Core Viewpoint - The "14th Five-Year Plan" emphasizes the acceleration of building a financial powerhouse, positioning the Chinese securities industry at a new historical starting point, with a focus on structural opportunities in emerging fields like technology innovation and green economy, driven by policy guidance and industrial upgrades [1][2][3] Industry Development Directions - The "14th Five-Year Plan" outlines two main directions for the securities industry: enhancing direct financing functions and promoting technological modernization to support new productive forces, while also broadening channels for residents' property income [2][3] - The securities industry is expected to play a crucial role in guiding capital towards strategic national priorities, fostering a new ecosystem of mutual advancement between industry and finance [2][3] High-Quality Development - High-quality development will be the main theme during the "14th Five-Year" period, with a focus on integrating advanced technologies like AI, renewable energy, and biomedicine into the financial sector [3][4] - The industry is urged to enhance institutional adaptability and market efficiency, with ongoing regulatory improvements to support strategic emerging industries [3][4] Focus on Core Business - The "14th Five-Year Plan" calls for optimizing the financial institution system, encouraging firms to focus on their core businesses and develop differentiated competitive advantages [4][5] - Smaller securities firms are advised to leverage their unique advantages in decision-making and customer service to establish professional barriers in specific sectors [4][5] Future Outlook - The securities industry is anticipated to undergo significant restructuring, with an emphasis on license governance and orderly mergers and acquisitions, while asset allocation and comprehensive services will become key differentiators [4][5] - Firms are encouraged to build collaborative ecosystems with technology companies and local governments to enhance their service capabilities and transition from "channel services" to "value services" [5][6] Strategic Areas for Growth - Securities firms should focus on three key areas: innovating products in technology finance, green finance, and inclusive finance; enhancing value discovery and pricing capabilities; and participating in the development of international financial centers [6][7] - The industry is expected to continue optimizing business collaboration mechanisms and deepen financial technology integration to support high-quality financial development [6][7]
提升券商服务能力 助推金融强国建设
Zhong Guo Zheng Quan Bao·2025-11-13 20:02