证监会：加快打造一流投行和投资机构

Core Insights - The conference emphasized the need for the securities industry to enhance its functions and capabilities to support high-quality development in the capital market [1][2][3] Group 1: Industry Development Goals - The industry must focus on high-quality development rather than mere scale and profit expansion, optimizing business structures and innovating products based on the needs of real enterprises [3][4] - Securities firms are encouraged to strengthen their mission in serving the real economy and new productive forces, leveraging their research capabilities and industry advantages [2][3] - The industry should aim for differentiated and specialized development, moving from price competition to value competition, and fostering a few internationally influential leading institutions [4][5] Group 2: Regulatory Policies - The regulatory approach will emphasize differentiated supervision, with a focus on "supporting the strong and limiting the weak," allowing for some relaxation of restrictions for high-quality institutions [1][4] - There will be an emphasis on compliance management and risk prevention, ensuring that governance and shareholder management are effectively implemented [5][6] - The association will enhance self-regulation and governance mechanisms to promote a more vibrant and orderly industry ecosystem [6] Group 3: Investor Engagement - Securities firms are expected to better serve investors by providing diverse financial products that cater to varying risk preferences and investment horizons, promoting long-term and value investing [2][3] - The industry should strengthen its ties with investors, focusing on a return-centered evaluation system and transforming wealth management services [3][4] Group 4: Cultural and Structural Enhancements - The industry must cultivate a strong corporate culture that aligns with long-term principles and enhances reputation management [5][6] - There is a call for improved talent development and management to attract professionals with strong ethical standards and expertise [5][6] - The association aims to enhance its own governance and operational effectiveness to drive industry quality improvements [6]