality to the real economy, with increased points for M&A capabilities and maintaining high standards in investment banking practices [3] - The evaluation incorporates results from the securities industry association's assessments of companies' contributions to major financial reforms and strategic initiatives [3]
2025券商分类评价结果出炉 各项新指标平稳落实 促进证券公司功能发挥
Shang Hai Zheng Quan Bao·2025-09-28 17:12